• 2022 March 21 10:52

    IAA PortNews’ summary of past week news

    Shipping and logistics

    • Heat of sanctions: HMM halts two Far East routes between South Korea and Russia. Moeller-Maersk A/S expects to wind down operations with containers from Russia by the end of April.
    • Amid this situation, Russian Railways suggests returning only loaded containers to lines leaving Russia.
    • Sovcomflot’s IFRS net profit totalled USD 35.8 million in 2021
    • Meanwhile, analysts forecast further increase of the demand for tankers this year, particularly due to shifting of Russian oil exports from Europe to China.
    • Draught restrictions introduced on a section of Volga-Caspian Canal.
    • Rosmorport inrased surcharges for oversized cargo transportation on the Ust-Luga – Baltiysk ferry line.
    • RTSB-RUS marks increased demand for export container transportation.
    • Eurasian Union of Railway Transportation Participants and CCTT agree on boosting transportation by East-West and North-South corridors.
    • Russian Railways and FESCO to cooperate in organization of faster container transportation.
    • Composite containers can be used in international shipping from 1 January 2023.

    Ports and hydraulic engineering

    • Management changes: OTEKO appointed General Directors of port terminals. Iskandar Makhmudov and Andrey Bokarev left the BoD of Vostochny Port and Rosterminalugol.  Aleksey Posdin appointed as Genera Director of NKT terminal in Ust-Luga. Tatyana Nuzhdenkova appointed as General Director of OTEKO.
    • In January-February 2022, seaports of Russia handled 136.7 million tonnes of cargo, up 6.8%, year-on-year.
    • Trade Port Posiet completed assembling shiploading machine of 2,500 t/h capacity.
    • Glavgosexpertiza approved the construction of a port complex as infrastructure of Pavlovskoye Lead and Zinc Deposit.
    • DeloPorts’ net profit calculated in accordance with IFRS totaled RUB 8.93 billion, up 36.8%, year-on-year.
    • Dredging planned in Kobona (Leningrad Region) at the approach canal for cruise ships.
    • Morstroy to develop a declaration of intent to build industrial park “Fish Port Magadan”.
    • NORDENG developed a declaration of intent to invest in construction of port Indiga.
    • Glavgosexpertiza approved reconstruction of Murmansk CSP.
    • Sodruzhestvo Group made up decision on implementation of grain terminal project in Ust-Luga.
    • Vostochnaya Stevedoring Company boosted container inspection capacity by a third.

    Shipbuilding and Ship Repair

    • European Commission imposed sanctions on some shipbuilding and ship repair companies of Russia. Japan introduced sanctions against United Shipbuilding Corporation (USC) and Zelenodolsk Shipyard named after А.М.Gorky.
    • Vympel shipyard to lay down two passenger catamarans in April 2022.
    • GTLK raised rates on lease payments.
    • Ivan Popov appointed as Director of 35th Ship Repair Yard of Zvezdochka Ship Repair Center.

    Bunkering market

    Bunker market experts mark the reduction of bunker sales in Russia’s Far East ports by over a half this March.




2024 July 16

10:47 Maersk signs an MoU for ship recycling in Bahrain

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