• 2016 September 2 17:44

    “Summa” Group presents a preliminary Hyperloop feasibility study for Hunchun – Zarubino line

    Bill Shor, the Managing Director of Caspian Venture Capital, and Dr Casey Handmer, Hyperloop One Levitation Engineer, at the Eastern Economic Forum in the presence ofMaksim Sokolov, the Minister of Transport of Russia, presented a study of using Hyperloop to connect Hunchun Transport and Logistics Center (China) and the planned Big Zarubino Port (Russia).

    The study was commissioned by Caspian VC and Hyperloop One. It was carried out by Russian MosgortransNIIproekt Institute.

    The study confirmed that the Hyperloop can be used to transport cargo on the Hunchun – Zarubino Line. Engineers have produced a detailed route of the Hyperloop line taking into consideration both the technology and the terrain, they have also proposed the first technological solutions for the pillars of the future tube.

    The preliminary estimate for the CAPEX of the project is $1.5–2.1 b.

    The length of the tube is almost 65 kilometers (40.4 miles). Average speed reachable on the line is 875 kilometers an hour (544 miles an hour).

    It is estimated that on Year 5 after the project starts operation the line will be capable of carrying 18.9m metric tons of grain and 1.3m TEUs of various goods. The line’s maximum capacity is 50m metric tons in one direction.

    As a part of the study, a road map for the project was created. It is planned that it will take at least 4 years to launch the Hunchun – Zarubino line, including 3 years needed to analyze and update the regulatory framework as well as to prepare a detailed feasibility study of the project.

    ”We are excited that the technological promise of Hyperloop has been matched by such enthusiasm by China and Russia, nations which both understand the value of serious infrastructure investment and development,” said Dr Casey Handmer, Hyperloop One Levitation Engineer. “Russia and China share the Eurasian steppe, a transportation route as old as history. What ancient caravans took years to cross Hyperloop can cover in mere hours, tying together the rapidly growing economies that surround the great continent.” 

    The Hyperloop technology incorporates reduced-pressure ( air pressure 1/1000 of normal) tubes in which pressurized capsules move efficiently at extremely high speed in the low friction environment. The diameter of the pipe is 6.8 meters (19.7 feet). Capsule is roughly 21 meter (69 feet) long and can carry 2 TEUs. The loading, movement, and unloading of the capsule is automated, on demand, and point to point. The total capacity of a loaded capsule is roughly 30 metric tons.

    “Summa” Group expects to launch the Big Port Zarubino in Troitsy Bay, 18 km from the border with China. The cargo base should be formed largely by Chinese goods, including goods travelling from the northeastern to southern provinces of China. Also, the port will handle Russian export grain. The port will include grain, container and bunkering terminals. The projects also implies large-scale modernization of transport and power infrastructure between Hunchun (China) and Zarubino (Russia). Total investments into the project could reach $2.6-3 billion. 

    Caspian VC Partners creates successful long-term relationships by investing their capital, time and strategic expertise into portfolio companies in the global technology sector. Caspian VC Partners backs outstanding entrepreneurs, their teams and their vision. Its portfolio includes such companies as Uber, Uber China, Hyperloop One, Diamond Foundry and ASAPP.

    Hyperloop One is reinventing transportation by developing the world’s first Hyperloop, an integrated structure to move passengers and cargo between two points immediately, safely, efficiently, and sustainably. Our team has the world’s leading experts in engineering, technology and transport project delivery, working in tandem with global partners and investors to make Hyperloop a reality, now. Headquartered in Los Angeles, the company is led by CEO Rob Lloyd and co-founded by Executive Chairman Shervin Pishevar and President of Engineering Josh Giegel.


2024 April 18

18:02 DEME wins cable installation contracts from Prysmian for IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems
17:31 RINA awarded contract for Carnival Cruise Line 4th and 5th Excel-class ships
17:18 Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
16:48 ClassNK commences joint research project with JAXA on material compatibility evaluation methods for liquefied oxygen
16:24 Panama Canal announces new measures regarding number of transits and maximum draft
15:50 Kongsberg Maritime secures contract to supply propeller systems to Damen Naval for four Anti-Submarine Warfare frigates
15:24 LR to class Torghatten Nord’s hydrogen-powered ferry duo for Arctic sailings
14:04 CMA CGM sells part of the foreign activities of Bolloré Logistics to the Balguerie Group
13:40 Methanol Institute and SEA-LNG unite against EU trade barriers to biomethane and biomethanol fuels
13:23 DP World launches a new Air Tracking feature to its SeaRates platform
12:31 Port of Los Angeles container volume increases 19% to 743,417 TEU in March 2024
12:16 MABUX: Bunker Outlook, Week 16, 2024
12:11 Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore
11:43 Ocean Network Express launches reduced emissions shipping service
11:23 Wartsila cargo handling and fuel gas supply systems selected for three new Very Large Ethane Gas Carriers
10:45 Singapore plans production of biofuel blends up to B50 in grade
10:25 Maritime and Port Authority of Singapore and International Energy Agency сollaborate on maritime energy transition

