• 2016 December 8 14:22

    Long-term cargo base contracts ensure investments into port and railway infrastructure – expert

    Long-run cargo base is a key factor for investments into port and railway infrastructure, IAA PortNews correspondent cites Irina Olkhovskaya, Director on Long-Term Development and Interaction with Federal Authorities, Port Management Company LLC, as saying at the Transport Service Market conference in Moscow. 

    “Key tasks of Russian shippers amid the difficult situation of today is not only maintaining their positions in the global markets but also the expansion of their international sales market to increase Russia’s export potential,” said the speaker.

    To ensure competitiveness of Russian companies in the international market it is necessary to synchronize investment processes in port and transport industries. 

    Irina Olkhovskaya believes long payback period of large scale investment projects and the scope of investments should be taken into consideration: “The best way to synchronize investment processes aimed at expansion of Russia’s rail and port infrastructure capacity is to ensure long-term cargo base for which this infrastructure is developed”.

    Signing of 5-7 – year contracts between shippers and developing ports is a standard instrument applied worldwide. With such long-term contracts an investment process can be planned as the ensured cargo base is a guaranteed mechanism for attracting investments into the port industry. 

    According to Irina Olkhovskaya, Vostochny Port’s Phase 3 is a good example of successful cooperation between a seaport and a railway. The facility is to be put into operation in 2017. The project presented to RF Prime Minister Dmitry Medvedev during the Transport Week – 2016 in Moscow was highly appraised by head of RF Government. 

    Port Management Company was set up in 2008. From 2009 the company controls the operation of Vostochny Port JSC. Over this period, Vostochny Port’s throughput surged by 58% to 22.8 mln t in 2015. In 2010-2015, the company held optimization of production processes and implemented the programme on modernization of equipment. Rosterminalugol JSC fell under control of Port Management Company in 2016. In 2015 Rosterminalugol handled 17.5 mln t of coal, a record-high result of the company. Port Management Company is headquartered in Moscow. 

    Vostochny Port JSC (Vrangel Bay, Primorsky Territory, Far East) is Russia’s largest publicly available terminal equipped with cutting-edge equipment: tandem wagon dumpers, conveyor systems, stackers, reclaimers, ship loading conveyors, a defrosting system for 80 railcars and a unique multilevel system of magnetic separation. Highly efficient systems of water treatment, dust suppression and wind barrier installed at the terminal ensure the protection of the Vrangel Bay environment.

    In 2015 the port handled 22.8 mln t of coal, one fifth of all coal exports via Russian seaports and about 32% of coal transshipment via the ports of Russia’s Far East Basin. The coal is exported to APR, India and Latin America. 

    Vostochny Port JSC is implementing an ambitious investment project on construction of the coal terminal’s Phase 3. New terminal facilities will be put into operation in 2017 allowing for port capacity to reach 39 mln t in 2019. The project is financed exclusively by private investor, without involving any state resources. Investments into the project make RUB 27 bln including RUB 5 bln for railway infrastructure facilities. The cargo base is entirely ensured by Russian coal produced in Kuzbass and other coal fields of Russia.

    A sole executive body of Vostochny Port JSC is Port Management Company LLC.

    Related link:

    Dmitry Medvedev wished success in implementation of Vostochny Port’s Phase 3 project (photo) >>>>




2024 March 2

15:29 SolarDuck and its two partners ink collaboration agreement for a grid-scale offshore hybrid wind-solar project in Italy
13:41 Port of LA awards $1.5M in community investment grants for FY2023/24
11:18 Canadian Coast Guard issues fine for a hazardous vessel
09:37 IAA PortNews’ top headlines, Week 09

2024 March 1

18:00 Altera Infrastructure announces strategic divestment of ALP Maritime Services
17:31 Yangzijiang Shipbuilding books $7.1 billion of newbuilds in 2023
17:14 Sanmar starts construction of the world’s first methanol-fuelled escort tugs
16:41 The Green Award welcomes 8 New Japanese ports
16:05 HAV Group signs contract for design of Lavik-Oppedal ferries
15:52 KOTUG acquires joint venture interest in Kotug Seabulk Maritime
15:14 Equinor's Empire Wind 1 and Orsted's Sunrise Wind secure contracts in New York’s offshore wind projects
14:23 Fujairah bunker sales rise to five-month high in January 2024
13:51 Russia exported more than 700,000 metric tons of oil products from the Black Sea port of Novorossiisk in 2023 using small river barges
13:24 APM Terminals announces maiden call of Nordics only direct service to South America
12:56 Hapag-Lloyd increases rates from North Europe to India, Pakistan, Red Sea and Arabian Gulf
12:21 Ankara’s Port Başkent OIZ Eti Logistics Ankara Intermodal Terminal starts operations
11:42 European Commission makes €1bn available for recharging and refuelling points
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10:41 Karish North and second gas export riser online and new GSPA signed
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2024 February 29

