The Russian government plans to spend between $400 to $500 million to expand and deepen the harbor of the Novorossiysk seaport to handle larger vessels, reports Moscow News. Construction, in order to make it more competitive with Ukrainian ports also on the Black Sea, is set to begin in the first quarter of next year with completion scheduled for 2020. Russian government expects that the project will boost container volume at Novorossiysk by 10 to 15 percent annually. The operator, NCSP Group is Europe’s third largest port operator in terms of cargo turnover, and the undisputed leader in the Russian market. The Group operates two of the largest Russian ports – Port of Novorossiysk on the Black Sea coast, and Port of Primorsk on the Baltic Sea – as well as Port of Baltiysk in Kaliningrad region. Like other Russian ports, Novorossiysk, the country’s second-largest container gateway, has been hurt by falling oil prices, economic sanctions and the decline of the ruble against international currencies. The Ukrainian seaports Illichivsk and Yozhny deeper harbors and have grabbed some of Novorossiysk's cargo. The project also calls for increasing the length of the berth at Novoroslesexport, one of the port’s largest terminals, from about 919 feet to 1,655 meters so it can handle Panamax vessels.
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.
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
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.
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
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
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
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
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
The second phase of the Russian-Chinese Joint Sea-2015 naval maneuvers has officially ended outside the port of Vladivostok in Russia’s Far East, says spokesman for the Eastern Military District Roman Martov. "Today, the exercise commanders from the Chinese and Russian sides announced in their joint headquarters the end of the Joint Sea-2015 (II) drills," he said in an official statement.
Plans to terminate commercial tours to the North Pole on the nuclear-powered icebreakers of the Atomflot company in 2016 have surged the demand for these tours. Sergey Shirokiy, the chief of the tourist department of the Russian Arctic national park summed up the results of the tourist
Russia is building an “arc of steel” from the Arctic to the Mediterranean Sea said a NATO commander, in the same vein as Winston Churchill’s Iron Curtain metaphor. Navy Adm. Mark Ferguson, who commands NATO’s Allied Joint Force Command in Naples, Italy, and U
Mideast crude freight to Japan highest since 2010. North Asian refiners have snapped up Russian crude oil loading in the last two months of this year to meet peak winter demand as Middle East and West African grades have become more costly after freight rates hit multi-year highs
Russian Urals crude differentials continued to slide in the Baltic on Thursday amid a flurry of activity with softer refining margins, pushed down by higher oil prices, still keeping buyers at bay. In the Platts window, Statoil bought a 100,000-tonne cargo from Glencore for loadings on Oct
North Korean vessels owned by Ocean Maritime Management (OMM) have been seen using Russian ports, says the NK News vessel tracker. OMM was sanctioned for its involvement in smuggling weapons through the Panama Canal in 2013.
Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said. In the Platts window, Vitol sold an 80,000-tonne cargo of Urals from Novorossiisk on Sept
Trading house Gunvor, which has been selling assets in Russia, has again emerged as the winner of a semi-annual Rosneft tender, traders said on Tuesday. They said Gunvor would lift from 200,000 tonnes to 500,000 tonnes of Russian Urals crude per month from the Baltic Sea port of Primorsk
The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets in the Russian Federation (100% share of Prime Shipping group of companies). Prime Shipping is one of the leaders of the Russian
Russia’s second-biggest gas producer Novatek is selling a 9.9 percent stake worth an estimated US$1.4 billion in its Yamal liquefied natural gas (LNG) project to a China’s Silk Road infrastructure fund, reports Reuters.
Fox News and the Washington Free Beacon reported the presence of a top Russian spy ship off the coast of Kings Bay, Georgia and is capable of cutting undersea cables. The Pentagon responded to the media reports that it was closely being monitored by defense agencies but
Scientists first documented occurrence of humpback whales near the archipelago of Franz Josef Land. Experts attribute this to the successful development of their populations. The usual habitat in the Red Book of Russia humpback whales is far south and west of Franz Josef Land
Britain’s Ministry of Defence has admitted a Royal Navy submarine was responsible for dragging a trawler backwards off the Northern Ireland coast earlier this year. A Royal Navy submarine did get entangled in a fishing boat's nets and dragged it for 18 miles
Danelec Marine's DM100 series Voyage Data Recorders (VDRs) has received type approval from the Korean Register of Shipping, the manufacturer annouced today. The Korean approval certifies that the DM100 VDR complies with provisions of the new IMO VDR standard which came into force in
Russia has sent two tank landing ships and additional aircraft to Syria in the past day or so and has deployed a small number of forces there, U.S. officials said on Wednesday, in the latest signs of a military buildup that has put Washington on edge.
A spectacular ceremony was held on the lead vessel of the icebreaker project 21900M in St. Petersburg on 23 September, forming part of the NEVA 2015 Programme. Guests and dignitaries came together to witness the official flag-raising ceremony on board the icebreaker 'Vladivostok' and to