Novorossiysk Commercial Sea Port Included in Bear Stearns Focus List
Novorossiysk Commercial Sea Port (“NCSP”), Russia's largest commercial port in terms of cargo turnover, has been included in Bear Stearns' Focus List (list of companies that Bear Stearns considers to be the most attractive investment targets).
NCSP was included to Focus list together with Gazprom. Before that the other largest Russian companies had included in the Focus List such as Sberbank, Evraz, MTS, and Severstal-Auto.
About NCSP
Novorossiysk Commercial Sea Port
NCSP operates primarily at the Port of Novorossiysk (the "Port"), a multi-purpose, year-round, deep-water port located on the Russian shore of the Black Sea which has geographic, topographic and infrastructure advantages in comparison to other existing ports and potential port sites in the Black Sea-Azov Basin. Novorossiysk Port is Russia's largest sea port in terms of cargo turnover according to the Association of Russian Sea Ports, and Europe's fifth largest commercial sea port by cargo volume, according to Global Insight/ISL.
NCSP is Russia's main southern gateway for import and export of a wide range of cargoes (including oil, oil products, timber, grain, fertilizers, ferrous metals, containers, automobiles and general cargo). NCSP handles approximately 20% by volume of cargoes shipped through Russian sea ports, according to the Association of Russian Sea Ports.
During 2006, NCSP consolidated its shareholdings in the majority of other operators and stevedores in the Port. In addition to its stevedore operations at the Port, NCSP operates a fleet for bunkerage and towing services at Novorossiysk and owns a large ship repair yard and operates a stevedoring company in Baltiysk on the Baltic Sea.
For further information please contact:
NCSP
Maria Kakturskaya
Tel. +7(495) 783 54 34
kakturskaya@nmtp.info
Mikhailov & Partners, Moscow
Alexei Ryabinkin, Alexei Yudin
Tel. + 7 (495) 956 39 72
NCSP@m-p.ru