Summa News April 2014

Summa News
Latest news from Summa Group 2014

Summa News April 2014 FESCO Adds New Vessel to Transportation Group Fleet
FESCO Transportation Group (subsidiary of Summa Group) has expanded their shipping fleet by adding a new vessel. The ship named FESCO Novik and was inducted at the Port of Limassol in Cyprus on March 25th 2014.
The Container vessel will be based at Vladivostok and will work under the Russian flag. It will be operated on the cabotage lines Vladivostok Petropavlovsk-Kamchatsky Magadan.

It can carry up to 150 reefer containers with a gross tonnage of 707 TEU. It will also be required to work in the Far East region and has passed the ice class vessel standard requirements.

Summa News April 2014

Pole of Cold 2014 Sponsored by YATEC

Summa Group subsidiary company YATEC has been announced as one of the Pole of Cold 2014 general fuel partner. The rally is organized by the Republic of Sakhas (Yakutia) Automobile and Motorcycle Sports Federation, the Ministry for Enterprise and Tourism Development, the Yakusk City Municipal District administration and Mamont (Mammoth) Off-Highway vehicle Club of Yakutsk. The rally started in Yakutsk, Ordzhonikidza Square on 19th March 2014 and runs along the Kolyma Highway which is 2032km long and connects Yakutsk with Magadan.

The Commercial Director of YATEC JSC, Vladislav Kim, has welcomed the participants to the competition saying, The rally raid to Oymyakon, the coldest area on Earth is an impressive and memorable event in the Republic, an illustrative example of courage, stamina and proficiency.

Summa News April 2014

NCSP Group Cargo Turn Over Total 21.6 mln Tonnes

The Novorossiysk Commercial Sea Port Group (NCSP Group), another subsidiary of Summa Group, has announced that their January-February consolidated cargo turnover amounted to 21.6 million tonnes. Despite 2 days of storm alerts in January and 9 days in February, which caused short term limitations on dispatch of cargo to Novorossiysk and hindered loading operations, the group still managed to decrease year on year lag in total cargo turnover. The container traffic was up 21% in February, grain handling increased by 25% and liquid cargo decreased by 15.1% year on year.

Summa News April 2014

About Summa Group

Summa Group specialises and invests in port logistics, engineering, construction, oil and gas sectors as well as telecommunications. Summa Group is a diversified private holding that comprises of more then 10 000 people in 40 regions of Russia and abroad.
Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group which will reach its 10 year anniversary in 2014.