The Board of Directors of Novorossiysk Commercial Sea Port (NCSP) on April 7th elected Mr. Ziyavudin Magomedov the Chairman of the Board of Directors, the company's press release said.
The new Chairman commenting on the Board’s decision noted that NCSP Group had started this year with the largest and promising transaction in its history (merger of NCSP and Primorsky Trade Port). "The shareholders that have joined the company are committed to actively develop the business and increase its efficiency. I am sure that the Board of Directors and the management will be able to implement the Group's new opportunities, and stand up to the expectations of the shareholders who supported the merger of the two largest and the fastest growing ports in Russia».
PJSC Novorossiysk Commercial Sea Port rankes the largest Russian stevedore company and number 3 operator in Europe in terms of cargo throughput. NCSP Group incorporates: PJSC Novorossiysk Commercial Sea Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, Baltic Stevedoring Company Ltd, and Primorsk Trade Port (since 2011).