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2023 March 29
EU carbon pricing brings new pressures – and new plays – to maritime
The EU Emissions Trading Scheme and FuelEU Maritime can offer significant competitive advantage to owners and charterers...EU carbon pricing brings new pressures – and new plays – to maritime
2023 March 24
Netherlands' plans to boost LNG import capacity could allow it to fully replace Russian gas
The Netherlands’ plans to boost its LNG import capacity by a quarter to 30 bn m3 a year by 2026 could allow the country to fully replace the 9 bn m3 of Russian gas...Netherlands' plans to boost LNG import capacity could allow it to fully replace Russian gas
2023 March 21
Alphaliner: Armada of big ships readies to hit the market as demand falters
In 2023, the world’s top eleven ocean carriers...are set to add a whopping 89 large mainline container ships to their fleetsAlphaliner: Armada of big ships readies to hit the market as demand falters
2023 March 20
LNG shipments to Europe give Russia's Novatek a profit lift
Russian gas player bucks trend by doubling net profit, boosted by greater volumes to Europe...LNG shipments to Europe give Russia's Novatek a profit lift
2023 March 15
Shipping lines refusing to cut capacity in price war
...around 738,014 TEU of capacity, or 2.8% of the fleet, is now idled, down from a peak of 3.8% in February...Shipping lines refusing to cut capacity in price war
2023 March 15
Study: Retrofitting to green ammonia will be difficult and costly
...the entire global trade fleet should begin the shift to green fuels in 2030 if the industry is to comply with global climate demands for shipping...Study: Retrofitting to green ammonia will be difficult and costly
2022 June 1
The European Council has approved the sixth package of sanctions against Russia to restrict deliveries of crude oil and petroleum products from the Russian Federation. In this context, Gibson Shipbrokers experts expect some tankers currently involved in sanctioned crude exports of Iran and Venezuela to find new employment opportunities in the interests of Russia
2022 May 27
Methanol and ammonia logistics
RF Government has issued a Decree on creation of a special economic zone (SEZ) of industrial and production type in Ust-Luga. It is to host a gas chemical cluster with a direct access to the sea. Numerous gas-to-chemicals projects have been announced in Russia but there is still a lack of terminals dedicated for handling of the products.
2022 May 25
Russia to step up its efforts in infrastructure development
When speaking at the meeting on the development of certain sectors of Russia’s transport industry, Russian President Vladimir Putin emphasized the importance to speed up the implementation of long overdue construction projects and to take into account the real demand for transportation and objective traffic forecasts. According to experts asked by IAA PortNews, it’s high time to stop developing infrastructure under ‘cargoes available’ paradigm while investments in transport facilities are a key to economy recovery today.
2022 May 20
Without the Big Four
According to information obtained by IAA PortNews, contractors representing the Big Four dredging companies (Van Oord, Boskalis, Jan de Nul, DEME) which account for over 98% of dredging works in Russian ports withdrew from Russia’s Arctic infrastructure projects in February 2022.
2022 May 18
Redirection of oil exports
Amid the pressure of sanctions on exports of its energy, Russia is interested in redirection of oil exports to the countries of Asia and Africa. Major global oil suppliers can share those markets with Russia but it is necessary to accelerate implementation of the Vostok Oil project, build up Kozmino terminal capacity and proceed with domestic production of ship equipment.
2022 May 16
Grace time for investment quota projects
RF Government has postponed for two years the deadline for implementation of investment projects on construction of fishing ships. According to Rosrybolovstvo (Russian Federal Fisheries Agency), 97 are under construction including 58 fishing ships and 39 crab catchers. USC accounts for 43% of those contracts. The fishing market players appreciate the recent measure of support while insisting on more assistance to companies which have a debt load of over RUB 450 billion.
2022 April 28
By IWW throughout the year
Upon the order of Rosmorrechflot, Admiral Makarov State University of Maritime and Inland Shipping has completed assessment of the infrastructure project on ensuring year-round navigation on the Caspian-Azov route scheduled for implementation by 2030. Navigation season on Volga-Don waterways is 244 days on the average while shipping companies confirm the demand for its extension. Cargo traffic can thus be increased to 9 million tonnes per year.
2022 April 26
Black spot: coal flows southwards
The European Union imposed restrictions on Russian coal imports while Poland banned them completely. The capacity of eastwards railways limits the deliveries to the Far East ports hence the growth of coal shipments to the ports of the Southern Basin.
2022 April 22
“Rescue of people is beyond international cooperation”
FSBI Marine Rescue Service is on the sanctions list of U.S. Department of the Treasury due to its involvement in construction of Nord Stream 2 gas pipeline. Apart from search and rescue of people in distress and response to oil spills at sea, the company ensures safety of Russia’s most offshore projects in the Okhotsk and Caspian seas and in the Arctic. In his interview with IAA PortNews, MRS head Victor Chernov tells about a balance between commercial revenues and public expenditure in view of new sanctions and delivery of hydraulic engineering facilities in 2022-2023.
2022 April 19
Mind the closing window to Europe
In March 2022, container throughput of the Baltic Basin ports affected by the sanctions fell by 44% to 123,000 TEUs. The market players expect further plunging of container turnover to 95%. What is the future of container facilities the excess of which continues aggravating?