• 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 July 15

18:06 European Shipowners and Maritime Transport Unions launch initiative to support shipping and seafarers in the digital transition
17:35 APM Terminals Mumbai switches to 80% renewable electricity
17:05 Seaspan Shipyards welcomes the formation of the “ICE Pact”
16:41 World’s first entirely hydrogen-powered ferry welcomes passengers in San Francisco Bay
16:26 FMC issues request for additional information regarding Gemini Agreement
16:24 Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD
16:12 Pecém Complex selects Stolthaven Terminals and GES Consortium as H2V Hub green ammonia operator
15:43 Singapore's bunker sales rise 8.5% in the first half of 2024
15:27 TORM purchases eight and sells one second-hand MR vessel
14:55 Adani plans to build port in Vietnam
13:35 Regulator gives conditional nod to HD Korea Shipping's purchase of stake in STX Heavy
13:02 HD Korea Shipbuilding wins US$2.67 billion order to build 12 container carriers
12:51 Maersk introduces SH3 ocean service between China and Bangladesh
12:24 ABS to сlass two new Seatrium FPSOs for Petrobras
11:42 CSP Abu Dhabi Terminal surpasses throughput of 5 mln TEUs
11:11 Fincantieri launches the seventh PPA “Domenico Millelire” in Riva Trigoso
10:51 India's first transshipment port receives its first container ship
10:35 The “Egypt Green Hydrogen” project in SCZONE wins a contract worth € 397 million to export green fuel to Europe

2024 July 14

15:17 FMC issues request for additional information regarding Gemini agreement
13:06 Lummus and MOL Group begin engineering execution on advanced waste plastic recycling plant in Hungary
10:51 Chinese line launches new Arctic container service to Arkhangelsk
09:49 Malta PM tours Abela toured MSC World Europa officially inagurates Valletta shore power

2024 July 13

15:47 €11 million for 1-MW Dynamic Electrolyser Unit
14:11 PSA Group and Singapore mitigate impact of global supply chain disruptions
12:23 NREL: Offshore wind turbines offer path for clean hydrogen production
10:06 MMMCZCS releases a technical, environmental, and techno-economic analysis of the impacts of vessels preparation and conversion

2024 July 12

18:00 Qingdao Port International to buy oil terminal assets for $1.30 billion
17:36 Saipem signs framework agreement with bp for offshore activities in Azerbaijan
17:06 AG&P LNG and BK LNG Solution signs an agreement to bring BKLS's first LNG spot cargo into China
16:31 Allseas removes final Brent platform with historic lift
15:58 ZPMC Qidong Marine Engineering launches the world’s largest FPSO bow section for Petrobras
15:25 MSC acquires Gram Car Carriers
14:58 ABP boosts marine capability through pilot launch upgrades
14:34 Fincantieri receives ISO 31030 attestation from RINA
13:52 Second new dual-fuel fast Ro-Pax ferry to enter service for Balearia after successful sea trials
13:24 ADNOC deploys AIQ’s world-first RoboWell AI solution in offshore operations
12:59 ABS issues AIP for new gangway design from Pengrui and COSCO
11:38 Port of Long Beach data project receives $7.875 mln to speed goods delivery
11:15 ZeroNorth to provide its eBDN solution on 12 barges operated by Vitol Bunkers in Singapore
10:46 Seatrium secures customer contract agreement from Teekay Shipping for the repairs and upgrades of a fleet of vessels
10:14 Liquid Wind and Uniper enter into strategic partnership to accelerate the development of eFuels

2024 July 11

18:06 Yanmar and Amogy to explore ammonia-to-hydrogen integration for decarbonized marine power
17:36 COSCO Shipping receives first 7500 CEU LNG dual-fuel PCTC
17:06 Monjasa adds two tankers and targeting West Africa’s offshore industry
16:34 Biden administration announces funding for 15 small shipyards in 12 states
16:10 Iran's Ports and Maritime Organization attracts nearly $1.7bln of investment in ports, maritime sector
15:52 The added value of Chinese port cities up to US$869.05 bln in 2023
15:25 HD Hyundai becomes first Korean shipbuilder to sign MSRA with US Navy
13:41 NovaAlgoma orders the world’s largest cement carrier
13:21 Steerprop selected to provide comprehensive propulsion systems for world's largest cable-laying vessel
12:41 Integrated Wartsila propulsion package supports decarbonisation and efficiency goals for James Fisher tankers
12:36 MABUX: Bunker Outlook, Week 28, 2024
12:10 Valencia Port Authority signs an agreement with C.N.E. Hydrogen and Fuel Cells to promote hydrogen research
11:41 Long Beach, Los Angeles ports partner for zero-emissions future
11:16 Iraq to establish maritime single window for major ports
10:46 James Fisher completes its largest decommissioning project to date

2024 July 10

18:00 MET Group secures long-term US LNG source from Shell
17:36 bp, Mitsui, Shell and TotalEnergies join to ADNOC’s Ruwais LNG project
17:06 HD Hyundai Samho extends a pier at its shipyard in Yeongam, South Jeolla
16:45 Panama Canal plans new $1.6bn reservoir to address water shortages
16:25 Ocean Power Technologies signs agreement with AltaSea to advance wave power projects
15:52 WinGD completes type approval testing for new short-stroke engine size
15:32 PIL has the most reliable schedule among the top 12 container lines in Q2 2024
14:56 Fincantieri celebrates the keel laying of the first ultra-luxury vessel for Four Seasons Yachts at the shipyard in Ancona
14:20 Ningbo-Zhoushan port sees 8.4% container volume growth in H1
13:43 MOL announces delivery of bulk carrier Green Winds, 2nd vessel equipped with wind challenger hard sail propulsion system
13:23 BHP, Pan Pacific Copper and Norsepower deploy wind-assisted propulsion technology on vessel that set sail this month
12:43 MEYER WERFT to build Disney Wish-сlass сruise ship for Oriental Land Company to operate in Japan
12:25 South African Maritime Safety Authority try to rescue a cargo ship that ran aground on Cape west coast
11:50 SAAM Terminals partners with Next Port AI to boost digital solutions in ports