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Metinvest Group continues to apply new technologies of vessels` loading at outer roads - cargo list expanded by steel plates

15 August 2014

8`000 mts of steel plates were loaded in open sea onto mv «BeiHai», going from Mariupol port (Ukraine) to EU ports. Loading was performed in the offshore zone of the Black sea. Total cargo quantity loaded on board of the vessel 33`000 mts.

“Metinvest Group has become the first company on the world market, who took responsibility for topping – off at the outer roads, when the risk of damage to both cargo and vessel is high enough. We elaborated this project in the team of specialists from Metinvest, Transship and Portinvest. The first exam passed perfectly thanks to the coordinated work together “, - commented Olga Ovchinnikova, director of logistics of Metinvest Group.

“After this successful loading Transship emerged as undisputed leader in the market topping-of and lighterage operations“, - noted Aleksander Smyrnov, General director of PORTINVEST Holding.

Transshipment accomplished by unique transshipment complex «Afina» of Transship company, which has proved to be excellent for topping-off such cargoes like iron ore to Capesize vessels and pig iron to Panamax and Supramax vessels in the offshore zone of the Black Sea.

According to Olga Ovchinnikova increase of cargo stem size by road handling allows to significantly reduce transportation costs and freight rates: “The economic effect of around $2,5/t is a significant increase of the competitiveness of products and the opportunity to develop new markets for the company”.

Experts of Portinvest Holding coordinated the loading of the steel plates at outer roads, as well as the loading of iron ore concentrate and pig iron.

“Handling of rolled steel and steel plates especially - is a complex and important process, carried out by dockers in the port. In the open sea it is much more difficult to do due to a number of natural and technological limitations: wind, sea state, the limited size of the holds space, the need for assistive technology and devices for cargo operations and cargo lashing. Currently we analyze the results of this loading to identify the additional reserves by improving processes and operations of loading works both on the roads and in the port”, - notes Aleksander Smyrnov, general director of Portinvest Holding.

In April 2014 Metinvest Group for the first time on the market, together with the companies Transship and Portinvest, carried out transshipment of pig iron (23`000 mts) on the roads in the offshore zone of the Black Sea.

For editors:

PJSC «Ilyich Iron and Steel Works of Mariupol» is one of the greatest enterprises in Ukraine with full metallurgical cycle. The Works produces pipes and flat rolled products of carbon, low-alloy and alloy steels for different applications: hot-rolled plates and sheets intended for the production of pipes for main pipelines, ships, pressure vessels, bridge constructions, other metal constructions for critical application; hot-rolled plates, sheets and strips including pickled; cold-rolled, including galvanized, bands, sheets and strips, including for cold stamping, flooring and others.

METINVEST is an international vertical-integrated mining-and-metallurgical Group of companies, which runs assets in every link of production chain for creation of value from iron-ore and coal mining tol semi-finished and finished metal products manufacture. The structure of the Group comprises mining and metallurgical enterprises in Ukraine, Europe and USA, and sales network covering the key world markets. METINVEST GROUP consists of Metallurgical and Mining Divisions. According to the strategical vision of the Group its aim is to become lead European vertical-integrated steel producer with stable ratio of growth and cost effectiveness in spite of market cyclicity, and to ensure investment return higher than industrial standards. For the first quarter of 2014 ended 31 March 2014, the Group reported revenues of US$2.9 billion and an EBITDA margin of 30%.

The main shareholders of METINVEST B.V. company (Holding company of METINVEST GROUP) are SСM GROUP (71,25%) and SMART GROUP (23,75%), which control Group at partnership relations..