• 2016 December 3 20:34

    Dmitry Medvedev wished success in implementation of Vostochny Port’s Phase 3 project (photo)

    RF Prime Minister Dmitry Medvedev visited the exposition of Port Management Company LLC and Vostochny Port JSC at the “Transport of Russia” exhibition. According to Dmitry Medvedev, is it a very good time for the project implementation - Phase 3 of Vostochny Port, Russia’s largest dedicated coal terminal is to be launched in September 2017, says press center of Port Management Company.

    Coal exports via the Far East ports of Russia have been showing sustainable growth from 2012. This entails the demand for additional transshipment facilities with open access for different companies.

    It was in autumn of 2012 that the decision was made to expand the capacity of Vostochny Port JSC. Investments into Phase 3 of the port make some RUB 27 bln. The project is financed exclusively by the company without any resources from the federal or regional budget. 

    Irina Olkhovskaya, Director on Long-Term Development and Interaction with Federal Authorities, Port Management Company LLC, told Dmitry Medvedev about the private investment project on construction of Phase 3 of Vostochny Port, Russia’s largest dedicated coal terminal (part of the holding run by Port Management Company LLC): “Over RUB 19 bln of planned RUB 27 bln have already been invested. A new berth was opened in summer. Despite the geographic proximity of China and Japan, over 4,000 t of metal structures manufactured in Russia were used for the construction under import substitution programme. Assembly of special coal loading equipment has been performed in cooperation with the Japanese partners. Apart from port infrastructure the project foresees the construction of two railway-yards for RUB 5 bln. It is a very important factor for synchronization of port and rail infrastructure development. We have been in permanent cooperation with our colleagues from Russian Railways JSC”. 

    With the launch of new facilities, Irina Olkhovskaya emphasized, the stevedore’s coal transshipment will grow to 40 mln t per year to meet the growing demand in the Asia-Pacific Region and to build up exports potential of Russia’s coal industry. 

    When asked by the Prime Minister about the number of new jobs under the project, Irina Olkhovskaya said that the launch of the port’s new facilities would generate 400-500 new jobs for Primorsky Territory citizens.

    Port Management Company LLC controls operation of Russia’s largest coal terminals – Vostochny Port JSC (Vrangel Bay, Primorsky Territory) and Rosterminalugol JSC (Ust-Luga, Leningrad Region). Total throughput of the two dedicated terminals exceeded 40 mln t in 2015, which is more than one third of coal exported from Russia by sea. Coal is shipped to more than 30 countries of Europe, Middle East and Asia-Pacific Region.  By 2019, total throughput of the company’s terminals is to reach 56.5 mln t. 

    The company applies advanced technologies to export coal produced by JSC Kuzbassrazrezugol, JSC SUEK, JSC Kuzbass Fuel Company, JSC Russian Coal, JSC Sibuglemet, LLC Promugolservice CJSC Belovskaya Mine, LLC Stepanovsky Razrez, LLC Razrez Bungursky Severny and other Russian coal companies.

    Port Management Company was set up in 2008. From 2009 the company controls the operation of Vostochny Port JSC. Over this period, Vostochny Port’s throughput surged by 58% to 22.8 mln t in 2015. In 2010-2015, the company held optimization of production processes and implemented the programme on modernization of equipment. Rosterminalugol JSC fell under control of Port Management Company in 2016. In 2015 Rosterminalugol handled 17.5 mln t of coal, a record-high result of the company. Port Management Company is headquartered in Moscow. 

    Vostochny Port JSC (Vrangel Bay, Primorsky Territory, Far East) is Russia’s largest publicly available terminal equipped with cutting-edge equipment: tandem wagon dumpers, conveyor systems, stackers, reclaimers, ship loading conveyors, a defrosting system for 80 railcars and a unique multilevel system of magnetic separation. Highly efficient systems of water treatment, dust suppression and wind barrier installed at the terminal ensure the protection of the Vrangel Bay environment.

    In 2015 the port handled 22.8 mln t of coal, one fifth of all coal exports via Russian seaports and about 32% of coal transshipment via the ports of Russia’s Far East Basin. The coal is exported to APR, India and Latin America. 

    Vostochny Port JSC is implementing an ambitious investment project on construction of the coal terminal’s Phase 3. New terminal facilities will be put into operation in 2017 allowing for port capacity to reach 39 mln t in 2019. The project is financed exclusively by private investor, without involving any state resources. Investments into the project make RUB 27 bln.

    Rosterminalugol JSC (port Ust-Luga, Leningrad Region) is the largest dedicated coal terminal in the North-West region of Russia. The terminal built with the application of the innovative technologies is intended to supply Russian coal produced in Kuzbass and other coal fields to the customers in Europe, Africa, Middle East, Latin America and the USA. The terminal was founded in 1996 under the programme on establishment of a commercial seaport in Ust-Luga. Rosterminalugol entered the holding run by Managing Port Company LLC In 2016. 

