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Maersk to Continue Russian Operations

Photo: Maersk

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.   "The Group's business with Russia amounts to some two to three percent of our total revenue. In the current situation, where Russian purchasing power and foreign trade is negatively impacted, our shipping business in Russia is also affected," A.P. Moller-Maersk wrote in an mail to Reuters.   World's largest container shipping company Maersk Line, port operator APM Terminals, logistic company Damco and the world's biggest tugboat operator Svitzer are all active in Russia.   Fears of a full-blown Russian crisis are leading investors to build up negative bets on European companies exposed to the country, such as brewer Carlsberg or Finnish tire-maker Nokian Renkaat.   A.P. Moller-Maersk acquired 37.5 percent of the Russian port operator Global Ports in September 2012 in a transaction that valued the port operator at approximately $2.3 billion.   Global Port's London-listed shares have dropped by 73 percent since the transaction.   (Reporting by Ole Mikkelsen, editing by Terje Solsvik)


Yet More Consolidation Proposed in Russia

Ownership of selected container terminals in the Eastern Baltic (Drewry)

The prospect of Russia’s two largest container terminal operators joining forces has raised concerns over the dominant position that the combined enterprise would enjoy were the deal to be agreed. Global Ports Investments (GPI), one of the two largest players in the Russian container port market, is investigating the acquisition of a controlling stake in National Container Company (NCC), the other dominant player in the Russian market.


Bunker Suppliers Keep Going in Russian Deep Freeze

The extreme weather now gripping the Eastern Baltic region is badly affecting all transport sectors, and bunker suppliers in the Russian port of St Petersburg are being hit as hard everybody else. Nevertheless vessels are still being supplied with fuel despite North West Russia's worst winter for 50 years, according to leading St Petersburg bunker company ECO Phoenix Holding. The very cold weather began in late December when night-time temperatures went as low as minus 33 degrees C


10 Sevastapol Warships Stay Loyal to Ukraine

Ukraine warships in Sevastapol, Crimea: Photo CCL 3

Reuters –  Ukraine has said its navy's fleet of 10 warships in the Crimean port of Sevastopol had not left the port and remained loyal to the government in Kiev. Earlier, Ukraine said it had withdrawn coastguard vessels from Sevastopol and another Crimean port and stationed them elsewhere. Background Russian forces have seized Crimea, an isolated peninsula, where Russia 's Black Sea Fleet also has its headquarters


Sanctions Dampen Traffic on Russia's Arctic Route

Photo: U.S. Naval Istitute

Often heralded as new shipping lane, Arctic shipments fall. Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. A decline in foreign shipments on the Northern Sea Route (NSR) in 2014, interrupting gains in recent years as ice retreats


Hamburg’s Seaborne Cargo Throughput Up in Q1

Photo: Port of Hamburg, © Glaubitt

The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.3 percent) and container transport between the port and its hinterland at 602,000 TEU (up by 11.1 percent) were the strongest contributors to throughput growth.    “We can be satisfied overall with the first-quarter trend in seaborne cargo throughput. Even if a slight 4


Ship Distressed in Sea of Japan

Reports indicate that Motor ship Diana that sent distress signals from the Sea of Japan has about 4,000 tons of cargo aboard. The ship, which flies the Cambodian flag and has an 18-strong Russian crew, has scrap metal in the holds and timber on the deck. The piles of timber have shifted and are partly hanging overboard, said Konstantin Sviridov, the chief of Maritime Salvage and Coordination Center in Vladivostok.


Backing for NEVA 2011 Gathers Pace

Opening ceremony at NEVA 2009                      	    NEVA 2009 saw a record number of both

Support for NEVA 2011, the international maritime conference and exhibition taking place in St. Petersburg between September 20th and 23rd this year, has gathered momentum both within Russia and internationally in recent weeks. Rod Keay, managing director of Dolphin Exhibitions, the event organiser, says: “Support in Russia, and the CIS as well, has grown exponentially since the beginning of the year.” The event, which celebrates its 20th anniversary this year


GAC Steers STS Pallada on Commemorative Voyage

tall ship STS Pallada

Port-on-Demand took care of training tall ship at every port of call.   Port-on-Demand (POD), the newest service package offered by the global GAC network, has handled the tall ship STS Pallada at every port of call of her voyage to mark the 270th anniversary of Russia’s first settlements in North America and the 50th anniversary of cosmonaut Yuri Gagarin’s first space flight. The impressive 358-foot Russian frigate


Ukraine Withdraws Coastguards from Crimea, Navy Stays Local

Reuters - Ukraine said on Sunday its navy's fleet of 10 warships in the Crimean port of Sevastopol had not left the port and remained loyal to the government in Kiev. Earlier, Ukraine said it had withdrawn coastguard vessels from Sevastopol and another Crimean port and stationed them elsewhere. Ukraine withdrew its coast guard vessels from two ports in Crimea and moved them to other Black Sea bases on Sunday, a sign that Russian forces were completing their seizure of the isolated Black Sea