2024 April 17

18:03 Australia and Singapore partner in a $20 million initiative to help reduce emissions in the maritime sector
17:38 EPS strengthens green collaboration with MPA with six Singapore-registered ammonia dual-fuel newbuilds
17:03 HD Hyundai, Scottish firms to cooperate on offshore wind power
16:16 Hanwha Ocean wins 176.4 bln-won order for 1 LPG carrier
15:46 Maritime Book and Claim System advances pilot study to support first movers in zero-emissions shipping
15:00 Port of Antwerp-Bruges cargo volumes up 2.4% to 70.4 million tonnes in Q1 2023
14:47 DOF Rederi AS sells PSV Skandi Gamma
14:24 PIL, CCS partner on alternative fuels and onboard carbon capture and storage
13:44 Total volume of bunker fuel sales at the port of Fujairah increases by 25.2% to 700,918 m3 in March 2023
12:11 Eureka Shipping announces construction of new cement carrier for Great Lakes trade
11:32 MOL to adopt new system to increase capacity and improve operational efficiency of car carriers
11:12 GTT receives an order for the tank design of eight new LNG carriers
10:43 Thailand's Department of Marine and Coastal Resources takes delivery of a new research vessel
10:27 The United States exported a record volume of natural gas in 2023
09:58 TECO 2030 raises NOK 43 million and partners up with Advait in India

2024 April 16

18:04 HD KSOE attains 73% of annual order target in 100 days
17:31 Anglo-Eastern buys Euronav ship manager
17:06 Navig8 takes delivery of the second of six newbuild MRs with emission reducing technology
16:38 IMO’s Facilitation Committee tackles digitalization and autonomous shipping
16:12 World’s largest car carriers ordered with MAN Energy Solutions propulsion package
15:46 Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
14:13 Asyad Shipping and OQ8 successfully complete first-of-its-kind blended crude oil delivery from Mina Al Fahal to Duqm Refinery
13:54 Hapag-Lloyd unveils its new Strategy 2030
13:14 Singapore aims for over 1 mln tons of low-carbon methanol bunker supply by 2030
12:43 Trafigura to commercially deploy Daphne Technology’s PureMetrics on LNG carrier for precise MRV and optimisation of GHG emissions
12:15 All 12 people rescued from fire on board Tanzanian-flagged cargo ship in Singapore waters
11:49 Drydocks World steel cutting ceremony marks start of UK Norfolk Vanguard Offshore Wind Platforms project
11:23 North Pacific Green Corridor Consortium aims to decarbonize transportation corridor between Canada, Japan and South Korea
10:48 Wartsila offers new high-performance thruster and propulsion control solution package
10:25 Port of Long Beach container volume up 8.3% to 654,082 TEUs in March 2024
09:58 Kalypso Offshore Energy signs LOI with Royal IHC

2024 April 15

18:04 Container shipping costs of S. Korea-EU route surge 40 pct amid Red Sea crisis
17:21 HMM to expand container ship fleet by 2030
17:09 Singapore retains its position as the world's leading maritime city
16:47 Iran says MSC Aries vessel seized for 'violating maritime laws'
16:24 ICTSI gets PPA OK to operate Iloilo Port
15:21 DEME’s offshore installation vessel ‘Orion’ successfully completes the near 15 MW turbine foundation installation project in Scotland and heads to US
14:55 Meriaura orders two biofuel powered 6750 DWT cargo vessels from Royal Bodewes shipyard
14:35 Methanol-fuelled MAN 21/31DF-M GenSet secures first propulsion order
13:32 Port of Valencia export freights grow by 2.13% in March 2024
12:48 Seatrium and Shell inks MOU to further collaborate on floating production systems
12:24 Seaspan launches second LNG bunkering vessel to deliver low-carbon energy solutions to the West Coast
11:57 Japan's 1st coastal module carrier to transport offshore wind turbine foundation components
10:36 EST-Floattech to provide the battery system for the purpose-built electric-landing utility vessel

2024 April 14

16:02 Shanghai's ship exports see considerable growth in Jan-Feb
14:13 Stena Drilling secures 1-well firm programme with Energean for Stena Forth in Morocco
12:07 GSBN: Lack of digital processes in shipping complicates decarbonization game
10:22 Panama Canal expects return to normal transit capacity by 2025

2024 April 13

15:04 Subsea7 awarded contract in the Gulf of Mexico
13:51 Shanghai Electric’s 'ZHI ZHEN 100' excels thorough offshore equipment test
11:18 WSC: Updated version released of “Prevention of Pest Contamination of Containers: Joint Industry Guidelines for the Cleaning of Containers”
09:43 Financiers and insurers ready to support electrification of the domestic harbour craft sector

2024 April 12

18:02 The first LNG bunkering operation performed at Klaipeda Port