Logistics

Logistics is not a reportable business segment, but represents an important part of our vertically integrated business model and makes an important contribution to our competitiveness. Our logistics assets include three port facilities (Murmansk Bulk Terminal, Sillamae liquid terminal and Tuapse transhipment terminal), long-term leases on cargo ships and our own rail facilities (ca. 7,000 rail stock and 45 locomotives). The financial benefits that we extract from our logistics assets manifest themselves in costs of the reportable segments.