Commercial Port of Posiet OJSC (Khasan district of Primorsky Territory) is planning to draw a loan at 150 million rubles for a 18-month term at 12% annual interest to fund its business projects. The Port Authority invited banks to bid for a loan contract. The bidding results to be announced in early April.
Port of Posiet is open for as well Russian- as foreign-flagged ships. It has access to the Trans-Siberian line, which allows the import of goods from anywhere in the country. The depths at the berths can accommodate vessels with a draft of up to 9.5 m. Mechel-Trans LLC owns 96.9421% of ordinary shares in Commercial Port of Posiet OJSC. In nine of 2009 the company’s net profit jumped 65.5 percent (under RAS estimates) from the same period last year, up to 287.280 million rubles.
Port of Posiet is open for as well Russian- as foreign-flagged ships. It has access to the Trans-Siberian line, which allows the import of goods from anywhere in the country. The depths at the berths can accommodate vessels with a draft of up to 9.5 m. Mechel-Trans LLC owns 96.9421% of ordinary shares in Commercial Port of Posiet OJSC. In nine of 2009 the company’s net profit jumped 65.5 percent (under RAS estimates) from the same period last year, up to 287.280 million rubles.