Gazprom becomes Public Joint Stock Company

Gazprom headquarters in Moscow

  The procedure of renaming Open Joint Stock Company (OJSC) Gazprom into Public Joint Stock Company (PJSC) Gazprom has finished. The change in the Company's legal status is reflected in the new version of the Articles of Association approved by the annual General Shareholders Meeting on


Wrecked 'Russian Submarine' Found in Swedish Waters

Image: Ocean X Team

 A wrecked mini-submarine was found last week in waters off of Sweden’s eastern coast.   Authorities believe it is a Russian model, primarily because of Cyrillic letters on the hull. They have not disclosed the exact location of the wreckage, but say it is around 1


Gazprom Earmarks RUB 10.8 bln for R&D

Photo Gazprom

  Gazprom Group continues earmarking considerable funds for financing research and development (R&D) activities. In 2014 a record-breaking amount in the whole Company history – RUB 10.82 billion – was devoted to these purposes


China, Russia in Sea of Japan Joint Military Drills

China and Russia will hold joint naval and air defence drills in the Sea of Japan, China said on Thursday, the latest exercises between the two countries which could concern Japan, involved in a marine dispute with China to the south. The manoeuvres also come as the United States ramps up


Russian Submarines in Alaska?

Borei-class nuclear ballistic missile submarine (SSBN). Photo by US Naval Institute

 Russia is expected to finish the construction of a submarine base on the Kamchatka Peninsula by the end of October.   "Upgrades to the Russian Navy’s ballistic nuclear missile submarine (SSBN) base in the Pacific could be completed by October, Russian Navy chief Adm


India to be Russia's global hub for Submarine Upgrade

Photo: The Russian Navy

 A report in the Economic Times say that Russia wants to make India a global hub for the upgrade, maintenance and repair of conventional submarines and its leading shipyard is in final talks to select an Indian joint venture partner for a mega project to set up facilities.  


Russia Revives its Black Sea Submarine Fleet

Image: Russian Ministry of Defense

 Russia is making moves to revive and increase the size and scope of its Black Sea submarine fleet, the Russian Ministry of Defense stated.   Project 636.3 Varshavyanka diesel-electric submarines that will sequentially join the Russian Black Sea Fleet will help revive full-fledged


Rotterdam Oil Terminal Shelved as Russians Balk

Rotterdam, Europe's largest port, said on Thursday that plans to build an oil storage terminal for 1 billion euros ($1.1 billion) had been cancelled after its Russian partner raised concerns over the project's feasibility. The project, intended to store Urals crude oil and oil products


Russia Plans Fuel Shipments to Syria from Crimea

Russia plans to supply Syria with 200,000 tonnes of liquefied petroleum gas (LPG) per year via the Crimean port of Kerch, two trading sources told Reuters.   The plans are a further sign of cooperation between the two countries despite hopes in the West that Russia might stop shielding


Cargo Volumes Rise at St Petersburg

Sea Port of Saint-Petersburg

  In the first half of 2015 the turnover of OJSC “Sea Port of Saint-Petersburg” (SP SPb) amounted to 4.3 mln tons, which is by 5% more than the indicator of the same period during the last year. Positive dynamics was caused by growth of handling volumes of main cargoes


Latvia Spots Russian Submarine

Image: ACIG.org

 The National Armed Forces of Latvia said they found a submarine on Sunday and a group of Russian warships in the exclusive economic zone of Latvia.   The Sputnik reports that the Armed Forces saw Russian Kilo-class sub and a Tarantul-class corvette between four and six nautical miles


Med Crude-Russian Urals Weakens in Mediterranean

Russian Urals crude weakened in the Mediterranean on Monday and paper swaps showed potential for the grade to lose further ground in August.   In the Platts window, Litasco offered an 80,000 tonne cargo in the Mediterranean at dated Brent minus 65 cents


China Far Ahead of India in Submarine Race

INS Chakra, India’s only operating nuclear-powered submarine. Photo: Indian Navy

 Global military reported that recently a Chinese “Yuan” class conventional submarines docked news in Pakistan, once again hurt the Indian Navy submarine fleet.   The Hindustan Times said terms of size, the Chinese Navy submarine force is four times that of India


Bosphorus Strait Closed after Vessel Allides with Villa

A cargo ship ran aground and smashed into a villa on Turkey's Bosphorus Strait on Tuesday, forcing maritime authorities to close the key waterway to transit traffic, shipping agency GAC said. The 105 metre Sierra Leone-flagged Majed & Randy had no pilot on board when it suffered a rudder


Thome Signs Safety Service Agreement with WSS

Harald Lundestad (Photo: WSS)

Singapore-based Thome have signed a Safety Service agreement with Wilhelmsen Ships Service (WSS). Ryan Dalgado, Procurement & Supply Chain Manager from Thome said, Working with WSS, we also benefit from their geographical spread and in-depth knowledge of local port procedures to keep port






 
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