2018 July 2
Russia resumes construction of TurkStream Line 2 for Europe
Russia has resumed the pipelaying operations for the second string of the Turkish Stream or TurkStream offshore gas pipeline, which aims to deliver gas to southern and southeastern Europe...
Russia taps smaller ports to keep up record wheat export pace
...Russia has so much wheat that it can’t export it all via the usual methods, so shippers are increasingly turning to a once-rare technique to get more grain on boats...
Arrest of Summa Group owners affects Novorossiysk and Vladivostok ports
Summa Group controls a number of port and logistics assets in Russia, including Novorossiysk Commercial Sea Port (25%) and FESCO Transportation Group (32.5%), which owns Vladivostok Sea Commercial Port...
2019 June 14
Crimean Sea Ports have broken the loss record from 2014. The revenues have decreased due to launching of the Crimea Bridge, lack of cargo at the ports and leasing out of Kerch ferry service which could ensure additional RUB 300-400 million of revenues per year if used by the company. The Ministry of Transport of Crimea has developed a plan on ‘financial recovery’ of seaports revealing no details though.
Crimean ports break the loss record
Crimean Sea Ports have broken the loss record from 2014. The revenues have decreased due to launching of the Crimea Bridge, lack of cargo at the ports and leasing out of Kerch ferry service which...Crimean ports break the loss record