BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Novorossiysk terminal hearing in September

07 Sep 2011 08:43 GMT

Public hearing to be held to discuss the possible environmental impact of the Novorossiysk Fuel Oil Terminal.



Novorossiysk authorities are due to hold a public hearing later this month to discuss the possible environmental impact of the new Novorossiysk Fuel Oil Terminal, currently under construction at the Black Sea port.

Industry sources report that the hearing is scheduled to take place on September 21st and will be headed by the deputy head of security and civil protection and head of interaction with law enforcement authorities, Valery Lissitzky.

Operating company Novorossiysk Fuel Oil Terminal LLC is 50 percent owned by Novorossiysk Commercial Sea Port, PJSC (NCSP/NMTP Group). NCSP annnounced the acquisition of additional land plots for construction of the terminal in May 2010 after North-Caucasus Rail Road - a branch of OAO Russian Railways - and NCSP signed the agreement of transfer of rights to sub-tenancy for land plots with a total area of 10.62 hectares, located within the cargo yard of the Novorossiysk train station.

Through the agreement, Novorossiysk Fuel Oil Terminal LLC acquired the rights of usage and ownership of the land plots for deploying and operating the fuel oil terminal for a term period of over 40 years.

The terminal will have an initial storage capacity of 82,000 cubic metres, two railway discharge galleries for 60 and 48 tank cars as well as pipelines and other units of infrastructure. Estimates on the total investment in the project have ranged between US$160 million and US$235 million.

Last month, NCSP announced plans to borrow US$110 million from Raiffeisenbank on security of its 50 percent stake in the Novorossiysk Fuel Oil Terminal, for further development of the facility.

NCSP is owner of Novorossiysk bunker supplier JSC Flot NMTP, also known as PJSC Fleet of NCSP. Flot NMTP is the largest private towing and tugboat company in Russia, offering a full range of fleet services at the port, including tug and towing services, bunkering, water and environmental protection services. The company has 46 ships, including tugboats, bunkering vessels, specialized vessels and inshore boats.

The fleet includes 26 tugboats, seven bunkering vessels with a cargo capacity ranging from 250 to 3,000 tonnes, 10 auxiliary vessels (environmental protection, waste collection and passenger ships) and two water carriers.

Ownership of NCSP Group changed hands towards the end of last year. Transneft, a Russian state-owned business responsible for the national oil pipelines, which transports a large percentage of the oil produced in the country, announced in December 2010 that its board of directors had preliminarily approved the acquisition of NCSP, a move aimed at strengthening the company's position in oil transportation.

Omirico, acting in the interests of Transneft, acquired a 100 percent stake in Novoport Ltd., which owned 50.1 percent of NCSP. As part of the deal, NCSP acquired 100 percent ownership of Primorsk Trade Port LLC, an operator at the port of Primorsk, located northwest of St. Petersburg.

The Primorsk Trade Port acquisition was completed on January 21st 2011. To provide partial financing for the acquisition NCSP attracted a long-term credit facility from Sberbank of Russia in the amount of USD 1.95 billion with a tenure of 7 years.






Related Links:

Novorossiysk: Flot NMTP 'monopolistic'
Land deal to build Novo fuel oil terminal

Latest News:

Furukawa Battery certified as approved supplier of marine batteries
Quadrise: Fuel production system commissioned in Saudi Arabia
Is oil heading for the 70s or lower 60s?
Oil and fuel oil hedging market update
FIS expecting strong HSFO paper liquidity 'right up to deadline day' in 2020 and beyond
GTT hails 'great start to the year' with LNG tank orders
Rotterdam posts lowest calendar year bunker sales of the 2010s
Bomin to launch physical supply of ULSFO in ARA region
Viking Line's bunker costs jump 18.3% in 2017
Vopak's net profit dips 12% in 2017
Odfjell posts rise in FY and Q4 2017 bunker costs
Oil and fuel oil hedging market update




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events