NCSP CEO Rado Antolovic said: “NCSP Group pays great attention to ensuring appropriate and correct use of contemporary fire safety systems, which enables us to significantly improve the operational safety of our facilities.
“The project was designed to enable the continued safe operations of the Sheskharis Oil Terminal. Moreover, it takes into account the climatic conditions of the facility, as well as the construction and operational characteristics of the site.”
The above ground pipeline sections of the fire fighting system will be replaced as part of the project. The below ground pipeline sections, in turn, will be removed at the base of the pier and directed through the existing aerial crossing.
At berth #1 the fire extinguishing system pipelines, water ring and sea water and foam feed lines to the monitors are to be replaced. The new monitors will be more modern versions than the existing ones. The dampers will be installed instead of air valves on the comb of the pier and dock. The sprayer systems on the piers will be updated.
"We have already completed a tender and signed a contract with CJSC KMUS-2. The technical modernization of the system is planned to be completed by the end of January 2013.
“We plan for the cost of day-to-day operations and for our ability to provide full-scale servicing of vessels at the Sheskharis Oil Terminal to remain unchanged during the course of the project,” added Rado Antolovic.
About NCSP Group
NCSP Group is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC “NCSP” belong to Novoport Holding Ltd, the beneficial owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS in 2011 totaled $1 049 million and EBITDA of $550 million. NCSP Group combines the following stevedore companies: OJSC “Novorossiysk Commercial Sea Port”, Primorsk Oil Terminal Ltd (since 2011), PJSC “Novorossiysk Grain Terminal”, OJSC “Novorossiysk Ship Repair Yard”, PJSC “NCSP Fleet”, OJSC “NLE”, OJSC “IPP”, and Baltic Stevedore Company Ltd.
For more information contact:
Public relations: M.Sidorov@nmtp.info; ksenko@ncsp.com;;
Investor relations: IR@nmtp.info