Global Ports' ULCT starts handling of export coal
Global Ports Investments PLC (Global Ports) in line with the Group’s programme of terminal infrastructure efficiency and generation of additional revenue, begins handling of export coal at its Ust-Luga Container Terminal (ULCT), the Global Ports said Thursday in a press release.
The first cargo of metallurgical coal was shipped on December 26, 2017 from the ULCT coal handling yard, which has developed railway infrastructure and facilities to ensure the shipment of up to 1 million tonnes of coal a year.
Global Ports says that “attracting a new type of cargo will not affect anyhow the capability of ULCT to handle its primary cargo. The container terminal will still be able to handle annually 440 000 TEUs.”
Global Ports has developed a detailed management plan for risk assessment that arises from the coal cargo operations. The Group has invested heavily in the project.
The project includes among others the environmental sustainability measures to reduce coal dust emission on site into the air and water area, and to avoid impact on container handling operations. The terminal operator will install dust shields around the coal handling yard, air and water monitoring systems, and dust suppression equipment.
About ULCT
Ust-Luga Container Terminal (ULCT) is the first deep-water container terminal in Russia’s North-West region, with annual throughput capacity of 440 000 TEUs. The facility is located 100 km west of St. Petersburg in the Port of Ust Luga (in the Luga Bay of the Gulf of Finland). The project is implemented by Global Ports (80%) and Eurogate (20%), the leading European container terminal operator.
About Global Ports
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Delo Group owns 30.75% stake in Global Ports Investments PLC and develops the Company in strategic partnership with the global operator of port terminals APM Terminals incorporated into A.P. Moller-Maersk. It combines the largest transport and logistics and non-containerised port facilities and is a leader for container handling capacities in Russia. Global Ports operates a network of five maritime container terminals in Russia and two in Finland, as well as the inland logistics complex near Saint Petersburg. The Group includes oil products terminal Vopak E.O.S located in Estonia.
The core business of the Group is handling containers. Global Ports also provides handling and storage services for Ro-Ro cargo, bulk and other types of cargoes as well as oil products. Since June of 2011, the Global Depository Receipts of Global Ports have been listed on the main market of London stock exchange. Currently the free float of the company is 20.5%.
