DELOPORTS LIMITED sold 100% shares of LLC Novorossiysk Petrotransshipment Complex (NNK) to Gazpromneft Marine Bunker – subsidiary of Gazprom neft. NNK is a port terminal located in the south-west district of Novorossiysk sea port, the Company said Friday in its press release.
Construction of the terminal started in 2010 and it was commissioned in May 2012. In 2013 NNK reached its full project capacity, and in 11 months of 2013 NNK handled over 300 thous. tons of oil products. The terminal infrastructure allows handling of light and dark oil products. NNK works with companies that provide bunkering services in the Russian bunkering market.
DELOPORTS was created in 2012, it consolidates stevedore assets of DELO-GROUP: container, grain terminals and bunkering company TOS. TOS was not included in the perimeter of the transaction and continues to maintain its positions in the Novorossiysk bunkering market. Moreover, NNK and TOS signed a 3-year agreement on cargo handling.
“In 11 months of 2013 NNK represented approximately 7% of DELOPORTS throughput and approximately 3 % in revenues. The sale of the oil products terminal will allow DELOPORTS to focus on its strategic segments – containers and grain handling”, - said Timofey Telyatnik, DELOPORTS CEO.