St. Petersburg branch of Federal Antimonopoly Service approves increased tariffs for FCT and Petrolesport services

The Office of the Federal Antimonopoly Service in Saint-Petersburg has found no violations of the antimonopoly legislation by First Container Terminal (FCT) or Petrolesport in respect of increased tariffs for their services. According to OFAS, a complaint against the above terminals was filed by a natural person in respect of tariffs for container handling at Big Port St. Petersburg raised in late 2013 and in respect of free storage time reduced from 5 to 4 days.

The analyses showed that the price of services rendered by FCT increased by 11-14%, Petrolesport – by 10-14%, depending on the type of work.

The increased tariffs for handling of containerized cargo at Big Port St. Petersburg by FCT and Petrolesport are stipulated by the growing inflation calculated which is calculated on the basis of consumer price index published by the Federal Service for National Statistics and making 6.5%, as well as by the growing fees for the use of piers leased from Rosmorport (+5% annually without right for appeal) and by increased energy prices (+23.64% on the average).

Reduction of free storage time from 5 to 4 days is objectively based on the storage time dynamics provided by FCT CJSC.

Container terminals FCT and Petrolesport are included into Global Ports Group.