The 2.7 percent 11-month rise was a slowdown from the 3.6 percent recorded for January-October. Under its privatization plan, Russia is set to sell a 20 percent stake in Novorossiysk by the end of this year. Economy minister Andrei Belousov said recently Russia may delay the privatization of Novorossiysk until 2013. (Reuters)
Novorossiysk port cargo up 2.7% in 11 months
posted by AJOT | Dec 18 2012 at 07:00 PM | Ports & Terminals
Novorossiysk Commercial Sea Port Group, a major outlet for oil and grain exports from Russia, said total cargo turnover rose 2.7 percent in the January-November period to 146.8 million tons.
It said oil products, ferrous metals and grain were among the fastest-growing cargos, showing 15.6 percent, 23.8 percent and 58.6 percent growth, respectively.