    In 2015, throughput of Rosterminalugol grew by 13%, year-on-year, to a record high result of 17.5 mln t (62% of coal transshipment in the ports of Russia’s Baltic Basin). In 2016, Managing Port Company LLC launched the project on further modernization of the terminal.

2019 October 16

17:35 PSA Marine signs frame agreement with Hydroniq Coolers
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16:22 IBM boards the Mayflower Autonomous Ship project
15:58 Patrol ship of RF Navy’s Black Sea Fleet to take part in events dedicated to anniversary of Navarino battle
15:35 Navios Maritime Partners announces repayment of its Term Loan B
15:19 Throughput of port Primorsk in Jan-Sep’2019 grew by 18% Y-o-Y to 46.93 million tonnes
14:53 Port of Ust-Luga handled 77.49 million tonnes in 9M’19, up 7% Y-o-Y
14:34 NEPTUN WERFT holds keel laying ceremony for AIDAcosma
14:06 Throughput of Port St. Petersburg in Jan-Sep'2019 grew by 2% Y-o-Y to 44.97 million tonnes
13:45 Zvezda shipyard lays down fourth Aframax tanker for Rosnefteflot
13:20 Carnival Cruise Line to add fourth ship in Galveston
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11:51 WMU and AHHIC cooperate on marine insurance
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11:20 Intensive training on port management and efficiency held in France
10:57 IMO visited United Kingdom to assess country's implementation of special maritime security measures
10:14 LUKOIL enters Ghasha project for extraction of hydrocarbons in UAE
10:01 MPA of Singapore to strengthen collaboration on cyber resilience and response at the 5th Port Authorities Roundtable
09:59 APM Terminals Gothenburg to double rail volumes by 2022
09:52 Brent Crude futures price is up 0.19% to $58.85, Light Sweet Crude – up 0.13% to $52.88
09:36 Baltic Dry Index is down to 1,898 points
09:18 Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
08:43 Award-winning yachts honored at Cannes - Azimut, Benetti, and Galeon
08:35 MABUX: Bunker Market this morning, Oct 16

2019 October 15

18:37 MOL conducts tabletop drill based on an incident simulation involving containership
18:07 Fincantieri announces delivery of the fourth Royal Princess class ship at the Monfalcone shipyard
17:55 Tatarstan and Gazprom sign action plan for implementation of pilot project on using LNG powered ships
17:36 Keppel delivers fourth jackup rig to Borr Drilling
17:06 Maritime and Port Authority of Singapore revokes Inter-Pacific Petroleum Pte Ltd’s bunker craft operator licence
16:49 Hudson Shipping Lines joins the Trident Alliance as a member
16:26 PGNiG: a new oil and gas discovery in the Norwegian Sea
15:32 Port of Kiel announces conclusion of cruise season with turnover of cruise passengers having grown by 33.6% YoY
15:04 TechnipFMC awarded subsea contract for PetroVietnam Gas’ Nam Con Son 2 Phase 2 Gas pipeline development in Vietnam
14:35 Deltamarin provides RMC with design services for the Tallink ferry project
14:31 Port of HaminaKotka and Steveco jointly constructed pulp terminal in Kotka’s Mussalo Harbour
13:57 Shore power to improve air quality and reduce noise in Port and City of Tallinn
13:20 “Wind Barriers at the Freeport of Riga” project receives Annual Riga Architecture Award
12:54 Krasnoye Sormovo delivers Pola Pelagia, yet another dry cargo carrier of Project RSD59
12:18 Bunker prices are flat at the Far East ports of Russia (graph)
11:55 Khabarovsk Shipyard launched pontoon dock gate for city protection against floods
11:09 Amendments to IMO's Ballast Water Management Convention enter into force on 13 October 2019
10:56 Trade Port Posiet handled 4.4 million tonnes of cargo in 9M’2019, up 4% YoY
10:37 World Maritime University delivered its Maritime Business Integrity and Corruption Awareness Seminar
10:09 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
09:38 Brent Crude futures price is down 0.76% to $58.9, Light Sweet Crude – down 0.67% to $53.23
09:32 MABUX: Bunker market this morning, Oct 15
09:22 Baltic Dry Index is down to 1,916 points
09:14 Jan De Nul helps to boost Mauritania’s iron ore export
08:59 CMA CGM announces FAK rates from Asia to North Africa

2019 October 14

18:06 Neptune Energy acquires North Sea assets from Energean
17:57 Rosatom set to have its plan for development of NSR infrastructure till 2035 to be approved by RF Gov't before year end
17:35 2020 Bulkers enters into a time charter agreement for Bulk Shanghai
17:21 Bronka port to handle cargo of up to 500 tonnes
17:05 CMA CGM announces FAK rates from Asia to the Mediterranean
16:50 Names given to first two super trawlers of Russian Fishery Company
16:35 Sasol invests in first South African-owned chemical tanker through Nduna Maritime
16:05 Norsepower signs service agreement with Wärtsilä to strengthen global wind propulsion service network
15:53 Teekay Corporation announces 3.5-year contract for the Hummingbird Spirit FPSO