2017 May 23
Investors will not be scared away
The main concern about availability of stevedoring services is associated with the deficit of transshipment facilities for certain cargoes. The issue can be dealt with only through investments into development of the facilities while interference of state authorities just scares away potential investors. To ensure the market balance, free capacity should make 25-30% of total terminal capacity, believes the Ministry of Transport.
2017 May 16
Yalta to welcome cruises
The port of Yalta is going to become profitable in 2017 after a loss of RUB 156 mln. The Port Director Denis Volkov is set to build up transshipment of cargo delivered from mainland Russia and make transportation of tourists by the port’s own fleet surge six times, not including the plans on Sochi – Yalta ferry service. That will be facilitated by the recent launching of the port reconstruction with budget allocations of RUB 2.6 bln.
2017 May 12
In the four-month period of 2017, throughput of Russian seaports grew by more than 10%, which exceeds the average growth of recent years. Key drivers of that growth are coal, grain and crude oil from the Novoportovskoye field, despite the OPEC oil production cut agreement.
2017 May 5
Regulate and rule
Reports on operation of Russian ports and cargo handling have recently settled among the most important news of the business industry. Sea terminals bring a significant share of income to coastal regions. No wonder that privatization of the two ports - Novorossiysk and Makhachkala – have excited the public so much. Although some authorities call on to release stevedores from excessive state regulation, others, namely the Federal Antimonopoly Service, resist this in every possible way, and the reasons for this are not entirely unclear to the market.
2017 April 27
Strategy game of Saint-Petersburg
The development of Petrolesport container terminal has been given a status of a strategic project by Saint-Petersburg Administration. However, amid the excessive container facilities the capacity of which is twice as high as even the long-term requirements, this project does not seem to be economically expedient. It is quite possible that the project is focused on the sale of land though Global Ports does not confirm that.
2017 April 21
Absolute record without a single incident
Sergei Safonichev, head of FSBI Azov Sea Ports Administration, tells IAA PortNews about the winter navigation season and current plans of ASPA.
2017 April 18
Financing of shipbuilding projects
Eternal problem of Russian economy is the inaccessibility of "long" and cheap money, which has the highest impact on industries with long payback periods. Shipbuilding is among them. Starting from 2009, the problem has been handled through subsidies provided to cover the leasing interest rates, budget financing of manufacturers and leasing companies with preferential interest. Now the discussion has unfolded around an even larger leasing program.
2017 April 17
Sovcomflot switches to gas
SCF Group, in partnership with Shell, initiated the transfer of an entire segment of tanker market to more efficient, "green" technologies. In June 2018, SCF will start operating Aframax tankers powered by LNG. Experts agree that this decision opens a new phase in the development of maritime fleet.
2017 April 10
Yevpatoria makes it to reconstruction
State expert evaluation authority Glavgosexpertiza has approved the project on reconstruction of the commercial seaport of Yevpatoria for RUB 525 mln. IAA PortNews finds out that it will cover only part of the port’s demands...
2017 April 6
From where Magadan is seen
The only “window to the world” for Magadan is the seaport, the functioning of which is crucial for the entire area. Transport isolation of the region plays into the hands of large companies seeking to monopolize the market while smaller transport and logistics businesses complain over being squeezed out of the market under far-fetched pretexts. The situation with transshipment of petroleum products in the local port is a textbook example of the competition environment in remote ports.
2017 August 18
Russia's Admiralty Shipyards to Build Compact Shipyard for Subs Manufacture
...around 5 billion rubles ($83.5 million) will be invested in the project...Russia's Admiralty Shipyards to Build Compact Shipyard for Subs Manufacture
Murmansk Transport Hub lacks cash to complete railway
Aimed at doubling current goods volums, Murmansk Transport Hub is a key infrastructure project for shipping through Russia’s only larger port in the European part with direct access to ice-free waters...Murmansk Transport Hub lacks cash to complete railway
2017 August 17
Russian energy company to invest $25.2 mln in Murmansk port's environmental protection
Siberian Coal Energy Company (SUEK) plans to invest 1.5 bln rubles ($25.2 mln) into environmental protection activities in the Murmansk commercial seaport...Russian energy company to invest $25.2 mln in Murmansk port's environmental protection
Lithuanian PM: exporting oil products via Russia dangerous for Belarus
If Moscow forced Minsk to export its oil products via Russian railways and ports, that would be economically unviable and dangerous for Belarus...Lithuanian PM: exporting oil products via Russia dangerous for Belarus
2017 August 16
Russia charts 40 years of icebreaker progress
Russia is this week celebrating the historic achievements of its nuclear-powered icebreaker fleet and has also announced project milestones for its latest vessels...Russia charts 40 years of icebreaker progress
Arctic Ocean thaw helps Russian shipping as old ice is blown west
Russian shipping in the Arctic is benefiting from winds that are driving the oldest and thickest sea ice towards North America, further opening a remote region that is thawing amid global warming...Arctic Ocean thaw helps Russian shipping as old ice is blown west