2012 November 30 12:34

Neva-Metal handles 177 ships in St. Petersburg

CJSC Neva-Metal, a St. Petersburg-based stevedoring unit of Severstal, from he period of navigation, for the period from May to November handled 177 ships and more than 780,000 tons of export metal products shipped from Cherepovets Metallurgical Plant (a Severstal Russian Steel’s asset, CherMK), the stevedoring company said.

"This year’s navigation season was a lot smoother than last year, with no delays in cargo handling and sending ships thanks to our efficient cooperation with CherMK and performance of transport logistics," said Mikhail Panov, Neva-Metal CEO.

Overall, in the ten-month period, the volume of CherMK ferrous metals, moved by rail and water transport reached 1.5 million tons, up 14% from the same period last year.

The ten-month growth was driven primarily by shipments of general cargo (unitized cargo) - more than 200,000 tons (which accounts for 8% of total throughput), versus 90,000 tons a year earlier, the Company report said. Containerized cargo for the period accounted for more than 27,000 units, or over 39,000 TEUs, which is 29% of the total cargo throughput.

CJSC Neva-Metal is a division of Cherepovetsk Severstal. Neva-Metal specializes in handling ferrous metals exported by Cherepovetsk Severstal, secondary metals from Severstal-Vtormet and containerized cargo at the berths located in the 3rd Cargo Area of Big Port St. Petersburg. Severstal is one of the world’s leading vertically integrated steel and steel related mining companies. With approximately 70,000 employees, Severstal has assets in Russia, the USA, the Ukraine, Latvia, Poland, Italy, Liberia as well as investments in Brazil. Severstal is listed on MICEX/RTS, GDRs are traded on the LSE.