Investments in development of First Container Terminal totaled $230 mln throughout 10 years
During a 10-year period, investments into the development of first Container terminal totaled $230 million. Within 10 years FCT handled 5.9 mln TEU, which makes 35% of Russia’s total container throughput (all Russian ports handled 17 mln TEU during the same period), the cm informs. In December 2008 FCT plans to handle its millionth container of the year. The company’s approved investment program envisages expansion of the terminal’s capacity to 1.6 mln TEU by 2012.
First Container Terminal (FCT) was founded in the 3rd cargo district of the Sea Port of Saint-Petersburg in October, 1998 for the purpose of modernization and operation of the container terminal as a stevedoring company specialized in container handling. In 2002 FCTentered National Container Company. Today FCT is the leader among the companies handling container cargoes in Russia and in the region of the Baltic Sea.
World leading shipping lines call at FCT on a regular weekly basis: Maersk Line, MSC, CMA CGM, OOCL, Unifeeder, FESCO ESF, Swan Container Line, Team Lines. Availability of highly-developed feeder service with transshipment ports in Western Europe provides the cargo owners with the service of the deep-sea carriers, who do not have direct calls at FCT.
National Container Company (NCC) is the leading Russian operator of container terminals. It holds leading position at the market of stevedoring services. NCC is owned in equal shares by First Quantum and FESCO transport group (FESCO’s control stock is owned by Industrial Investors Group). NCC assets include:
- First Container Terminal (port of St. Petersburg, leader at the market of container cargo transshipment in Russia, CIS and Baltic countries, capacity - 1 million TEU per year with a perspective expansion to 1.6 million TEU per year);
- Nodal Transporting and Forwarding Company of Novorossiysk (NUTEP, port of Novorossiysk, current capacity of 130 thou TEU with a perspective expansion to 750 thou TEU);
- Iljichevsk container terminal (Ukraine, current capacity of 450 thou TEU with a perspective expansion to 4 million TEU);
- Baltic Container Terminal in Ust-Luga (design capacity of up to 6 million TEU). It’s a large-scale project on construction of a container terminal to be implemented within the framework of a Public-Private Partnership. It is part of a group of projects aimed at construction of a multifunctional port at the mouth of the Luga-river;
- land-based logistics center and container terminal Shushary (Leningrad region) with a design capacity of up to 400 thou TEU per year at the territory of 92 hectares.