Press room
Container Terminal St. Petersburg in 1Q invested more than € 3.5 million in development, upgrade programme
Container Terminal Saint Petersburg in the first quarter of 2018, invested a total of RUB 256 million (EUR 3,535,360) under the development program in modernization of the terminal capacity.
The bulk of this money was spent on improving the terminal infrastructure, container handling equipment and other capabilities.
St. Petersburg, Russia based Container Terminal St. Petersburg between January and March of 2018 handled 168,500 TEUs, which represents a 7-percent growth on the same period a year earlier. The quarter results appeared to be the best ever for CTSP in terms of container traffic.
This March, Container Terminal St. Pb beat its monthly throughput record handling 64 802 TEUs, which is 15% more than in March 2017. Main customers of CTSP contributed to strong performance results increasing their containerized flows to the terminal.
On 9 July 2018, the 9th Arbitration Court of Appeal approved the settlement agreement between the Federal Antimonopoly Service of Russia (FAS Russia) and ZAO Container Terminal Saint-Petersburg in a dispute over antitrust violation.
FAS Russia has acknowledged that, commercial policies of CTSP ensure setting of economically justified tariffs for container transshipment services with the tariff growth caused by earlier commercial practices of CTSP applied due to the sharp change in the dollar's exchange rate.
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