Novorossiysk Commercial Sea Port renovates Baltiisk Port equipment
OAO Novorossiysk Commercial Sea Port (LSE: NCSP, RTS: NMTP, MICEX: NMTP) announces that OOO Baltiisk Stevedore Company (an NCSP subsidiary) has acquired two new Liebherr LHM400 harbor cranes worth more than 5 million euros. This is the first time Baltiisk Port has acquired equipment of this caliber and there is no similar equipment at ports in Kaliningrad region. The cranes have already been delivered.
OOO Baltiisk Stevedore Company General Director Sultan Batov said: “The new equipment is being purchased under a comprehensive investment program to modernize and expand port capacity with the aim of more than tripling the capacity of the container terminal from 80,000 TEU a year at present to 300,000 TEU a year".
The Liebherr LHM400 is a universal mobile wheeled harbor crane. The crane has lifting capacity of 104 tonnes and a boom of 48 meters, enabling it to handle very large ships up to Post-Panamax class. Both cranes are equipped with an automatic spreader for 20- and 40-foot containers. The modern design and mechanisms provide high efficiency of loading and unloading work - up to 16 operations per hour. The container spreader can be replaced with other mechanisms if necessary to process all kinds of cargo.
The improved chassis provides greater maneuverability in a limited space and reduces pressure on the dock. This makes it possible to use the new cranes where it is impossible to install heavy rail loader, which does not involve further modernization or reinforcement of the dock.
According to the Association of Sea Ports, OAO NCSP (OAO Novorossiisk CommercialSea Port) is the largest Russian port operator in terms of cargo turnover. OAO NCSP cargo turnover based on consolidated reports for 2007 totaled 79.4 million tonnes. OAO NCSP is traded on the London Stock Exchange and Russia’s RTS and MICEX. OAO NCSP earnings to IFRS for 2007 totaled $483.4 million, EBITDA totaled $227.9 million, and net profit totaled $93.7 million (according to consolidated financial reports).
OAO NCSP is the largest stevedoring company operating at Novorossiisk, a deepwater ice-free multi-product port on the Black Sea that is essentially Russia’s southern sea gates for the export and import of a broad spectrum of cargo (including oil, petroleum products, timber, grain, fertilizers, ferrous metals, containers, automobiles, and other products). OAO NCSP handled about 96% of the cargo at Novorossiisk port in 2007.
OAO NCSP includes the following stevedoring companies: OAO Novorossiisk Grain Terminal, OAO Novorossiisk Shipyard, OAO NCSP Fleet, OAO Novoroslesexport, OAO IPP, and OOO Baltic Stevedoring Company.