Billions of dollars to be poured into Russian ports

According to the Russian ports organisation ASOP, more than USD two billion will be invested in ro-ro and container handling facilities in the Russian Baltic ports over the next four years. The aim is to challenge Finnish and Baltic States ports that today handles a large amount of the Russian seaborne cargo flow. The container throughput in Russian ports is relatively small today, with St Petersburg handling about 1.7 million TEU (2007), more than half of the total Russian port throughput (about 3 million TEU 2007). According to Lloyd’s List, about 90 per cent of all Russian investments in ports are made by private investors.