OAO Gazprombank has provided to JSC Port Vanino a Facility in the amount of RUB 13.4 billion (about $ 410,964,600), the port operator said in a press release.
Besides, Sedmino Investments Limited and Opern Trade Limited provided to Port Vanino loans in the amount of RUB 4,335 bn, each. The stevedoring company also raised loans of the same amount from Port Vanino Finance LLC.
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 Russian Government holds a 55-percent stake in the company. The port is a gateway for trade flows between Russia and Japan, South Korea, China, Australia, USA and other countries of Asia Pacific Region. Vanino also handles imports shipped to the northern regions of Russia. The Port Vanino owns the 2.5-km-long quay wall 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.