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Russia aims to boost Crimean box volume 7 fold through Sevastopol
RUSSIA plans to increase container volume seven fold through Crimean ports by spending more than US$100 million on terminals and reducing tariffs on shipments to the region it has annexed from the Ukraine.
The ports have been cut off from their Ukrainian hinterland they used to serve with container volumes falling 81.7 per cent year on year to 36,376 tons, reports Newark's Journal of Commerce.
That's a major decline from the 140,000 tons of containerised cargo that moved through the port in 2012, said Andrey Vasyuta, director general of Crimean Seaport, the recently established state enterprise for the management of Crimean ports.
Moscow expects containerised volume this year to hit 60,000 tons. Crimean container trade, of which nearly 70 per cent passes through Sevastopol, is mostly geared toward Turkey and Asia.
The $150 million-$180 million investment to modernise and expand Crimean seaports through upgrades and new terminals will be coupled with a reduction of tariffs for containerised cargo, which is currently two to three times higher than at other Russian seaports.
Foreign investors, including a Chinese group, have expressed interest in building a new container terminal at the Yevpatoria seaport, primarily for handling agricultural products.
The ports have been cut off from their Ukrainian hinterland they used to serve with container volumes falling 81.7 per cent year on year to 36,376 tons, reports Newark's Journal of Commerce.
That's a major decline from the 140,000 tons of containerised cargo that moved through the port in 2012, said Andrey Vasyuta, director general of Crimean Seaport, the recently established state enterprise for the management of Crimean ports.
Moscow expects containerised volume this year to hit 60,000 tons. Crimean container trade, of which nearly 70 per cent passes through Sevastopol, is mostly geared toward Turkey and Asia.
The $150 million-$180 million investment to modernise and expand Crimean seaports through upgrades and new terminals will be coupled with a reduction of tariffs for containerised cargo, which is currently two to three times higher than at other Russian seaports.
Foreign investors, including a Chinese group, have expressed interest in building a new container terminal at the Yevpatoria seaport, primarily for handling agricultural products.
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