18:02 Gentari partners with SEDC Energy for Sarawak H2 hub
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17:12 BV research confirms central role of operational and energy efficiency in meeting shipping’s 2050 carbon budget
16:42 President Vladimir Putin encourages foreign companies to actively use the opportunities of the NSR
16:14 MABUX: Bunker Weekly Outlook, Week 09, 2024
15:56 President Putin calls for upgrading the country’s inland waterways core infrastructure
15:24 The Bollore Group and the CMA CGM Group announce the successful sale of Bollore Logistics to CMA CGM
14:41 CMA CGM resumes operations in the Red Sea
14:09 TotalEnergies to supply Sembcorp with 0.8 Mtpa of LNG for 16 years
13:44 MOL and Idemitsu Kosan to launch demonstration test of recycling used plastics generated aboard VLCC
13:22 Six Arctic expeditions on the 50 Let Pobedy nuclear icebreaker planned for 2024
13:15 NYK Group acquires UK-based delivery platform business for e-commerce operators
13:07 President Vladimir Putin: Russia intends to build effective logistics corridors with friendly countries
12:51 TECO 2030 and Umoe Mandal receives preliminary approval for high-speed vessel design
12:14 ClassNK has awarded AiP for the design of a multi-functional floating offshore windfarm support vessel
11:30 Port Houston container volumes up 4% to 332,961 TEUs in Jan 2024
11:10 Swedbank adopts Poseidon Principles for carbon footprint reporting of shipping portfolio
10:42 Authorities give Conoco Phillips permission to launch Eldfisk nord in the North Sea
10:24 LNG dual-fuel BYD Explorer No.1 visits Bremerhaven for the first time
09:47 DeepOcean to inspect pipelines for Equinor

2024 February 28

18:07 Fratelli Cosulich takes delivery of second LNG bunkering vessel
17:44 Idemitsu, Mitsubishi and Proman join forces to develop a clean ammonia project in the United States
17:13 CULines and IAL to launch a new South China – Vietnam – Thailand service SCT2 in March
16:47 Saudi container line Folk Maritime launched
16:25 China's shipbuilding industry grows in 2023 under US sanctions
15:58 Japan, China, and Greece retain global leadership in shipowning
15:32 Jumbo Shipping, SAL Heavy Lift and Intermarine join forces in new commercial joint venture
14:58 Port of Hamburg handled a total of 114.3 million tonnes of goods in 2023
14:23 SITC launches new "Weifang-Japan" service with successful maiden voyage
13:48 Pier 400 in the port of Los Angeles upgrades its terminal operations fleet
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10:46 MOL's ammonia bunkering vessel receives AiP from Bureau Veritas

2024 February 27

18:07 Serco named preferred supplier for Vard Marine's naval modernization project
17:45 Ascenz Marorka’s mother company acquires Danish VPS
17:22 Majestic Fast Ferry has commissioned Incat Crowther to design a new second generation 39-metre passenger ferry
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16:24 Wartsila introduces Ammonia Fuel Supply System to ease shipping’s transition to ammonia fuel
15:54 Piraeus Port Authority and Guangzhou Port Group sign MoU
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14:40 Stena Evolution and Shell team up for innovative deepwater drilling project in the Gulf of Mexico
14:23 OOCL adds the eight eco-friendly 24,188 TEU ship
13:40 Port of Tanjung Pelepas completes first LNG bunkering operation
13:02 HD Korea Shipbuilding wins $267.8 mln order for 2 car carriers
12:45 Wallenius Wilhelmsen declares options for four additional Shaper Class vessels
12:09 Consortium of MOL, ITOCHU Corporation, HIF Asia Pacific and JFE Steel Corporation to pioneer synthetic fuel supply chain and CO2 marine transport initiative
11:42 CMA CGM, COSCO SHIPPING, Evergreen and OOCL to extend OCEAN Alliance until 2032
11:18 The 7th Hydraulic Engineering Structures and Dredging Congress kicks off in Moscow
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