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2022 May 11
https://tass.com
Swiss court suspends bankruptcy of Nord Stream 2 AG until September 2022
...by the request of Nord Stream 2 AG, the court in Zug, granted a temporary moratorium on the payment of loans for four months to the company...Swiss court suspends bankruptcy of Nord Stream 2 AG until September 2022
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2022 May 5
https://www.hellenicshippingnews.com
Demolition market devoid of ships
Increasing Covid-19 outbreaks in China is stalling their domestic steel demand recovery further during what is typically a peak period for steel consumption...Demolition market devoid of ships
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2022 May 5
https://lloydslist.maritimeintelligence.informa.com
Sanctions force massive Sovcomflot tanker sale
Up to a third of Sovcomflot’s owned fleet is up for grabs as the Russian state tanker giant looks to repay outstanding western loans before restrictions take effect...Sanctions force massive Sovcomflot tanker sale
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2022 May 4
https://reut.rs/3w33W8f
Startups apply artificial intelligence to supply chain disruptions
Over the last two years in response to a series of unexpected events, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruptionStartups apply artificial intelligence to supply chain disruptions
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2022 April 28
https://www.azernews.az
Azerbaijan, Russia's Astrakhan discuss prospects for shipbuilding cooperation
...the parties considered the possibility of implementing joint projects for the construction of small dry cargo ships...Azerbaijan, Russia's Astrakhan discuss prospects for shipbuilding cooperation
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2022 April 27
https://www.lr.org
Why organic chlorides are fuelling shipping concerns
The recent organic chloride incident in Singapore, where the external contamination of marine fuel oil rendered the fuel unacceptable for use, is a cause for concern to ship operators and the industry as a whole...Why organic chlorides are fuelling shipping concerns
2021 December 1
Container freight rates: taking a downward slide?
In November, container freight rates demonstrated a decrease after an impressive growth throughout the entire year of 2021. Experts are concerned about possible ‘overproduction crisis’ and excess of facilities within a couple of years following the investment of surplus profit in new containers and container ships.
2021 November 26
Chemical prospects of special zone in Ust-Luga
A Special Economic Zone is to be created in the Port of Ust-Luga, the Leningrad region. Two companies of Gazprom and RusGazDobycha will replace Baltic LNG as beneficiaries. The construction works will be performed by a Chinese company. The cluster is to produce 13 million tonnes of LNG and up to 2.4 million tonnes of LPG per year, as well as other gas products.
2021 November 19
Railway vs water: how will they balance?
The railway has been traditionally considered as a ‘killer’ of river transport. However today when Russian Railways announces the plans to revise its long-term tariff policy and amid a too slow development of railway infrastructure, water routes are in the spotlight again.
2021 November 16
Is old friend worth two new ones?
Without additional railway capacity it will be hard for Russia’s new coal terminals to reach break-even point. At the same time, their introduction will affect the economy of the existing coal ports. Insufficient capacity of Russian Railways is detrimental for both old and new market players.
2021 November 12
Volga Shipping Company looks into methanol
In his interview with IAA PortNews, Yury Gilts, General Director of Volga Shipping Company JSC (Volga-Flot JSC), tells about bunker fuel prices, new types of bunker fuel, chemical cargo carriers and retrofitting of tankers.
2021 November 11
Strategy of Seafarers' Union of Russia
The pandemic implications in the shipping industry, cancellation of visas for Russian seafarers with the Russian shelf and the Northern Sea Route for only Russian-flagged ships is foreseen by the strategy defined at the 9th Congress of the Seafarers' Union of Russia for the coming 5 years. Among the prime tasks of the organization is attraction of young people. Holders of cadet cards can join the Seafarers Union.
2021 November 10
Flying ships: prospects of hovercraft
Following our earlier insight into the prospects of hydrofoils we will now focus on hovercraft, another promising segment in domestic and global shipbuilding.
2021 November 8
Hide-and-seek with carbon: gas vs alternatives
Liquefied natural gas (LNG) earlier considered as the optimal alternative to meet the environmental standards for marine fuels is now viewed only as a transition solution. The length of LNG term and other fuels to replace it were in the focus of the 5th LNG Fleet, LNG Bunkering and Alternatives conference organized by IAA PortNews.
2021 October 28
Fuel, grain and metal: how Russia feeds its Baltic neighbors
Although 9M’2021 throughput of Russian ports climbed by almost 2%, handling of Russia’s foreign trade cargo in the ports of Finland and the Baltic states decreased. Nevertheless, Russia loaded foreign terminals with more oil products, coal, grain and ferrous metal.
2021 October 22
No grain, no sulphur: reduction of cargo traffic in Azov-Don Basin
In almost 10 month of the year, cargo turnover on inland water ways of the Azov-Don Basin decreased by 1 million tonnes versus the same period of 2020. Transportation of agricultural goods and sulphur has reduced by almost a half with the decrease demonstrated by other types of cargo as well.
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