FAS allows SUEK to bid for Port Vanino state-owned stake
Russian Federal Antimonopoly Service (FAS) has allowed Siberian Coal Energy Company" (SUEK) to participate in an action for the purchase of a 100-percent state-owned stake in Vanino Commercial Sea Port, the FAS press release said.
Previously, the Russian antitrust agency had given green light to other bidders for Port Vanino stake: JSC Port Invest and JSC Sea Port Saint-Petersburg (a subsidiary of Vladimir Lisin’s UCL.), Siberian Anthracite.
About Port Vanino
JSC Vanino Commercial Sea Port (Port Vanino) is the major stevedore company of the Port of Vanino based in Khabarovsk Territory. The company is a successor of the Vanino port founded in 1943. The Port Vanino owns the 2.5-km-long waterfront featuring multipurpose and specialized terminals, 16 berths, outdoor / indoor warehouses and handling equipment. The berths depth enables the port to accommodate 45,000dwt vessels. The company also operates a fleet of workboats, tugs, carrying out mooring operations, transporting passengers and supplying merchant ships with water. In 2011, cargo throughput at Port Vanino terminals fell 1.7% to 5.9 million tons. In 2011, Port Vanino reported net income of RUB 339.4 million, a 3.9-times growth year-over-year.