• Home
  • News
  • Rostec (Russia) and Shenhua (China) sign memorandum on construction of coal terminal Port Vera in Primorje
  • 2014 September 5 13:22

    Rostec (Russia) and Shenhua (China) sign memorandum on construction of coal terminal Port Vera in Primorje

    On September 4, 2014, Russian State Corporation Rostec and Chinese Corporation Shenhua signed a memorandum on beginning of operations for joint development of Ogodzhinsky coal field in the Amur Region and construction of Port Vera, a coal marine terminal, in the Primorsk Territory, Rostec says in its press release.

    “Partnership with Shenhua corporation is a part of integrated efforts to expand Russian energy footprint in the Asia-Pacific Region. Total investments into the projects are to make some $8-10 bln. Implementation of these projects – development of Ogodzhinsky coal field and construction of Port Vera terminal as well as generation facilities – will let extend tax base of the Primorsk Territory and the Amur Region. It will also generate some 10,000 new jobs and up to 30,000 jobs in related and associated industries,” head of Rostec Sergei Chemezov said.

    Comprehensive development of Ogodzhinsky coal field implies the creation of coal production and preparation facilities, development of social and transport infrastructure. High-energy coal is to be exported to the Asia-Pacific Region, primarily to China.  At the next phase Rostec is going to build generating facilities and HV power lines to export energy to China.

    On June 4, RT Global Resources closed a deal to enter into a project to build Port Vera, and it will act as the lead coordinator of the project.

    The Port Vera coal sea transshipment terminal is planned to be constructed in the vicinity of Mys Otkrytyi, Primorsky Krai, in an ice-free area. It is designed for vessels with a displacement tonnage of 40,000-150,000 t. The cargo turn-over of the port is anticipated to be 20 mln t per year. A land plot of 826 hectares has already been set aside for the construction of the terminal.

    The project has been coordinated with all state agencies. Technical specifications have been received to reinforce the railway infrastructure to support the shipment of 20 mln t of coal per year. The port facilities are in the final stage of being designed. Construction is set to begin in 2015. Total investments into construction of Port Vera are estimated at $1 bln. The terminal is to be put into operation in 2018-2019. The project will allow for ensuring the long-term supply of coal for both domestic consumers in the Far East as well as foreign partners in the Pacific Region. It will greatly expand the access of Russian coal companies to sales markets in the Asia-Pacific region. 

    The Gerbikano-Ogodzhinsky coal district is located in the Amur Region. Its total reserves of power-generating coal are estimated at 1.6 billion tons. The estimated investments needed to implement the project are USD 5 billion. As a result of implementing the project, by 2019 it is anticipated that 30 million tons of power-generating coal will be produced per year. This will allow for creating a modern mineral resource cluster, the statement says.

    Rostec and Shenhua are to make a working group to solve technical issues and coordinate the activities of the parties including the work of design centers in China and in Russia which are to perform feasibility study for both projects.

    Then negotiations will start to set up joint ventures and approve further activities under projects implementation.

    ROSTEC is a Russian industrial company consisting of 663 organizations, which also includes 22 direct management companies and 13 holding companies, five of which specialise in the manufacture of civilian products, and eight, in the manufacture of products for the military and industrial sectors. Rostec organizations are located in 60 regions of the Russian Federation. Company products are delivered to markets in more than 70 countries. In 2013, the Company’s revenue totaled RUB 1.04 trillion, net profit – RUB 40 billion. ROSTEC’s allocations to all budgets exceeded RUB 138 billion.

    Shenhua Group Corporation is a leading state-owned mining and energy company in China. It is the largest coal-producing company in the world. Its main business includes production and sales of coal, railway and port transportation of coal-related materials, as well as power generation and sales. Shenhua is headquartered in Beijing. The personnel of Shenhua numbers over 211,000 employees. The company's total assets make about $150 bln. In 2013, operating profit totaled $15 bln.




