5.02.2008
Greenoak holdings sells its businesses in Georgia
Greenoak Holdings and its partners have sold Batumi Oil Terminal Limited and Batumi Sea Port Limited to KazMunaiGas, the state oil company of Kazakhstan. This follows from the strategic alliance created in 2006 between Batumi Oil Terminal and KazMunaiGas.
Mogens Hansen, CEO said: “Creating, developing and now selling Batumi Oil Terminal and Batumi Sea Port is a perfect example of a success story in Georgia. In 1999 when we acquired the terminal, it was run-down, with many polluted areas and a lack of proper facilities. We took the risk and invested in Georgia. With over US $ 200 mio invested, with the cooperation and dedication of all the staff, and with management excellence, the terminal was upgraded to a high international standard with the best engineered equipment. The annual transshipment capacity of the terminal is now over 15 million tonnes. The Batumi Sea Port, which was acquired in 2006, has begun to develop along similar lines and will soon be lifting the first container in its history. Both businesses will continue to develop and provide jobs for many Georgians.
The Kazakh government with its huge oil reserves is an excellent strategic match for securing the company’s future growth and development. With Kazakh involvement it will be possible to have a stable flow of oil via the transit corridor, thus supporting more than 20,000 Georgian workers on this route in addition to the already more than 2,000 employees in Batumi Oil Terminal and Batumi Sea Port.
We will continue to manage both facilities on behalf of KazMunaiGas for the foreseeable future.
We are proud of what we all have created together; we are equally pleased with the prospect of KazMunaiGas leading these prestigious companies forward to reach new heights.”
For further information please contact:
Mzia Gegenava +995 222 31818
Bente Rasmussen at +44 207 6291818
08.10.2007
In order to promote the tourism industry in Georgia, in particular in Adjara where Batumi sea port is located and with the view of our membership of the International MedCruise Association, Batumi Sea Port Limited decided to provide the following discounts on port dues for cruise vessels, effective from 01 January 2008:
- vessels with conditional volume up to 40,000 m
3 will be granted by 50% discount
- vessels with conditional volume above 40,000 m
3 will be granted by 60% discount
Order N 150/A dated 08/10/2007
20.09.2007
Batumi Port commences container operations together with International Container Terminal Services Inc.
Harsh Khare, Vice President of International Container Terminal Services Inc. and Mogens Hansen, Executive Chairman of Batumi Port have today signed an agreement for the development and operation of the container terminal of Batumi Port.
“The Greenoak Group acquired Batumi Port in 2006 with the objective of modernizing the Port in the same way the Group has modernized the Oil Terminal. With this agreement concluded we are pleased that such a distinguished company has joined Batumi Port. This is the next step in upgrading Georgia’s strategic port of Batumi to a high international standard” – said Mogens Hansen.
International Container Terminal Services Inc. established in 1987 is widely recognized as a leading operator of container terminals, innovator and pioneer in its field.
“Our company is always looking for good opportunities. We believe that Batumi, having a strategically important location, has a great potential. Together with our new partner Batumi Port, we are going to develop the container terminal and bring it to an international standard transforming it into a world class container terminal” – Harsh Khare stated after the signing ceremony.
Batumi Sea Port was acquired by the Greenoak Group in May 2006. It includes an oil pier with several berths, container berths, dry/general bulk cargo berths, ferry bridge and passenger berths. The Greenoak Group came to Georgia in 1999 and has invested more than US $ 200 mio employing more than 3,000 Georgian citizens.
For further information please contact
Batumi Sea Port Limited Nugzar Katamadze + 995 222 31818
International Container Terminal Service Inc Harsh Khare + 971 4 3938076
8-10.07.2007
On July 8-10, 2007 the next in turn annual oversight Audit of Quality Management System was conducted in the Batumi Sea Port Ltd by independent auditors Bureau Veritas (Kiev). As a result of audit Batumi Sea Port Ltd confirmed its compliance to the requirements of International Quality Standard ISO 9001-2000 and obtained new Quality Certificate.
19-20.05.2007
Batumi Sea Port was visited by Mr. Peter Cox - Director of cruise line "Seabourn" and Mr. Bruce Krumrine - Vice-president of cruise line "Princess Cruises ". The purpose of their visit was studying the tourist infrastructure of Batumi, with the purpose of inclusion of Batumi in "Princess Cruises" and "Seabourn" cruise lines’ routes.
17-18.05.2007
Authority of Batumi Sea Port took part in
30th session of General Assembly of International Association "MedCruise", alongside with 50 representatives of 35 Mediterranean and the Black Sea ports. The questions of cruise industry development in Mediterranean and the Black Seas was considered at session.
