After the arrest of the Magomedovs in April, Summa Group and Transneft have stopped negotiating the sale of NCSP stake.

[8] The Federal Property Management Agency owns 20% of shares, and Transneft Services holds another 10.5%.

In 2017, Primorsk shipping was down 34.1% year-to-year, witnessing a cargo turnover of 3.7 million tons.

Baltitysk port, on the other hand, saw an 8% increase in TEU handled, accompanied by a 6% decrease in tonnage.

After the arrest of the Magomedovs in April, Summa Group and Transneft have stopped negotiating the sale of NCSP stake.

[4] The port of Novorossiysk is host to part of Russian Navy’s Black Sea Fleet.

[citation needed] Upon completion of the naval base, the Black Sea Fleet will officially move its headquarters to the Novorossiysk port.