China’s Hebei Port Group Co., Ltd. intends to invest into development of the port infrastructure in the Russian Far East. The Group plans to construct a grain terminal in Primorsky Krai (Primorye region), informs TASS news agency. The terminal will become part of the supply chain of grain transportation from Heilongjiang province in the North […]
The question of stevedoring rates in the Russian ports is again on the federal agenda. In mid-August, Russian President Vladimir Putin ordered to convert the port handling charges of Russian stevedoring companies into rubles as from 1 January 2018, but, as it often happens in Russian practice, “with certain provisos for particular situations and particular […]
On 7 September, Bronka Port (Russia) welcomed СOSCO’s dry cargo carrier LIAN HUA SONG that passed from China to Russia along the Northern Sea Route (NSR) for the first time in the history of the two countries’ relationships, informs PortNews. The vessel (length – 180m, width – 27m, draft – 7.9m; deadweight – 27,500 t) left […]
Russian FESCO Transportation Group delivers two giant hydraulic turbine wheels manufactured by the Leningrad Metal Factory in St. Petersburg (part of the Power Machines Corporation) to the Krasnoyarsk hydroelectric power plant via the Northern Sea Route. Weighing 244 tons each and measuring 8.5m in diameter, these are the largest radial-axial wheels in Russia ever produced […]
Russia’s container ports demonstrate strong growth in 2017. From January through to June 2017 they handled 2.26 mln TEU, surpassing the data of the same period in 2016 by 15,3%, informs TASS news agency quoting the Association of Russian sea commercial ports. Both import and export volumes continue the upward trend of the first quarter: imports […]
The Moscow Arbitration Court rejected the ruling of the Federal Anti-Monopoly Service of Russia (FAS) with regards to Novorossiysk Commercial Sea Port (NCSP) on the case of stevedoring tariffs, informs TASS news agency. As we wrote earlier this month, in June 2016, FAS initiated a legal action against nine stevedoring companies accusing them of abusing […]
Yesterday, the Moscow Arbitration Court postponed till August 21 the hearing of the appeal of Vostochnaya Stevedoring Company, a container terminal in the Russian Far East, part of Global Ports, against the Federal Anti-Monopoly Service of Russia (FAS) on the case of stevedoring tariffs, informs TASS news agency. In June 2016, FAS initiated a legal […]
In January-May 2017, Container Terminal Saint-Petersburg (CTSP), owned by UCL Holding, handled 264,860 TEU, recording a growth of 10,2% year-on-year. This makes CTSP the leading container terminal in Russia, accounting for 14.25% of the country’s total handling. The terminal strongly keeps its place at the top of all Russian container stevedores for the second consecutive […]
Summa Group, the major shareholder of FESCO Transportation Group, is reported to be in talks to sell a minority stake in FESCO to a consortium headed by DP World and the state-run Russian Direct Investment Fund (RDIF), informs Financial Times. The deal may amount to several hundred million dollars and include special corporate governance rights […]
The tender to construct the international sea terminal Pionersky in Kaliningrad region, Russia, has been declared void, informs PortNews agency. As we wrote last December, in view of the 2018 FIFA World Cup taking place in Russia, the state plans to build a new cruise port in Kaliningrad region, on the Baltic Sea. The facility […]
