The city sprawls along the shore of the non-freezing Tsemess Bay, which has been recognized since antiquity as one of the superior bays of the Black Sea.
The Novorossiysk Commercial Sea Port�with the market capitalization of $1,110,000,000 and shares listed at Moscow Exchange and London Stock Exchange�serves Russian sea trade with regions of Asia, Middle East, Africa] Mediterranean, and South America. It is the busiest oil port in the Black Sea and the terminus of the pipeline from the Tengiz Field, developed by the Caspian Pipeline Consortium.
Novorossiysk is also an industrial city, dependent on steel, food processing, and the production of metal goods and other manufactures. Extensive limestone quarries supply important cement factories in and around the city. The town is home to the Maritime State Academy and Novorossiysk Polytechnic Institute
