Novorossiysk Commercial Sea Port is Ready to Accept Containerships with the Capacity up to 5,000 TEU
Novorossiysk Commercial Sea Port (RTS: NMTP, MICEX: NMTP, LSE: NCSP) announces the completion of berth reconstruction and dredging of the container terminal of Novoroslesexport (NCSP’s subsidiary). As a result of the reconstruction works, the port can now accommodate unloading and loading of Panamax class containerships with the capacity up to 5,000 TEU. The high intensity of the reloading works(70 moves per hour in total) is provided by two installed STS container reloaders.
The first ship to arrive at the reconstructed berth was the containership “Jean Pieerre A” with a capacity of 1,500 TEU, belonging to the Turkish company “EMES.” Previously the technical characteristics of Novoroslesexport’s berths allowed the company to accommodate containerships with the capacity of maximum 500 TEU.
Reconstruction and modernization of Novoroslesexport container terminal for the unloading and loading of containerships with the capacity of up to 5,000 TEU is a part of the investment program of NCSP which is based on the development and capacity growth with a focus on highly profitable cargo.
NCSP
NCSP operates primarily at the Port of Novorossiysk (the "Port"), a multi-purpose, yearround, deep-water port located on the Russian shore of the Black Sea which has geographic, topographic and infrastructure advantages in comparison to ports and potential port sites in the Black Sea-Azov basin. The Port is Russia's largest sea port in terms of cargo turnover volume according to the Association of Russian Sea Ports, and Europe's fifth largest commercial sea port by cargo volume in 2005, according to Global Insight/ISL.
NCSP is a key Southern gateway for the import and export of a wide range of cargoes to and from the Russian economy (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.
For additional information please contact:
NCSP PJSC
Head of Investor Relations
Alexander Rybin
Tel. + 7 (495) 783-54-34
Rybin@nmtp.info
PR Director
Maria Kakturskaya
Tel. + 7 (495) 783-54-34
Kakturskaya@nmtp.info