The Russian Baltic port of Ust-Luga is to have a new five-billion dry bulk terminal, which is to be built by MCC EuroChem. This will annually handle 5mt (million tonnes) of locally produced fertilizer for export. Of the 8mt produced by the company last year, 4.7mt was exported by sea. Return on investment will be made within five years thanks to reduced transport and logistics costs.
The terminal will be built in the northern part of the port, with all dredging work financed as part of a state programme. An agreement has been signed with the Russian Railways to transport 5mt of exports to the new terminal, for which a new spur will have to be built.
At least one berth will have draught of 16 metres, more than sufficient to handle 75,000dwt Panamax vessels. BC