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 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
ClassNK opened a new exclusive survey office in Novorossiysk, Russia with operations beginning January 1, 2016. Novorossiysk is a port city in southwest Russia facing the Black Sea. It is the country’s main port on the Black Sea and a leading Russian port for trade with Asia, the Middle East, the Mediterranean region, Africa and South America. The Novorossiysk office joins an existing network of survey offices throughout the region including in Constanta (Romania) and Istanbul
Russia’s PAO Sovcomflot (SCF Group) subsidiary SCF Tankers Ltd. has won an auction for nine arctic-going tankers that belonged Primorsk International Shipping Ltd. (PRISCO), who filed for chapter 11 protection in January 2016. The purchase deal is worth $215 million, and the auction results have been approved by the U.S. Bankruptcy Court for the Southern District of New York, which is handling PRISCO’s bankruptcy case. SCF Tankers outbid Denmark’s Hafnia Tankers Ltd
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 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
This month Damen Shipyards Group launched ice class Trailing Suction Hopper Dredgers TSHD 2000 for Russian Port Agency FSUE “Rosmorport”. Song Thu Corporation shipyard in Da Nang, Vietnam is building the Damen TSHD 2000 under Russian Maritime Register of Shipping (RMRS). Following delivery, the 2,000 m³ Severnaya Dvina will maintain navigational depths and provide safe shipping in the Arkhangelsk Seaport basin and approaches.
Around 1,250 trucks carrying Turkish exports have been blocked from entering Russia and are stranded at border posts awaiting clearance, a senior shipping industry representative told Reuters on Monday. Six days after NATO-member Turkey shot down a Russian fighter jet in the first known incident of its kind since the Cold War, calls for calm have gone largely unheeded. Ankara refuses to back down and Russia responds with sanctions.
In recent years, Russia has been putting many efforts in building a modern-day nuclear submarine fleet. The Russian Navy expects to receive the Project 955A nuclear submarine Prince Vladimir and the Project 885M Yasen-M nuclear-powered underwater cruiser Kazan in 2017
Russian oil pipeline monopoly Transneft said it had resumed oil loadings from the Black Sea port of Novorossiisk on Friday morning after a storm. Transneft also said that it expected to export 30.6 million tonnes of oil from Novorossiisk, 50
Russia sent its anti-submarine destroyer and a replenishment oiler to the Philippines in a bid to hold maritime exercises with the latter, according to various media reports. The two ships — Admiral Tributs, an anti-submarine vessel
HANSA HEAVY LIFT has transported the first-ever ship-to-shore (STS) cranes via the Northern Sea Route (NSR), relocating them from the port of St Petersburg to the port of Vostochny, spanning both the European and Far East regions of Russia.
Russia is sharply upgrading the firepower of its Baltic Fleet in Kaliningrad by adding warships armed with long-range cruise missiles to counter NATO's build-up in the region, Russian media reported on Wednesday. There was no official confirmation from Moscow
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Ukraine is refitting and expanding its naval fleet, including repairing its flagship, the frigate "Hetman Sahaydachnyy", to counter a Russian military build-up in the annexed territory of Crimea, the commander of the Ukrainian navy says.
Parker Bestobell Marine, a supplier of cryogenic valves and part of Parker, a global leader in motion and control technologies, has secured a nine vessel order, worth $5m, making it the single biggest order that the company to date.
Syria needs wheat and fuel to alleviate shortages and suffering caused by its civil war and wants to expand trade ties with Russia, the Syrian government told a high-level Russian delegation on Tuesday. An ally of Syrian President Bashar al-Assad
Sweden's Lundin Petroleum has found additional oil and gas near its Alta discovery in the Norwegian Arctic, the firm and the Norwegian Petroleum Directorate said on Tuesday. "The total gross resource estimate for the Neiden discovery is between 25 and 60 million barrels of oil
Russian tankers have smuggled jet fuel to Syria through EU waters, bolstering military supplies to a war-torn country where Moscow is carrying out air strikes in support of the government, according to sources with knowledge of the matter.
SVEZA Ust-Izhora plywood mill recently obtained the GTT (Gaztransport & Technigaz) Approval confirming compliance with specification of containment system for liquefied natural gas carriers. SVEZA Group is a leader in birch plywood production
JSC Admiralty Shipyards has finished building a series of six submarines for the Russian Navy’s Black Sea fleet, marked with a flag lifting ceremony on the large diesel-electric submarine Kolpino, which was transferred to the Russian Navy.
Bad weather forced a Russian ship to run aground in Istanbul on Friday and the crew was awaiting rescue, Turkey's Dogan news agency reported. The ship ran aground near Istanbul's Kartal district, on the Asian side of the city and on the coast of the Sea of Marmara, Dogan reported
The Asian Aframax market has been strengthening steadily, with rates for the Indo/Japan route up by w25 points w-o-w at w135. The Baltic Exchange’s benchmark TD14 route reached w127.50 Tuesday, jumping by w29 points w-o-w. This is partly due to underlying seasonality as refiners in the