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National Container Company

From Wikipedia, the free encyclopedia
National Container Company
Native name
Russian: Национальная контейнерная компания (НКК)
Founded2002
Headquarters
Russia
Servicescontainer handling services
Websitewww.container.ru/en/

National Container Company (NCC, Russian: Национальная контейнерная компания) was one of the biggest container operators in Russia and the CIS countries in the 2000s. The company was founded in 2002. Its container terminals were mainly based in the Baltic Sea. In 2012, the total capacity of the company’s maritime container ports was nearly 1.069 million TEUs. In 2013, NCC was acquired by Global Ports.

History

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Severstaltrans and First Quantum Group created National Container Company in 2002. First Quantum Group was one of the JSC Sea Port of Saint-Petersburg [ru] shareholders, while Severstaltrans would later develop into the N-Trans [ru] holding company. The company worked on a few projects: the Ust-Luga terminal, founded jointly with the German company Eurogate [de], and the NUTEP container terminal, developed together with the Delo Group in Novorossiysk.[1]

In 2006, the partners divided NCC. Severstaltrans got a stake in the Far Eastern container terminals: Vladivostok’s Container Terminal (a joint venture with the Commercial Port of Vladivostok [ru]) and the East Stevedore Company [ru] LLC (another shareholder was Dubai Port World). First Quantum got NCC’s assets located in the north-west and the south: the First Container Terminal and the Baltic Container Terminal (the modern Ust-Luga container terminal). It also got a stake in the NUTEP container terminal in Novorossiysk and Caspian Container Terminal in Port Olya. Another NCC shareholder appeared in 2006: FESCO Transportation Group got a 50% stake.[1][2]

The construction of an inland container terminal and logistics complex in Shushary (” Logisitka-Terminal”) began in 2007. The complex started operating two years later. It’s there that the dry port concept was used in Russia for the first time in 2011. This concept implies that an inland terminal is directly connected to a seaport.[3][4][5]

In 2010, FESCO withdrew capital from NCC amidst a long conflict around FESCO’s refusal to fund the Ust-Luga terminal’s development. The other shareholder bought FESCO’s stake.[1][6][7]

In December 2011, the first phase of the Ust-Luga container terminal was put into operation in the Ust-Luga port.[8] Unifeeder [de] company made the first ship entry.[9][10]

In 2011, the Delo Group bought NCC’s stake in NUTEP.[1]

National Container Company was the biggest container port operator in Russia in 2012, operating five container terminals:

The group also controlled two container operators: NCC Logistika (railroad operator) and Baltcontainer (motor transport operator). In 2012, the total capacity of NCC’s maritime container ports was nearly 1.069 million TEUs. In the first six months of 2013, NCC’s maritime terminals transshipped 561 thousand TEUs, 7% more than the year-ago value. In 2012, the company’s consolidated revenue was $253.3 million, while the EBITDA value amounted to $164 million.[11][12]

Global Ports bought NCC in 2013 and thus acquired a 100% stake in the First Container Terminal, an 80% stake in the Ust-Luga Container terminal, and a 100% stake in Logistika-Terminal. NCC got $291 million in cash and 18% of Global Ports’ stock. The stakes of Global Ports’ main shareholders — TIHL and APM Terminals B.V. — thus dropped from 37.5 % to 30.75 % (TIHL represented N-Trans’ interests, and APM Terminals B.V. was A.P. Møller — Mærsk's terminal subdivision). The free float stock fell from 25 % to 20.5 %. NCC shareholders— Andrey Kobzar and First Quantum — got a 9 % stake each in Global Ports’ capital.[13][14][12]

Following the deal’s completion, the merged company covered 82% of Saint-Petersburg’s container business market, 79% in the north-west from Murmansk to Kaliningrad, and nearly 39% in the whole of Russia.[15]

References

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  1. ^ a b c d "Новая сделка года – SeaNews" [New deal of the year]. seanews.ru (in Russian). 2017-12-20. Retrieved 2024-05-01.
  2. ^ Portnews (2007-12-14). "НКК и Eurogate подписали договор о стратегическом партнерстве и обмене акциями двух контейнерных терминалов" [NCC and Eurogate signed an agreement on strategic partnership and exchange of shares of two container terminals]. Портньюс (in Russian). Retrieved 2024-05-01.
  3. ^ "SeaNews: Сухой порт заработал" [The dry port is operational]. www.seanews.ru (in Russian). Archived from the original on 2015-09-24. Retrieved 2013-04-16.
  4. ^ "Морской и тыловой терминалы в единой связке" [Marine and rear terminals in a single bundle]. www.dp.ru (in Russian). 2011-05-09.
  5. ^ "Эксперт Северо-Запад. "Контейнеры на инновационном ходу"" [Expert North-West. "Containers on an innovative course"]. m.expert.ru (in Russian). Archived from the original on 2016-02-04. Retrieved 2013-04-16.
  6. ^ Kommersant-Ekimovsky, Alexey; Kommersant-Mironenko, Peter (2009-08-05). "FESCO не хватает на контейнеры" [FESCO is not enough for containers]. www.kommersant.ru (in Russian). Retrieved 2024-05-01.
  7. ^ Portnews (2010-11-02). "Сделка по продаже доли FESCO в НКК полностью закрыта" [The sale of FESCO's stake in the NCC is completely closed]. Портньюс. Retrieved 2024-05-01.
  8. ^ Naumova, Kristina (2012-10-18). "Ъ-Санкт-Петербург — Ленобласть одарит инвесторов льготами" [The Leningrad region will give investors benefits: Ten companies will receive tax breaks this year]. www.kommersant.ru (in Russian).
  9. ^ "ВЕДОМОСТИ — ННК запустила контейнерный терминал в Усть-Луге" [NPC launched a container terminal in Ust-Luga]. www.vedomosti.ru (in Russian). 2012-01-11.
  10. ^ "УЛКТ обработал первое судно (фото)" [ULKT processed the first vessel]. portnews.ru (in Russian). 2011-12-29.
  11. ^ "Власти Ленобласти предоставят УЛКТ налоговые льготы взамен строительства терминала за 45,1 млрд руб. в Усть-Луге" [The authorities of the Leningrad region will provide ULCT with tax benefits instead of the construction of a terminal for 45.1 billion rubles in Ust-Luga]. РБК (in Russian). 2012-10-16. Retrieved 2024-05-01.
  12. ^ a b Portnews (2013-09-02). "Global Ports договорилась о приобретении НКК за $291 млн и 18% акций" [Global Ports agreed to acquire NCC for $291 million and 18% of shares]. Портньюс. Retrieved 2024-05-01.
  13. ^ Chelpanova, Milana (2013-09-02). "Global Ports купила Национальную контейнерную компанию" [Global Ports bought the National Container Company]. Ведомости (in Russian). Retrieved 2024-05-01.
  14. ^ Челпанова, Милана (2013-09-03). "Глобальная контейнерная" [Global container]. Ведомости (in Russian). Retrieved 2024-05-01.
  15. ^ Алексеева, Ольга; Еремина, Наталья (2024-05-01). "Global Ports запаслась контейнерами" [Global Ports has stocked up on containers: Global Ports Group buys the National Container Company]. Газета.Ru (in Russian). Retrieved 2024-05-01.
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