2012-06-01, 11:31
Exceptional Estonian Port of Sillamae
© Silport photo
Estonian port of Sillamae plans significant changes and investments. This port plans to build new container terminal with its access roads.
Also, there are plans to revive passenger shipping line to Kotka (Finland) and to one of the Russian ports. The town of Sillamae has a U.S. steel plant Molykorp Silmet. This company along with some other prominent Russian businessmen is the main sponsors for various development projects. They also own and operate Sillamae port company Silport. Each year, Molykorp Silmet manages to make production worthy of 11 million U.S. dollars. It is important to note that the Americans do not take away their profits to the U.S., but keep on investing in the region. Last year, the port managed to handle 5 million tons of cargo and this year plans to handle 6.5 million tons. In the period of five years, the ports plans to reach 14 million tons of cargo handled per year. According to such development speeds, the port of Sillamae can be compared to the Russian port of Ust Luga. The port of Sillamae contains oil terminal Alexela Sillamae, fertilizer terminal Baltic Chemical Terminal, chemistry company TankChem and multipurpose terminal SilSteve. The companies employ 400 persons.