2021 December 2

18:36 NRP buys handysize drybulk carrier
18:06 2M Alliance’s Far East liner service „AE 7/Condor“ calls at Hamburg again
17:54 Icebreaker assistance season starts in Big Port St. Petersburg on December 7
17:36 Vitol is first customer to approve completely digital inspection of cargo tanks
17:15 BIMCO launches new contract for employment of security escort vessels
16:45 GTT will design the tanks of four new LNG carriers ordered by Daewoo Shipbuilding & Marine Engineering to operate in Arctic waters
16:25 MOL announces delivery of next-generation coal carrier 'EeneX' series
16:05 PSA & ONE launch environmentally friendly barge service at Jurong Island Terminal
15:42 “K” Line conducts trial use of marine biofuel for decarbonization on car carrier
15:38 Wärtsilä wins order to supply cargo handling system for second LNG bunker vessel being built by Fincantieri Bay Shipbuilding
15:23 Verifavia launches industry’s first real-time carbon intensity indicator dashboard
14:55 Two more LK-60 icebreakers needed for regular year-round navigation on Northern Sea Route
14:28 Equinor and SSE reach financial close on the third phase of the world's biggest offshore wind farm
14:04 Nuclear-powered icebreaker Sibir to commence operation in Kara Sea in early January 2022 – Vyacheslav Ruksha
13:42 MABUX: Bunker Weekly Outlook, Week 48, 2021
13:02 European shipowners call for further action in the Gulf of Guinea
12:40 Rolls-Royce to supply eight mtu engines for new Svitzer tugs in Brazil
12:01 Throughput of Azov port in 11M’2021 climbed by 1% YoY
12:00 NORDEN simplifies business unit structure
11:36 Norway’s Eksfin tops NOK 10bn in offshore wind financing as Dogger Bank C reaches financial close
11:34 Annual throughput of Severnaya Zvezda project on Taimyr peninsula to exceed 7 million tonnes from 2026
11:10 MABUX: Uncertainty on Global bunker market to continue on Dec 02
10:00 Digital Twin Conference 2022 to be held virtually on 11-12 May 2022
09:33 Crude oil prices are rising in expectation of OPEC+ meeting
09:19 Baltic Dry Index as of December 1

2021 December 1

19:15 PortNews to hold Ship Repair, Modernization and Components Conference on 20 September 2022 in Saint-Petersburg
18:31 DP World celebrates 2,000 members of the Digital Freight Alliance
18:07 CMA CGM and Shell perform first Bio-LNG bunkering operation in Rotterdam
17:42 8 new fuel-efficient ships to join the X-Press Feeders fleet
17:26 Danish Smyril Lines Cargo starts second service between Iceland, the Faroe Islands and Rotterdam
17:06 Port of Antwerp invests in digitalisation of radar infrastructure
16:47 Western Australia and Port of Rotterdam to collaborate on renewable hydrogen
16:05 IMO moves ahead on GHG emissions, Black Carbon and marine litter
15:50 Diana Shipping announces completion of OceanPal spin-off
15:41 RF Federation Council approves Federal Law on Ratification of Nairobi Convention
15:04 Yang Ming adds the latest of its 9th 11,000 TEU ship to the Trans-Pacific service
14:07 SEA-LNG backs Europe’s goal-based, technology-neutral regulation for cleaner shipping
13:50 Liepaja SEZ Board appointed Uldis Hmieļevskis, Deputy CEO, as Acting Manager
13:14 Rolls-Royce extends TBO intervals of mtu Series 4000 engines for commercial marine application
13:03 Oil shipments via CPC Marine Terminal in 11M’21 climbed by 0.7% YoY
12:56 Valenciaport tenders the drafting of the urban development project for areas 2 and 5 of the Special Plan for zone 1 south of the Port of València
12:06 Mostotrest conducted 2,177 operations on raising bridges in Saint-Petersburg over navigation season of 2021
11:45 MABUX: Bunker prices may continue to decline on Dec 1
10:49 Russian Railways' network loading climbed by 3.3% in 11M’2021
10:15 Maersk Customs Services USA highlights trends and opportunities for U.S. importers
09:51 Port of Kiel receives funding for digital test field
09:30 Crude oil prices start rising
09:16 Baltic Dry Index as of November 30

2021 November 30

18:35 ICS urges WTO Director General to prioritise maritime transport in multilateral trade negotiations
18:14 First phase of Tuas Port reclamation works completes
17:53 Finnlines announces bunker surcharge for Malmö-Travemünde-Malmö
17:35 HDB, JTC and MPA, which issue over two-thirds of government invoices, offer e-invoicing through IMDA’s InvoiceNow
17:04 DNV supports world first large-scale testing of submerged CO2 pipelines
16:48 RF Navy’s large anti-submarine ship Vice Admiral Kulakov enters Barents Sea
16:34 Brittany Ferries takes delivery of Salamanca
16:04 Port of Oakland total cargo volume down 20 percent in October 2021
15:50 RF Navy's corvette Gremyashchy and two submarines of Varshavyanka project welcomed in Vladivostok
15:39 Abbey Heimensen appointed to VP of Marketing, MarineMax
15:34 The Port of Barcelona validates its Innovation Plan
15:19 Icebreaker Sibir of Project 22220 completed main part of shipbuilder’s sea trials