Assad, Billionaires, Delaware River, iron mine, kursk, Made in America, Made in Russia, mining, New Jersey, NLMK, Port of Paulsboro, ruble, Russian Billionaires, Russian Olympic committee, Russian Steel, sanctions, Sochi Olympics, steel tycoon, Syria, Trump Victory, Trump win ruble, Trump win Russia stocks, turning Russian steel into American steel, Vladimir Lisin, weapons
The first of many planned steel shipments from Russian Steelmaker NLMK to the US arrived at the new Port of Paulsboro facility in New Jersey on Wednesday, March 1, 2017, according to NJ .com. NLMK is apparently a competitor to Russian oligarch Roman Abramovich’s Evraz.
NLMK is controlled by majority shareholder Vladimir Lisin, who is ranked 116th on the Forbes list of world billionaires. According to Forbes, as of March 7, 2017, his net worth is $15 Billion, a huge increase from the $9.3 Billion which was his net worth in 2016.
Within three days of the Trump Victory his net worth increased by $830 million. Between Trump’s victory last November and January 9, 2017, he gained $1.4 billion in net worth, according to Forbes staff writer Dan Alexander, who credits the overall rising value of Russian stocks and currency in the wake of the Trump win.
Lisin serves as Vice President of the Russian Olympic Committee and served on the board of the Sochi 2014 Olympic and Paralympic Organizing Committee.
A ship owned by his shipping company, Professor Katsman, was accused of transporting weapons to the Syrian government in the early days of the Syrian Civil War (2012), which was apparently denied. At one point, they reportedly denied knowing what was on the ship when it arrived in Syria (See details further below).
“Vladimir Lisin (born 7 May 1956 in Ivanovo) is a Russian steel tycoon. He is chairman and the majority shareholder of Novolipetsk or NLMK, one of the four largest steel companies in Russia” He is one of the wealthiest men in Russia and in the world. “His business interests, apart from steel, include transportation and logistics (with stakes in St Petersburg Sea Port, Tuapse Commercial Sea Port, North-Western Shipping Company, Volga Shipping Company), energy (stakes in Chermonorneftegazand Severneftegaz), and utilities (Russian grid companies Federal Grid Company and Distribution Grid Company of Center). These predominantly Russian assets are controlled via Fletcher Group Holdings… He is the President of the European Shooting Confederation, the Russia Shooting Union and has been appointed vice president of the Russian Olympic Committee….” https://en.wikipedia.org/wiki/Vladimir_Lisin https://en.wikipedia.org/wiki/Sochi_2014_Olympic_and_Paralympic_Organizing_Committee
The iron mine from which this Russian steel is supposed to be made (unless it is recycled). Ugly isn’t it! Iron and steel don’t grow on trees, but destroys trees.
“Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK’s share of domestic crude steel production is about 21%. It primary produces flat steel products, semi-finished steel products and electrical steels. NLMK also produces specialty coated steels, plus high-ductility and micro-alloyed steels.
… in 1993 began the process of privatization by distributing company shares to its employees… In 1998, Vladimir Lisin became the chairman. The manufacturing area in Lipetsk covers 27 square kilometers. Less than half of NLMK’s output of steel is sold in Russia. The company’s primary source of iron ore is now Stoilensky GOK, a company which is 350 km from the mills at Lipetsk.
Currently Novolipetsk Steel (NLMK) located in Lipetsk is one of the world’s most profitable steel companies per tonne of production and by far the most profitable steel-making company in Russia, with an EBITDA margin of $2,28 bln (-3%). Company’s revenue (US GAAP) in 2013 is $10,909 bln, net profit — $189 mln.”
The port is on the site of the US government’s first land purchase by the Continental Congress on July 5, 1776. Symbolic for Russia?
“The Port of Paulsboro is located on the Delaware River and Mantua Creek in and around Paulsboro, in Gloucester County, New Jersey, US, approximately 78 miles (126 km) from the Atlantic Ocean. Traditionally one of the nation’s busiest for marine transfer operations, notably for crude oil and petroleum products, such as jet fuel and asphalt, it is a port of entry with several facilities within a foreign trade zone.
A part of the port is being redeveloped as an adaptable deep water omniport able to handle a variety of bulk and break bulk cargo, as well as shipping containers. It is targeted to become a manufacturing/assembly center for wind turbines for the development of wind power in New Jersey and other offshore wind power projects along the East Coast of the United States. The Paulsboro Marine Terminal, as it is known, is owned by the South Jersey Port Corporation and operated by Holt Logistics. The first ship is expected to arrive at the new facility in February 2017 carrying steel for NLMK.
