• 2018 March 13 12:08

    Eurasian Development Bank will refinance expenses State Transport Leasing Company for construction of river-sea oil tankers

    The Eurasian Development Bank (EDB) and the State Transport Leasing Company (GTLK) made a loan agreement to refinance GTLK’s expenses for the construction of river-sea oil tankers (three RST54 and two RST27 vessels) at Russia’s Oka Shipyard. The document was signed by Andrey Beliyaninov, Chairman of the EDB Management Board, and Sergey Khramagin, GTLK General Director. The loan totalling US $50.2 million will be provided for 5.5 years, says EDB.

    The new tankers were built in accordance with the requirements of the International Convention for the Prevention of Pollution from Ships (MARPOL 73/78). When constructed, they were provided into finance lease to BF Tanker to transport fuel oil and other oil products in Russian watercourses.

    The project aims to solve an important task of upgrading river fleet, which is one of the EDB’s strategic priorities. The Bank recognises the high potential of these projects fulfilled in cooperation with market leaders, GTLK in particular, as regards the advancement of the transport systems in its member states.

    EDB experts estimate that the use of these vessels will help to boost Russian exports. The additional output in related sectors during vessel construction and operation is expected to total US $111.65 million.

    Over eight years of the project, including the period of vessel construction at the shipyard, the total gross output will approximate US $202 million, or US $25 million a year. In addition, dozens of jobs will be created to operate the tankers.

    The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

    The State Transport Leasing Company (GTLK) is Russia’s largest player in the lease market. It leases out aircraft, vessels, rail transport, road vehicles and special equipment to domestic transport enterprises and invests in the development of Russia's transport infrastructure. The company's sole shareholder is the Russian Federation represented by the Ministry of Transport. GTLK holds double-B ratings from the world’s three leading international rating agencies and an A+(RU) national rating from ACRA. As at 30 September 2017, GTLK's IFRS assets exceeded RUB 291 billion.

    Related link:

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2018 April 27

11:23 Cargo handling at the port of Antwerp (Belgium) forecasted to reach 235 million tonnes in 2018, up 5-6% Y-o-Y (photo)
11:00 ClassNK Electronic Certificate System wins Technical Innovation Award at Seatrade Maritime Awards Asia 2018
10:41 Bunker prices are going down at the Port of Saint-Petersburg, Russia (graph)
10:27 Brent Crude futures price down 0.27% to $74.54, Light Sweet Crude – down 0.23% to $68.03
10:09 Crowley named a healthiest company in America for fifth straight year
09:52 More than one third of works under first phase of MTH project fulfilled to date – Marina Kovtun
09:43 APL honoured with “Ship Operator Award” at Seatrade Maritime Awards Asia 2018
09:16 Baltic Dry Index down to 1,375 points

2018 April 26

18:35 British Ports Association elects Alec Don as new Chairman
18:05 AIDA launches 2018 cruise season in Rostock
17:35 Cruise season begins in Stockholm
17:05 Royal IHC delivers 4000 tonnes crane vessel GULLIVER to Scaldis
16:49 Tallink launches virtual customer services assistant Nemo
16:34 IMO meeting in July to continue 2020 preparations
16:05 Aker Solutions upgrades Aberdeen site to target growing subsea services market
15:50 Cruise season in Tallinn starts on April 26 with this year’s first cruise vessel Viking Sea calling the Old City Harbour
15:35 New report of Intrernational Transport Forum assesses Japan’s ambition to become an international bunkering hub for LNG
15:34 MEPC 72: ISO confirms plans to develop interim guidance for 0.50%S bunker fuel
15:33 Hamburg newly elected Board Member for Cruise Europe Association
15:19 50 percent Co2 cut by 2050 – governments must acknowledge enormity of what IMO has agreed - ICS
14:49 IMO takes first step toward Arctic HFO ban, but first needs to define ‘HFO’
14:10 Highway section of Crimea Bridge passed acceptance tests (photo)
13:02 The newly established Klaveness Combination Carriers AS to form part of the solution to the ambitious climate strategy passed on by IMO
12:24 IPCSA is new honorary partner for Ports 4.0 Conference in Tallinn
12:22 Revenue at port of Amsterdam grows in 2017
12:01 GTT and Sembcorp Marine sign a license agreement for the design and construction of membrane tank solutions
11:48 Boskalis towage joint venture Keppel Smit Towage names first LNG powered harbor tug in South East Asia
11:39 2,258 icebreaker escort operations performed in eastern part of Gulf of Finland this winter navigation season
11:39 DP World reports 7.3 % gross volume growth in first quarter of 2018
11:13 Bunker prices are slightly down at the Far East ports of Russia (graph)
10:42 Klaipėdos nafta starts allocation of LNG terminal capacities for new gas year
10:15 Brent Crude futures price up 0.61% to $74.45, Light Sweet Crude – up 0.48% to $68.38
09:54 IMO reaffirmed support for its African Member States
09:32 Azerbaijan Caspian Shipping Company’s shipyard repaired ferry vessel owned by Sea Trade Fleet of Turkmenistan
09:17 Baltic Dry Index up to 1,376 points

2018 April 25

18:31 Westcon appeals the court judgement regarding the TSV Safe Scandinavia conversion
18:18 Three-day event held in Papua New Guinea focused on safety of domestic ferries
18:16 Fast ferry for Angolan Transport Ministry launched at Damen Shipyards Singapore
18:12 DNV GL develops offshore safety guidance for Greek Regulator
17:56 Sredne-Nevsky Shipyard launches yet another minesweeper of Project 12700
17:29 Qatargas delivers its first LNG cargo to Bangladesh as part of agreement with Petrobangla
17:02 Russian Railways announces 2017 Consolidated Results under IFRS
16:37 Polskie LNG CEO Paweł Jakubowski: LNG terminal extension program is speeding up
16:05 Wärtsilä partners with the Maritime and Port Authority of Singapore to promote maritime technologies
15:48 Profit attributable to shareholders of NOVATEK decreased by 39.3% to RUB 43.1 billion
15:30 Volga Shipping Company opens navigation on the Upper Volga river
15:14 MOL expands its NVOCC business with the unified brand "MOL Worldwide Logistics"
15:06 BWMS manufacturers and stakeholders set up new association BEMA
14:55 Innovative Damen RSD Tug 2513 kicks-off introduction tour in Italy
14:09 Ilari Kallio appointed Chief Digital Officer at Konecranes
13:20 Nakilat records 13% increased profits for the first quarter of 2018
12:59 Philippines accedes to air pollution and energy efficiency rules
12:33 Cruise season begins at the Port of Gdansk
12:09 HELCOM progresses firmly towards reducing input of pollutants into the Baltic Sea
11:51 8,791 ships are fitted out with the GLONASS navigation equipment - Dmitry Rogozin
11:28 All seaports in Crimea will be fully equipped with GLONASS system in 2018 - Dmitry Rogozin (photo)
11:09 Keppel Offshore & Marine signs MOU with MPA and TCOMS to jointly develop autonomous vessels
10:50 LUKOIL BoD recommends dividend distribution for 2017 in the amount of RUB 215 per ordinary share
10:26 Brent Crude futures price up 0.08% to $73.8, Light Sweet Crude – down 0.13% to $67.61
10:09 WinGD wins marine propulsion Emissions Reduction Award