JSC Vostochny Port in Vrangel Bay (Primorsky Region) is the largest specialized coal port in Russia. In 2019 the company handled 25.51 million tons of products, which is 14% of Russia's sea exports and 26% of the cargo turnover of ports in the Far East. In Primorsky region this is the only terminal capable to handle capesize vessels up to 180 th. tons. The main consignees of the port are South Korea, Japan and China as well as other countries of the Asia-Pacific region.
JSC Vostochny Port uses its own developments and equipment from the world's leading manufacturers. High capacity and speed of cargo handling are achieved with the most modern equipment used at all stages of coal shipment.
Investment projects in the seaport industry were launched in the summer of 2012 by Russian President Vladimir Putin said to build additional port export infrastructure in the Far East, including open-access coal terminals with a capacity of at least 20 million tons per year. In the autumn of 2012, the port management decided to launch a large-scale investment project to build the Third Stage of the Specialized Coal Complex of JSC Vostochny Port at its own expense and without financial burden on the state budgets. The Third stage is a continuation of the existing specialized coal production transshipment complex of JSC Vostochny Port and is a fully automated terminal for transshipment of coal from railway to sea transport with parallel provision of coal storage and processing services.
The project includes 4 warehouses with a total capacity of 780 thousand tons, 2 berths. The complex is equipped with high-tech equipment. The construction of the Third stage is synchronized with a large-scale project of Russian Railways for the development of the BAM and TRANS-Siberian railway. The volume of investments in the construction of the Third stage exceeded 40 billion rubles.
The commissioning of the Third stage will create an additional 600 jobs and guarantee timely and high-quality processing of constantly growing coal cargo flows and increase trade turnover with the countries of the Asia-Pacific region.
On April 10, 2019, the third stage of the ship's first experimental loading took place as part of the tests under the load of technological equipment.
The official launch of the Third stage of the Specialized Coal Complex of JSC Vostochny Port took place within the framework of the Eastern Economic Forum in September 2019. Via a teleconference from the Eastern Port, the Russian President and the Indian Prime Minister were also able to observe the loading procedure of the first ship in the Third stage. The MIN SHENG 1 bulk carrier took on board 80 thousand tons of high-quality coal of JSC Kuzbassrazrezugol management company for the largest metallurgical company in India – JSW Steel Ltd.