The Port of Paulsboro is one of several in the Delaware Valley metro area and is situated on the east banks of the Delaware River in Gloucester County, New Jersey across from Philadelphia International Airport. The 96-acre (38.8 ha) site of Fort Billingsport was the first land purchase by the United States government, made by the Continental Congress on July 5, 1776.” https://en.wikipedia.org/wiki/Port_of_Paulsboro
Tweet re Professor Katsman ship and weapons to Syria:
The topic was addressed by Reuters:
“UPDATE 1-Russian arms shipment en route to Syria-report“, By Louis Charbonneau, Fri May 25, 2012 “UNITED NATIONS, May 25 A Russian cargo ship loaded with weapons is en route to Syria and due to arrive at a Syrian port this weekend, Al Arabiya television said in a report that Western diplomats in New York described on Friday as credible… One diplomat told Reuters that the vessel, which is called Professor Katsman, is owned by a Maltese firm, which is owned by a Cypriot company that is owned by Russian firm.”
According to Convenient Flags Blogspot, 12 June 2012: “Universal Cargo Logistics (UCL) admitted last week that the container vessel had docked in Syria, but said the firm had no knowledge of the cargo’s contents as they were in sealed containers and passed by Russian customs officials… Professor Katsman, managed by the North Western Shipping Company, delivered the cargo of arms to Syria” (Excellent summary: 12.6.12 “Professor Katsman: Vladimir Lisin beneficial owner” see here: http://convenientflags.blogspot.com/2012/05/odai-professor-katsman-laden-with-arms.html
Writing in The Daily Beast, 2014, Michael Weiss addressed both this topic and the more general topic of why Britain wouldn’t stand up to Putin: “Britain’s KGB Sugar Daddy: To understand Britain’s cowardice in standing up to Vladimir Putin, just follow the money,” 03.07.14
At the time, according to Weiss, Lisin’s net worth was $15.9 billion (citing Forbes). Weiss explains regarding the weapons shipment: “In June 2012, I discovered that a Russian cargo ship called the Professor Katsman, which had already been accused by Western diplomats of running weapons to Assad via Syria’s Russian-maintained port at Tartus, was owned by Lisin through a series of multinational shell companies. As with a lot of Russian businesses, the ownership was concealed in a matryoshka dolls-like series of parents and subsidiaries. The boat was technically registered by a Maltese concern called Rusich 12 Ltd, which was owned by a Cypriot one called Russich-NW Shipholding (PDF ), which belonged to North Western Shipping, a Russian entity, which was controlled by Universal Cargo Logistics (UCL) Holding, an international transportation group with corporate addresses in Moscow and Amsterdam. UCL Holding is widely acknowledged as Lisin’s shipping behemoth. Its Amsterdam address, as I noted at the time in the Telegraph, gave sufficient grounds for the Netherlands and other E.U. members-states, which had imposed an arms embargo on Syria, to investigate whether or not the Katsman had violated European law. Moreover, if the British government itself investigated this ship and found evidence that it had been shipping weapons to Syria, then what might be doable to any assets or properties owned by Lisin in the UK, such as his 3,300-acre Aberuchill Castle estate in Perthshire, Scotland?” (Excerpted from the article http://www. thedailybeast.com/articles/2014/03/07/britain-s-kgb-sugar-daddy.html ) Note  http://henryjacksonsociety.org/wp-content/uploads/2012/06/MaltaDoc.pdf
“Russian Billionaires, Including Some Tied To Putin, Have Gained $29 Billion Since Trump’s Election“, JAN 9, 2017, by Dan Alexander, FORBES STAFF, except: “Steel magnates Alexey Mordashov and Vladimir Lisin were other big gainers, adding $1.6 billion and $1.4 billion, respectively, since the election. Roughly $830 million of Lisin’s gain came within three days of Trump’s victory.”
From Forbes world billionaires list:
* #116 Vladimir Lisin
* Real Time Net Worth As of 3/7/17
* $15 Billion
* 2016 Billionaires Net Worth
* $9.3 Billion
“Transport Malta ‘monitoring’ Russian arms dealer’s Maltese subsidiary
Ship suspected to have transported arms to Syria is owned by one of several Maltese subsidiaries owned by Russian billionaire, ” by Matthew Vella, 11 June 2012, Malta Today
“First import of Russian steel arrives at new Paulsboro port“, By Caitlyn Stulpin, For NJ. com , on March 02, 2017 at 6:57 PM
Comment laughs over them saying that they are going to turn the Russian steel which just arrived into American steel! http://www.lipstickalley.com/showthread.php/1152434-First-import-of-Russian-steel-arrives-in-NJ
Additional links are found with the picture: https://commons.wikimedia.org/wiki/File:Professor_Katsman_in_Assens_harbour_(9106601041).jpg
Wikipedia Reference Port of Paulsboro
1. “Paulsboro Marine Terminal – South Jersey Port Corporation“. Retrieved 24 January 2017.
2. “Port of Paulsboro moves forward with Holt Logistics deal“. Retrieved 24 January 2017.
3. “First ship to dock at Paulsboro, carrying Russian steel and economic hope“. NJ .Com Retrieved 24 January 2017.
4. Colimore, Edward (December 10, 2007). “Fighting to save remains of a fort – Paulsboro is home to a key military installation from the Revolutionary War“. Philadelphia Inquirer. philly.com.