Novorossiysk Commercial Sea Port BoD to consider draft project for Sheskharis reconstruction on November 7

The Board of Directors of Novorossiysk Commercial Sea Port will consider the draft project for reconstruction of oil district Sheskharis on November 7, 2013, the company announced. Besides, the meeting is to consider the transaction of interest. No details have been disclosed.

Novorossiysk Commercial Sea Port (NCSP Group) is Russia’s largest port operator in terms of cargo turnover. 50.1% shares of NCSP belong to Novoport Holding Ltd, the beneficial owners of which are OJSC Transneft and Summa Group. The Group comprises the following stevedoring companies: Novorossiysk Commercial Sea Port OJSC, Primorsk Commercial Port, Novorossiysk Grain Terminal OJSC, Novorossiysk Ship Repair Yard OJSC, NCSP Fleet OJSC, Novoroslesexport OJSC, IPP OJSC, Baltic Stevedore Company LLC and SFP CJSC. In 2012, the Group’s throughput gained 1.2% to 158.9 mln tonnes.