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1.326 mln TEU in 2008

1.326 mln TEU in 2008
In 2008, total throughput of stevedoring companies comprised by Global Ports Investments Plc (GPI), amounted to 1.326 mln TEU and 18.3 million tonnes of other cargoes.

In 2008, total throughput of stevedoring companies comprised by Global Ports Investments Plc (GPI), amounted to 1.326 mln TEU and 18.3 million tonnes of other cargoes.

In 2008, total throughput of stevedoring companies comprised by Global Ports Investments Plc (GPI), amounted to 1.326 mln TEU and 18.3 million tonnes of other cargoes (+22.4% and + 5.5%, year-on-year), the company reports. Throughput of specialized container terminal Petrolesport (St. Petersburg), the second largest container terminal in the North West region of Russia increased by 44.4%, year-on-year, to 532,000 TEU. Specialized ro-ro terminal handled 64,900 units, over 2-fold increase against 2007. The growth in these two segments should be attributed to capital investments in modernization of the container and ro-ro terminals. Additional capacity has been created through re-equipment of facilities for transshipment of metal, timber and other general cargo, which resulted in lower transshipment of scrap metal to 0.9 million tonnes (-25.3%), timber to 0.8 million tonnes (-44.1%), general cargo to 0.02 million tonnes (-20.5%). Transshipment of refrigerated cargo grew by 2.1% to 0.2 million tonnes.

Throughput of container terminal of Moby Dick LLC in Kronshtadt totaled 219,000 TEU (+7.2%).

Finnish terminals of GPI - Multi-Link Terminals Oy located in Helsinki and Kotka handled 175,000 TEU (+25.1%).

In 2008, Vostochnaya Stevedore Company (Vostochny Port), the largest container terminal in the Far East Basin, handled 401,000 TEU (+8%).

Throughput of Vopak E.O.S. (VEOS), the leader of oil products transshipment in the Baltic region, amounted to 15.7 million tonnes (+14.6%).

According to Nikita Mishin, BOD Chairman of GPI, the past year saw fast development of the group"s cargo terminals. In compliance with the development program the company increased throughput of its container terminals by 20%, oil terminals ? by 15%. This growth was achieved mainly due to modernization and development of container and ro-ro terminals of Petrolesport OJSC and more efficient operation of VEOS terminals.

GPI is one of Russia's leading operators of container terminals

Global Ports Investments Ltd (GPI) is one of Russia"s leading operators of container terminals. In 2007, total throughput of GPI companies amounted to 1,083 TEU which is over 30% of total Russian container traffic. The company operates the largest oil products handling terminal in the Baltic with 2007 gross throughput of 13.7 million tonnes of oil products and a 2007 market share of over 30% of all Russian fuel oil exports.

Global Ports Investments Plc (GPI) is a part of N-Trans Group.

GPI"s terminals are located in the Baltic and Far East Basins, key gateways for Russian container imports and exports and Russian fuel oil exports. Substantially all of GPI"s container throughput represents origin and destination business.

GPI"s container terminals businesses comprise Petrolesport in St. Petersburg, the second largest container terminal in the North West region of Russia; VSC, the largest container terminal in the Far East Basin; Moby Dik, St Petersburg"s third largest container terminal; Yanino Logistics Park, currently under construction and expected to be the first multi-purpose inland container logistics complex in the St. Petersburg region; and two sea terminals and five container depots in Finland and Poland. VSC is 25% owned by strategic partner DP World while Moby Dik, Yanino and the Finnish operations are 50% owned by strategic partner Container Finance Oy.

GPI"s oil products handling business is Vopak E.O.S (VEOS), the largest fuel oil terminal in the Baltic region by gross throughput and the only independent terminal of its size in the Baltic that can accommodate Very Large Crude Carrier tankers. VEOS is 50% owned by strategic partner Royal Vopak NV.

www.TurkishMaritime.com.tr

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