20 Jan '09
Sakhalin Shipping Company (SASCO) intends to invest in reconstruction of the Shakhtyorsk sea port on Sakhalin, RIA Novosti reported today citing the company’s CEO Alexander Matsuk.
As one of Russia’s largest shipping firms SASCO is considering possible cooperation in upgrading the port with Japan’s Mitsui and Mitsubishi, the agency quoted Mr. Matsuk.
The CEO told RIA that Mitsui had already developed a master reconstruction plan with multiple engineering approaches, but no agreement on investment had been reached yet.
The Shakhtyorsk sea port is regarded as a potential base for exports of Sakhalin coal, predominantly to Japan, RIA Novosti explained. The region’s coal reserves are estimated at around 14 billion tons.