"DeloPorts evaluates its leverage as moderate and expects the ratio net debt to earnings before interest depreciation and amortization (EBITDA) slightly higher than two, said Managing Company “Delo” CEO Andrey Yaschenko.
Container transit between China and Europe through the territory of the Russian Federation is gaining momentum. At the same time, against the background of stable growth in commodity flows from China, the counter direction is also gradually being loaded through development of export of Russian non-primary products to the PRC. According to market participants, the potential of the Russian railway infrastructure in terms of transit containers carriage is far from being exhausted even in the absence of significant investments in its expansion.
In recent months, the Russian container market has shown a stable growth: at a level of 12% at half year-end. This can be called quite a decent result, given the sharp decline in container turnover in ports three years ago (in 2015 the volume of container transshipment decreased by more than 20%, up to 3.9 million TEU, that is, the market lost over 1 million TEU).
The key to success of modern container terminal is the reserve capacity for one-time storage of containers at the port-side warehouse and sufficient quantities of up-to-date machines to transfer containers to various means of transport - marine, rail, road. Moreover, the availability of efficient container equipment and automation of cargo handling operations allow us to achieve good results even in restricted spaces of the terminal. The speed and synchronicity of receiving containers at the port and sending them out of the terminal makes it possible to release container yards for new parcels of cargo and speed up container turnover at the port - one of the main indicators of terminal performance.
In a few months after change of the managing shareholder, the top management in the stevedoring holding Global Port also changed. The new CEO of the company, Vladimir Bychkov, who previously headed the Delo group's transport and logistics division, shared with BG details of the new strategy of the largest container operator in Russia operating under tough competition.
DeloPorts company that manages neighboring container and grain terminals in the port of Novorossiysk has implemented a nontrivial investment project for stevedoring companies on acquisition of four tugboats for inhouse use. According to the General Director of the company, Igor Yakovenko, this made it possible to drastically speed up servicing of vessels at the terminals, and as soon as construction of the new container berth is completed, Delo would purchase two more units of similar equipment.
The acquisition by Delo group of a 30.75% of shares in the largest Russian stevedoring holding Global Ports made the company the largest player in the container carriage market. In an interview with BG, the owner of Delo Group, Sergei Shishkarev, described how he managed to negotiate a deal with his old friends in Novorossiysk and new foreign partners, as well as key areas of business strategy in the changing conditions of the container market
“Delo” Group owned by Sergey Shishkarev finalized purchase of 30.75% shares of port holding Global Ports for estimated $250 mln from “N-Trans” owned by Nikita Mishin, Konstantin Nikolaev and Andrey Filatov. According to terms of the deal, Global Ports and stevedore assets of “Delo” Group “DeloPorts” will be managed separately and continue competing on the market. The assets had to be isolated from each other on the level of Board of Directors. The salespeople will invest money in own projects.