24 Nov 2014 14:19

PhosAgro planning to boost fertilizer transshipment through Ust-Luga to 48% of exports

MOSCOW. Nov 24 (Interfax) - PhosAgro is planning to boost fertilizer transshipment through the Ust-Luga port to 48% of overall export sales, PhosAgro AG CEO Mikhail Rybnikov said at Investors' Day in Moscow.

He said the company intended to redirect flows from the ports in Vyborg (Russia), Muuga (Estonia) and Kotka (Finland) to Ust-Luga, which will receive its own terminal. As a result, the company will handle around 2 million tonnes through Ust-Luga.

In 2014, the company is planning to transship 16% of export volumes through Ust-Luga.

Transshipment through St. Petersburg is planned to fall to 16% in 2015 from 33% in 2014.

As a result of logistics optimization, PhosAgro expects to save $6 per tonne on transport.