Russia's LPG Exporters to Use Georgia's Poti Port
Russian exporters will start shipping supplies of liquefied petroleum gas (LPG) to Bulgaria via Georgia's Black Sea port of Poti in July as traditional export routes remain closed, according to traders and Refinitiv Eikon statistics.Russia stopped supplying LPG to Ukraine on Feb. 24, when Russia sent troops into the country in what Moscow calls a "special military operation", and has also stopped LPG rail transit to Romania, Hungary and Moldova via Ukraine, obliging exporters look for new routes.Finland…
APM Terminals Poti in Expansion Mode
International container terminal operating company APM Terminals said that its Poti Seaport Terminal in Georgia has re-initiated the process of obtaining the necessary permits with a firm intention to build the new deep-water multipurpose port in Poti.APM Terminals submitted application to the Technical and Construction Supervision Agency to obtain the permit for land usage for construction of the new deep-water port in Poti. This is initial stage of the three-stage formal procedure for construction permit issuance.As APM Terminals has clearly stated in recent discussions with the Government of Georgia, the company is fully committed…
Georgian Port of Poti Mulls New Project
The international container terminal operating APM Terminals said that its port of Poti has presented its plans for the creation of a deep-water port to the Government of Georgia.The plans require an investment of over 250 million USD of private capital for phase 1 and a substantial amount for phase 2 in an extensive development of the port infrastructure and superstructure.“This investment in the strategically important port of Poti is a proof of our commitment and belief in Georgia and the development of a transport corridor that stretches into Central Asia,” explained Keld Christensen, Managing Director of APM Terminals Poti.“The…
U.S.-Georgian Consortium Wins Black Sea Port Contract
A U.S.-Georgian consortium has been awarded a $2.5 billion contract to build and develop a deep-sea port in Anaklia on Georgia's Black Sea coast, as the tiny ex-Soviet republic sets eyes on lucrative cargo transit from Asia to Europe. The Anaklia Development Consortium is a joint venture of Georgia's TBC Holding LLC and Conti International LLC, a U.S.-based developer of infrastructure and capital projects, Georgia's Economy and Sustainable Development Ministry said in a statement on Monday. The consortium, selected in a tender, aims to start the construction of the port by the end of 2016 and finish it in three years. The port will have the capacity to berth container ships of the 10,000 TEU type and to process up to 100 million tonnes of cargo per year by 2025.
Mitsubishi To Build Cargo Quay In Port of Poti
Mitsubishi is said to be spending nearly $65 million to build a new cargo quay at the port of Poti on Georgia's Black Sea coast.
