Tag: Russia

A leading terminal operator in Russia and the Baltic States Russian ports operator Global Ports may begin pre-marketing of an IPO next week, Reuters reports citing unnamed sources close to the Group.The company is 90% owned by N-Trans, the majority shareholder in publicly traded freight operator GlobalTrans Investment (GLTRq.L).Global Ports Investments Plc. is a leading terminal operator in Russia and the Baltic States, handling major volume of containers and petroleum products. The Group is owned by N-Trans, the largest Russian private transportation and infrastructure group. Located in the Baltic and Far East basins, GPI's terminals enable Russia's import / export of containers and petroleum products.GPI operates three container port facilities in Russia (including Petrolesport and Moby Dick Co Ltd. in St. Petersburg and VSC in Nakhodka), two container terminals in Finland and Vopak E.O.S., the major Baltic petroleum products terminal. Besides, the Group is currently developing the project of Yanino terminal in St. Petersburg region.Source: Port News

Interest rate subsidies and other financial measures Russia will prepare a law to support shipbuilding industry in Far East by next week, Vice Prime Minister Sergey Ivanov said Sunday while inspecting the construction of maritime terminal on Kunashir Island.According to the RIA Novosti report, the document will include a number of measures aimed at economical support of the sector, among them interest rate subsidies and other financial measures.Besides, the law will make provisions for measures aimed at ship owner's advantages in building ships at domestic shipyards.Meanwhile, Ivanov also said geothermal energy development is necessary for the region."We need to develop geothermal stations. New stations have to be built here," Invanov said at a conference on the islands on "Social and Economic Development of the Kuril Islands 2007-2015" under Russia's Federal Target Program.Ivanov noted that the main purpose of his visit to the Islands is to check the progress on the federal target program for Russia's Far East, with an aim to tackle three major problems of the region -- transport infrastructure, energy and social services.The financing for the program will amount to 15 billion rubles (0.54 billion U.S. dollars) till 2015, which will not be affected despite the financial crisis.Ivanov ...

Continue implementing the federal rescue fleet upgrade program in 2011 Russian government will continue implementing the federal rescue fleet upgrade program in 2011, Russian Transport Minister Igor Levitin said on Friday, speaking at the Ministry Board, PortNews reports."Last year, ship owners funded the construction of 15 merchant vessels, there were also 9 rescue vessels built through the federal budget. In 2011, we plan to put into service the same number," Mr. Levitin said.The Federal Agency of Maritime and River Transport of Russian Transport Ministry (Rosmorrechflot) has scheduled the launch of 6 Russian salvage ships of new generation for June.The vessels are being constructed at three Russian shipyards: JSC Nizhny Novgorod MV Plant, JSC Nevsky Shipbuilding, Ship Repair Plant LLC and JSC Yaroslavsky Shipbuilding Plant.Source: Portnews