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Upgrade of OJSC Petrolesport's Dedicated Ferry Terminal Substantially Completed

OJSC Petrolesport ("Petrolesport" or "PLP"), a subsidiary of Global Ports Investments PLC , has substantially completed its dedicated ferry terminal which significantly expanded the company's capacity to handle cars and other conventional ro-ro cargo. PLP's dedicated ferry terminal is now the biggest Russian state-of-the-art ro-ro handling facility.

The PLP's ferry cargo handling facility has been operational since 2003, however, its car and other rolling item handling and storage capacity was substantially expanded in the last two years.

The current expansion phase included

  • an upgrade of the port facilities used in acceptance and storage of ferry cargoes,
  • introduction of an IT management system (including an electronic document management system), and
  • development of specialized open yards for storage of cars with a total area in excess of 16 ha.

Today's operating capacity of the terminal allows to handle as many as 190,000 cars and 40,000 ro-ro items annually. Open yards for cars are capable of simultaneously accommodating 5,300 cars. Investments of the expansion phase exceeded $30 mln. (over RUR 892 mln. in 2008-2009).

Before the end of 2009 Petrolesport will complete the construction of an interchange (including a tunnel) in the port's territory to develop an intersection with the railway. Future investment plans of the company include upgrade of the storage yard of traditional ro-ro cargoes and reconstruction of the quay area.

Cutting-edge technologigcal capacity allow PLP to provide its clients with a highest levels of service and hence to enjoy stable client relationships. Petrolesport became the primary site for the cars imported to Russia by the leading car dealer Rolf SCS (a ROLF group company). In June 2008 the companies entered into a five-year contract for car handling and storage services. Leading ferry operators – "K" Line, Transfennica, Sovcomflot DFDS Lines, Wallenius Wilhelmsen Logistics – have ferries calling at the PLP's new ferry terminal.

According to the PLP's Board Chairman Nikita Mishin, a high quality modern site for handling ferry cargoes in the Russian Federation will be in demand, despite the declining car sales in the country. "We continue to invest in specialized terminals to increase the level of technology and service in the first place – notes Mr. Mishin. - We invest in competitiveness through development of modern and high-tech terminals for the most popular cargoes – today we offer our clients efficient logistics solutions and high quality container, ferry and other cargo handling services."

30 September 2009

Background

OJSC Petrolesport (“PLP”) is the second largest stevedoring company in the St. Petersburg’s Bolshoy Port. PLP handles various kinds of cargoes (containers, refrigerated, ro-ro, timber, general) and is one of the leading container terminals in the North West of Russia. OJSC Petrolesport is a subsidiary of Global Ports Investments PLC.

Global Ports Investments Plc (GPI) is a group of companies that unites Russia’s leading container terminal operators and an oil/oil products terminal in Estonia. The Group is owned by N-Trans, the largest private transportation and infrastructure group in Russia. The Group’s terminals are located in the Baltic and Far East basins and constitute key gateways for Russian container imports and exports and oil products exports. GPI manages three container port facilities in Russia (including Petrolesport and Moby Dik in St. Petersburg and VSC in Nakhodka), two container terminals in Finland, and the largest independent oil products terminal in the Baltic (Vopak E.O.S.) and is developing one inland terminal (Yanino) in the St. Petersburg region. The Group handled over 30% of Russian container traffic and Russian fuel oil exports in 2008.

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