• 2024 July 17 15:24

    LNG carrier completes Arctic voyage to China in 18 days

    Liquefied natural gas (LNG) carrier Eduard Toll completed an early-season eastbound voyage along Russia’s Northern Sea Route arriving in Xiuyu, China around 3 weeks after departing with cargo from the Yamal LNG project. It passed through the Arctic section of its voyage in under a week, according to gCaptain.

    The ice-capable vessel completed the majority of the still-icy route unassisted, except for sections of the East Siberian Sea where nuclear icebreaker Sibir escorted it through remnants of thicker first-year sea ice.

    Sibir continued escorting additional LNG carriers traveling back and forth between the New Siberian archipelago and the Bering Strait.

    Days after Eduard Toll, Sibir assisted LNG carrier Christophe de Margerie followed by the next carrier, Fedor Litke. A fourth and fifth LNG tanker Boris Davydov and Nikolay Zubov are currently en route through the Arctic.

    Russia’s Northern Sea Route provides for significant distance savings to Asia, especially compared to the ongoing detour via the Cape of Good Hope due to instability in the Red Sea. Voyages from Northern Europe to East Asia via the southern tip of Africa take at least 6 weeks, compared to 18 days or so via the Arctic.

    In addition to liquefied natural gas, Russia is expected to send dozens of shipments of crude oil via the Arctic.

    Three Gabon-flagged Aframax tankers, Korolev Prospect, Vernadsky Prospect, and Olympic Prospect, received permits for the Arctic from Russian authorities last week. Each vessel can carry up to 800,000 barrels of crude.

    Besides increasingly routine LNG shipments from Novatek’s Yamal LNG project, uncertainty continues when Russia’s largest LNG producer will begin exports from its sanctioned Arctic LNG 2 project.

    A record-number of Arctic permits for LNG carriers, a total of 31 as of July 15, suggest the company is putting in place the logistics chain to begin deliveries this summer. Specific markets and customers remain uncertain due to Western sanctions affecting all aspects of the project though recent reporting indicates Novatek’s efforts to market its LNG to China’s domestic market.

    A number of LNG newbuilds have received permits for the route in recent weeks.

    In contrast to the usual practice of making the permit details publicly available for all vessels on the Northern Sea Route, the route’s administration has for the first time withheld information for a group of four LNG carriers: North Air, North Mountain, North Sky, and North Way.

    This development in combination with a recent ownership change from NYK and Sovcomflot to a Dubai-based entity has led to industry speculation that the vessels could become part of a LNG fleet to carry product from Arctic LNG 2.

    The first of the four vessels, North Sky, is approaching Ob Bay where both unsanctioned Yamal LNG and sanctioned Arctic LNG 2 are located in relatively close proximity.




2024 July 17

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15:24 LNG carrier completes Arctic voyage to China in 18 days
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2024 July 16

18:02 China extends visa-free transit policy to 37 ports
17:25 Works on schedule for the Ravenna regasifier, with the plant operational in the first quarter of 2025
17:05 STX Heavy Industries changes name to “HD Hyundai Marine Engine”
16:45 OOCL's revenue rises 14pc to US$2.2bln
16:20 Saltchuk acquires all of the outstanding shares of Overseas Shipholding Group
15:57 EU sets four conditions for the port of Piraeus inverstments
15:41 Serbia to open tender for Prahovo port overhaul in 2024
15:37 EIB lends €90 million for sustainable expansion of the Port of Livorno
15:34 Crew of capsized oil tanker off Oman still missing
15:14 Lomarlabs signs with Cargokite to develop a new ship class of micro ships
14:47 Greece extends naval drills that deter Russian oil transfers - Bloomberg
14:08 The Official Journal of the European Union publishes the first-ever EU regulation to reduce methane emissions
13:24 High cat fines found in the Amsterdam-Rotterdam-Antwerp region bunker fuel samples, alerts CTI-Maritec
12:58 Yangzijiang Shipbuilding works to acquire over 866,671 sqm of land for new clean energy ship manufacturing base
12:42 GTT entrusted by Samsung Heavy Industries with the tank design of a new FLNG
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
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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
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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