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T l: (675) 321-2254 or (675) 321-8172 F x:(675) 321-2505
M n r: Kurt B hn
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SHIPS AND SHIPPING November 2010 7
Russian port operator, Novorossiysk Commercial Sea Port
(NCSP), has announced that throughput at the Black Sea
port fell in the nine months to October; fuel oil exports,
however, were up.
Overall volumes for the first nine months of the year were
62.67 million tonnes, 3.9 percent down year-on-year.
"The grain export ban and volatile crude oil volumes have
caused a drop in the volume of cargo turnover," NCSP Chief
Executive Officer Igor Vilinov said in a statement.
Grain exports from Russia were banned in mid-August
following a drought across central Russia.
"The grain export ban alone resulted in the loss of almost a
million tons of cargo traffic," Vilinov said.
NCSP's liquid cargo volumes fell 5.4 percent, with volumes of
crude oil and refined products at the Sheskharis terminal down
But the cutbacks in crude oil were partially offset by growing
volumes of fuel oil, the company said in a statement.
Chennai to compete with
new "mega terminal"
The Cabinet Committee on Infrastructure
(CCI) has approved the development
of a "mega container terminal" at
Chennai Port under a public/private
The terminal will have a concession
period of 30 years at an estimated cost of
INR36.86 billion (US$332.5 million). The
project is expected to boost exports and
imports in the region with savings in
freight and ship costs to the shippers,
according to the Press Information Bureau
Considering the steady growth in
container volumes at Chennai Port, the
container throughput demand is expected
to outstrip the available capacity of two
million TEU per annum by 2017-18.
The capacity of the proposed terminal
would be four million TEU per annum. In
addition to handling the projected
volume of container traffic, the terminal
will also be able to handle ultra-large
container vessels, which are expected to
dominate the container trade.
The port wants to compete with
other international ports and attract
deep-draughted vessels to the Chennai
Port, thereby reducing the need for
transhipment at the ports of Singapore
and Colombo, Sri Lanka.
The construction of the project is
expected to be completed within seven
years from the date of award of concession.
Novorossiysk Commercial Sea Port
Black Sea port's fuel oil exports up while throughput reduces
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