2018 April 20
Russia, along with Qatar, Australia and the USA, will be among the world’s largest suppliers of LNG. However, its competitiveness should be improved through logistics optimization while LNG as bunker fuel can be quite expensive due to dependence on foreign technologies and equipment.
2018 April 13
Approach to Novorossiysk
Seaport of Novorossiysk, Russia’s leader in terms of throughput, is set to boost its capacity in the nearest future and to enter the pool of major container players in the Black Sea along with Ukraine’s Odessa and Romania’s Constanta. A significant factor that still limits the development is the infrastructure bottlenecks on railway and highway approaches to the port.
2018 April 11
Aleksandr Khodachek: “Improvement of PPP and concession mechanisms is needed rather than invention of new ones”
Aleksandr Khodachek, President of National Research University “Higher School of Economics” in Saint-Petersburg, tells IAA PortNews about financial instruments efficient for construction of roads, ports and icebreakers.
2018 April 6
Konstantin Krasnokutskiy: “P&I Clubs always cover the damages if they were determined with a reasonable degree of certainty”
A hallmark case concerning collision of m/v Delta Pioneer with a berth in the port of Primorsk on November 20, 2016, ended in Russia. A lawyer of the Greek shipowner, Konstantin Krasnokutskiy of Lex Navicus Concordia, told Portnews about the difficulties that the parties to the case encountered during litigation.
2018 March 30
Russia has laid a course for import substitution, introduction of new technologies in shipbuilding and support of domestic shipyards. Development of new financial mechanisms including leasing is also underway. Besides, a law is being drafted to ensure the priority deployment of vessels built in Russia while the Ministry of Industry and Trade is implementing its own project on support of LNG-powered ships.
2018 March 27
Tug of discord
The allision of the Aframax tanker Delta Pioneer with a pier at Primorsk port caused by spontaneous release of the towing line resulted in a long arrest of the ship and scandal proceedings. Finally, the court approved the amicable agreement according to which the amount payable has reduced by a half versus the amount claimed initially and approved by the court of first appearance. However, further litigation is possible while the ship has not been released so far.
2018 March 22
Integration of ecosystems
Amid the growing geopolitical tension Russian shipbuilding is keeping its way towards closer integration with Finland, its historical partner in this industry. Arctech shipyard was earlier consolidated under the control of Russia’s United Shipbuilding Corporation. Now, Russian company Transas is acquired by Finland’s Wärtsilä.
2018 March 14
Finances’ downward pressure
Amid the global freight market’s stagnation lasting for several years, its tanker segment showed a severe plunge in 2017. In February-March the largest global shipping companies posted considerable losses of the past year. The situation is expected to improve in 2018-19 though long-term forecasts are vague due to instability of the global oil market.
2018 March 6
Steering the course
Russian President Vladimir Putin has outlined the priorities of transport infrastructure development: increasing the capacity of railway links to the ports of Russia’s South and Far East, boosting cargo traffic along the Northern Sea Route, introducing innovations in shipping and shipbuilding, ecology. However, the President did not touch the issues of inland water transport or the development of land approaches to the Arctic ports.
2018 March 1
Grain by grain from Russian ports
Grain exports from Russia are record high while dedicated port facilities, fleet and infrastructure are not sufficient for this amount of grain. United Grain Company, Russia’s largest grain infrastructure and trading company, is looking into large scale investments into construction of new terminals and vessels for grain exports. However, the effect is to be seen not earlier than in 5 years.
2018 April 23
Why American LNG is no substitute for Russian gas in Europe
Washington's plan to oust Russian natural gas from the European market and substitute it with its own liquefied natural gas (LNG) shipments is not economically feasible...Why American LNG is no substitute for Russian gas in Europe
Maersk Adds Vessels for Netherlands to Russia Route
Seago Line, Maersk’s intra-European short sea carrier, has introduced new vessels to its North Europe feeder link between Rotterdam in the Netherlands and St. Petersburg, Russia...Maersk Adds Vessels for Netherlands to Russia Route
Drewry: Boxship Deliveries to Reach 1.2 Mn TEU in 2018
The full-year containership delivery total is expected to be in the region of 1 million to 1.2 million TEU, based on the current delivery schedule, according to shipping consultancy Drewry...Drewry: Boxship Deliveries to Reach 1.2 Mn TEU in 2018
2018 April 19
Newbuilding focus turns to bulkers - Allied Shipbroking
The tide has turned in the newbuilding market this week, as the focus seems to be the dry bulk segment, as opposed to tankers, which “stole the day” last week...Newbuilding focus turns to bulkers - Allied Shipbroking
New grain port to connect Russia, China
The first stage of a new grain transportation port in Fuyuan, China, connecting Russia and China will be completed by September...New grain port to connect Russia, China
2018 April 17
Russia to sign contract with India on building Project 11356 frigates — source
Russia and India are set to sign a contract on the construction of four Project 11356 frigates under a "two plus two" formula" in June this year...Russia to sign contract with India on building Project 11356 frigates — source