Novorossiysk Commercial Sea Port completes new bunkerage and fuel transfer complex
Novorossiysk, 01 October 2007
• Novorossiysk Commercial Sea Port completes construction of key new bunkerage and fuel transfer operations
• The new facilities, part of the OJSC Importpischeprom liquid-cargo stevedore operations, are now fully operational
• The complex adds projected annual capacity to handle up to 600,000 tonnes of fuel oil and 48,000 tonnes of diesel fuel to the port’s overall capacity
PJSC Novorossiysk Commercial Sea Port (“NCSP”), the largest multi-cargo deep-water sea port operator in Russia in terms of volume of cargo operations, is pleased to announce the completion of the construction of a specialized bunkerage and fuel transfer complex at the liquid cargo handling complex OJSC Importpischeprom (“IPP”), a subsidiary of NCSP.
Construction of the complex started in May 2006 at IPP’s liquid-cargo stevedore operations and at Wharf No. 5 of NCSP’s port complex, which IPP has secured use of for its operations. The complex has now been completed and is fully operational.
Development and construction of the new complex is part of NCSP's ongoing $700 million investment programme to upgrade facilities and increase capacity at the port.
The new complex includes two new reservoirs for fuel oil storage each with a volume of 5,000 cubic metres, one new reservoir for diesel oil storage with a volume of 1,000 cubic metres and a new loading jetty. The new complex adds annual capacity to handle up to 600,000 tonnes of fuel oil and 48,000 tonnes of diesel fuel to the port’s overall operations.
Information about the company:
NCSP is the largest commercial sea port operator in Russia in terms of volume of cargo operations according to Global Insight/ISL. Its operations are primarily at the Port of Novorossiysk, 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 handles approximately 20% by volume of cargoes shipped through Russian sea ports according to the Association of Russian Sea Ports.
IPP is a subsidiary of NCSP and the operator of a high-speed complex for shipment of liquid cargoes.
NCSP is a key Southern gateway for the import and export of a wide range of cargoes to and from the fast growing Russian economy (including oil, oil products, timber, grain, fertilizers, ferrous metals, containers, automobiles and general cargo) and is one of the major access points into the Krasnodar region.
NCSP recently consolidated its shareholdings in the majority of other operators and stevedores, including IPP, in the Port of Novorossiysk.
In addition to its stevedore operations at the Port of Novorossiysk, NCSP operates a fleet at Novorossiysk for bunkerage and towing, maintains the largest ship repair yard in the Southern basin and operates a stevedoring company in Baltiysk in Kaliningrad.
For further information please contact:
PJSC “NCSP”
Elena Makasheva
PR-manager
Tel. +7(495) 783-54-41
makasheva@nmtp.info
PJSC “IPP”
Anastasia Bardakhchieva
Tel. +7 (8617) 266 108
Fax +7 (8617) 266 113
Mob. +7 (8617) 65 05 02
ABardakchieva@novipp.ru
College Hill Associates, London
Simon Whitehead/Tony Friend
Tel. +44(0)20 7457 2020
Simon.Whitehead@collegehill.com
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