Russia's largest coal port holding promises 43% volume growth in three years to 57 million t/y (photo)
Moscow headquartered Port Management Company Ltd. (UPK) controlling the operation two Russia's largest coal ports, Primorsky region based JSC Vostochny Port and JSC Rosterminalugol, the Port of Ust-Luga, Leningrad Region intends in three years to increase combined throughput by 43% to 57 million tonnes a year, the holding company said.
The total throughput of the two terminals by the 2015 year results was in excess of 40 million tonnes. This represents more than a third of the Russian coal exports.
All of these volumes have the cargo base, the company said. Currently, the coal holding handles export coal from the following mining companies: JSC Kuzbassrazrezugol, JSC SUEK, JSC Kuzbass Fuel Company, JSC Russian Coal, JSC Sibuglemet, LLC Promugolservice CJSC Belovskaya Mine, LLC Stepanovsky Razrez, LLC Razrez Bungursky Severny and other Russian coal producers.
The company relies on positive outlook, confirmed volume growth. Therefore, the UPK is set to invest in coal terminals expansion and refitting.
The UPK manages Vostochny Port from October 2009 and have increased the coal terminal's throughput by 58%, by more than 8 million tonnes to 22.8 million tonnes in 2015. Between 2010 and 2015 the holding management streamlined the business, implemented a program of the terminal equipment upgrade.
The holding has bagged long-term contracts with Russian coal producers that are increasing the commodity exports. Coal producers tasked the UPK to improve port transshipment facilities. In 2012, Vostochny Port commenced construction of Coal Transshipment Complex, Phase 3. The facility scheduled for commissioning in 2017 will increase throughput to 39 million tonnes in 2019.
Among the large number of announced port projects this is the only expanding terminal, which will be able to increase coal throughput by nearly twofold in 2019. At the moment, the biggest port investment project in the Far East nearing completion and is ready by 75%.
The shareholders of the ports decided to use the experience of successful management by the UPK in the port stevedoring business.
In 2015, coal exports at JSC Rosterminaugol reached a record high of 17.5 million tonnes. Currently the terminal expansion is constrained in its boundaries, therefore its further throughput growth is possible only through streamlining of a number of business processes.
Each of the modern dedicated coal terminals under control of the UPK are equipped with car dumpers, conveyors systems, stackers, reclaimers, shiploaders. Besides the terminals utilize a unique technology of multistage magnetic coal cleaning from extraneous inclusions.
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