2019 September 9
Aleksandr Babich: “Operational leasing is a very promising activity”
MASHPROMLEASING JSC is boosting its portfolio of shipbuilding projects. In his interview with IAA PortNews, Aleksandr Babich, General Director of MASHPROMLEASING JSC, tells about specific features of leasing for various types of ships, financing of PV300 cruise ship and prospects of the operational leasing.
2019 September 5
For those in a tanker
Virtually all largest tanker operators worldwide, excluding Sovcomflot of Russia that had successfully diversified its business, demonstrated a loss in the first half of 2019. Meanwhile, both refineries and tanker fleet operators are preparing for environmental restrictions effective from 2020.
2019 August 29
Good port – deep port
Russia continues intense development of its port infrastructure that implies a considerable scope of dredging works. Rosatom has joined the list of customers. Among the largest dredging projects are dry cargo area of Taman port, Utrenny terminal, port in Pionersky, port Lavna. The construction of a fleet of dredgers is underway in Russia.
2019 August 22
Scrubbers stand to their colours
Although some large ports worldwide impose bans on open loop scrubbers and closed ones feature high price and weight, global shipping industry continues equipping ships with scrubbers while scientists emphasize larger emissions of green house gases during the production of low sulfur fuel as compared with that of high sulfur content.
2019 August 18
BELFREIGHT expanding horizons
In recent years, Russia has been active in the Arctic. Belfracht is one of the shipping companies that has been operating in the region for a long time. The Belfreight press office told IAA PortNews about the shipping company’s activity, development plans, outlook for shipping along the Northern Sea Route and the problem of illegal ship breaking at yards in the Arkhangelsk region.
2019 August 13
Blurred border lines in the water
There is a complicated situation unfolding in the Russian part of the Gulf of Finland concerning marine border crossing rules: mooring of commercial vessels at some anchorage locations in the harbours of Primorsk and Ust-Luga appeared to be illegal. Border service officials reported several masters had been fined. Now to solve the problem it is to be micromanaged.
2019 August 11
Are rival foreign terminals doomed to loose Russian exports flow?
Several new port development projects have been announced recently in Russia. The projects successful implementation will likely help shift Russian exports flow, primarily bulk cargo, currently transshipped at foreign ports, to Russia’s harbours. This half-year results showed a 20-percent drop in Russian cargo transshipment through foreign ports, to 21.35 million tonnes.
2019 August 2
Not that easy for the Dutch
We are used to talking about the low competitiveness of Russian shipyards. However, not everything is so simple abroad. Thus, one of the leading shipbuilding groups Royal IHC, specializing in innovative shipbuilding, does not seem to stand up to global competition being in a crisis situation, disrupting the delivery time of ships and increasing the cost of their construction.
2019 July 29
See the bottom and survive
Without normal flood on the Oka river, it has gone low and unnavigable that resulted in cancellation of voyages and some companies’ losses. Representatives of the shipping community blame the Moscow Canal for not performing dredging at the appropriate time while the Canal representatives say that the dredging is underway. The situation is aggravated by an incident in Tushino and suspension of works on the Beloomut hydraulic engineering system.
2019 July 24
Containers stumbling but going up
In the first half of 2019, Russia’s container market grew by 8.5% to 2.98 million TEUs. The industry experts say the growth can be as high as 9%, or 6.1 million TEUs, by the end of the year. However, certain macroeconomic and geopolitical conditions as well as development of outer ports on the Baltic Sea are required to ensure further stable growth.
2020 May 29
Regular fish transportation by Northern Sea Route: incentives and conditions
Incentives for ice-breaking services, guaranteed freight on return voyages and consolidation of the cargo flow will result in regular fish supplies from the Far East to European Russia by the Northern Sea Route...Regular fish transportation by Northern Sea Route: incentives and conditions
Russian Customs Finds 70 Tons of Cheese Smuggled from the EU
Russian custom officials did not say who is behind the fine-EU-food smuggling, but said that the goods were intended for a Sankt-Peterburg based company...Russian Customs Finds 70 Tons of Cheese Smuggled from the EU
Tanker crosses Russian Arctic route without icebreaker assistance
On May 19, the Christophe de Margerie kick-started this year’s Northern Sea Route shipping season on a voyage across the eastern part of the coveted shipping lane...Tanker crosses Russian Arctic route without icebreaker assistance
2020 May 28
CONTAINER RATES ALERT: Continued global uncertainty hits rates, but worst fears yet to be realized
...despite the widespread ramifications of Coronavirus, rates held comparatively steady for the month of May...CONTAINER RATES ALERT: Continued global uncertainty hits rates, but worst fears yet to be realized
The role of combustion engines in decarbonization – seeking fuel solutions
Internal combustion engines (ICEs) represent the dominant technology in marine propulsion today. If ICEs are to play a role in the decarbonization of shipping, suppliers, regulators, shipowners and engine manufacturers will have to agree on viable alternatives to carbon-based fuel.The role of combustion engines in decarbonization – seeking fuel solutions
2020 May 26
Market Update: The tanker market on a roller coaster
In the VLCC segment, we have seen rates commuting between $25,000-250,000/day and in the MR segment between $15,000-70,000/dayMarket Update: The tanker market on a roller coaster