First Container Terminal handled 524,987TEUs in the first three quarters of the year, up from 531,231TEUs for the whole of 2004 across its five berths. But the US$167m first stage of the UstLuga terminal, to become operational in 2007, will have a throughput of up to 900,000TEUs a year and a further three planned stages would pushing capacity to 3.3m TEUs.<\/p>\n
The provenance of the Ust-Luga project is interesting. National Container had a 74% stake in the terminal with the balance held by the local port company in a 49-year concession agreement. In 2003 Hamburg-based Eurogate took a 26% interest after agreeing to cooperate on the terminal’s development.<\/p>\n
The Russian government will fund around US$60m of the total cost of the first stage including dredging a 4.5km approach channel providing 14.5 increasing to 16 metre depth, land reclamation and quay wall construction. The remaining US$107m is reportedly coming from the private sector and will be used to finance the development of other terminal infrastructure including cargo handling equipment.<\/p>\n","protected":false},"excerpt":{"rendered":"
HPHs recently reported foray into St Petersburg will certainly shake things up in the region. Its impending US$150m acquisition of 50% of the ports First Container Terminal and 37% of the Baltic Container Terminal (time for some fresh thinking on the naming of these terminals perhaps? ) at Ust-Luga 110km southwest of St Petersburg, will shift the sphere of influence and affect the fortunes of other Baltic ports in ways that cannot yet be anticipated.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"sponsor":[],"class_list":["post-2334","post","type-post","status-publish","format-standard","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=2334"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=2334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=2334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=2334"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=2334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}