History

“DELO” Group of Companies (DGC) started up in 1993 by the creation of “DELO” Ltd. - the first port services agent in the port of Novorossiysk. The development strategy of “DELO” initially was designed to expand and diversify business in the freight transport market. By the end of the 90s “DELO” is a vertically integrated holding company, developing in parallel a number of interlinked business lines — stevedoring, forwarding and railway services.

In the early 2000s, as a co-owner of “Novorossiysk Commercial Sea Port”, OJSC, “DELO” started to operate on the container market and established a customer relationship with “ZIM” Integrated Shipping Services Ltd. In parity partnership with such industry leaders as a “Severstaltrans” (“N-Trance”), “National Container Company”, “FESCO” “DELO” developed “from scratch” project of construction, operation and exploitation of the Specialized Container Terminal “NUTEP” — the first one at the port of Novorossiysk. By the mid-2000s the “NUTEP” share on the Novorossiysk container market exceeds 50%, and among his clients are such world container shipping companies as “MAERSK”, “MSC”, “NORASIA”, “China Shipping” and others. The “NUTEP” container terminal troughput makes 350 thousand TEU per year and has significant growth potential at low unit capital cost. In 2011 “DELO” consolidated 100% share of the “NUTEP”.

In 2007 “DELO” acquired “Kombinat “Stroykomplekt”, JSC (KSK) adjacent to NUTEP to create on its basis a specialized grain terminal able to provide also  general cargoes transshipment . Today the capacity of the terminal is 2 million tons of grain per year and in result of  investment program for 2013 will reach 3.5 million tons.

In 2005 “DELO” started the project of integrated facilities for oil products transhipment  “NNS/NNK” Ltd. — the number of in and-out port located plants equipped with railway discharge trestle, tanks, vehicle fleet and bunker complex to provide logistic chain for storage, handling and wholesale of fuel oil, gasoline and diesel fuel. After the investment program for 2012 handling of oil products will reach over half a million tons.

At the same time “DELO” is focused on the development of transport operation and container services. Subholding company “Global Container Service” (GCS) since 1995 consists of several companies in various fields of container shipping, like agency, logistics, terminal, customs brokerage etc., active in all the major container ports of Russia, serving the traffic of more than 100 000 TEU a year.

Since 2005 “DELO” Group of Companies (DGC) is presenting consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). The auditor is PricewaterhouseCoopers.