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2012 April 23   14:43

Antitrust watchdog OKs SUEK’s port deal

Russian Federal Antimonopoly Service (FAS) has allowed Siberian Coal Energy Company (SUEK) to acquire a 25.08% stake in OJSC Murmansk Commercial Seaport (MMTP, MCS), the agency said Monday.


The SUEK’s port deal was implemented in line with the Russian Govt’s privatization plan intended for the 2011-2013 period. According to the plan in the next two years the government will sell a 20-percent stake in PJSC "NCSP", 25.49% of shares of OJSC Murmansk Commercial Seaport, a 100-percent state-owned stake in SG-Trans, the largest rail carrier of LNG, 25% of shares of Moscow River Shipping Company and a 55-percent stake in Vanino Commercial Sea Port.


OJSC Murmansk Commercial Seaport was founded in 1994. The company operates 17 berths of total length of about 3 km. The waters depths allow the port to accommodate vessels with draft of 15.5 m and length of more than 265 m. The stevedore specializes in handling ranged cargoes, including non-ferrous metals and alloys in packages, rolled ferrous metals, coal, apatite concentrate, alumina, scrap metals, iron ore pellets in bulk, chemical products in bags and big-bags, construction materials and foodstuff. In 2011, net income of Murmansk Commercial Seaport fell 30.2% year-over-year to RUB 138,534,000, revenue – by 3.7% to RUB 1,403,254,000, cargo throughput totaled 14,420,033 tons.

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