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
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.
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
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
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
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
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.
TASS reports that Vladimir Monomakh Borey class nuclear-powered ballistic missile submarine (Project 955) will complete the voyage to the Pacific Fleet before the yearend, quoting Commander-in-Chief of the Russian Navy Admiral Vladimir Korolev.
Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek. VEB said in a statement that the guarantee would help encourage overseas financing for the Yamal project
Russia and the United States gave contradictory accounts on Tuesday of an incident involving the two countries' navies in the Mediterranean Sea on June 17, each blaming the other for what they said were unsafe manoeuvres. The Russian Defence Ministry said a U.S
Russia’s Stary Oskol submarine, the third boat in Project 636.3 series for the Black Sea Fleet, on a voyage to its permanent base has passed the Bosporus and Dardanelles straits, TASS quoted the Black Sea Fleet spokesman Vyacheslav Trukhachev as saying.
The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer. Economy minister Alexei Ulyukayev was quoted by local Russian news agencies as saying that the government might get
The sixth diesel-electric submarine for Russia's Black Sea fleet was launched Tuesday at a shipyard in St. Petersburg, says Russian News Agency TASS . The Varshavyanka-class sub, named Kolpino, is an advanced version of what NATO designates as a Kilo-class submarine.
Naust Marine has secured a contract to supply Autotrawl (Autotow) Winch Control to four Sakhalin trawlers—a first for BATM-class trawlers of the Russian Far East. JSC Pilenga, a trawler-vessel operator based on Sakhalin Island in the Russian Far East
Construction of a new series of trawler-seiner pr. SK-3101R has been commenced at the Shipyard Yantar (Kaliningrad). Project SK-3101R was designed by Skipskompetanse, Norway. The trawler is intended for fishery using bottom and pelagic trawls, bottom net and seiner net
Russian shipping company Sovcomflot has cut the yield on its seven-year U.S. dollar bond to 5.375 percent - 5.5 percent, according to a lead. The notes will price within that range. The latest level compares with guidance of 5.625 percent area and initial price thoughts of 5
The Russian Foreign ministry said Moscow would respond to a U.S. naval ship's entry into the Black Sea with unspecified measures, saying it and other deployments were designed to ratchet up tensions ahead of a NATO summit, the RIA news agency reported.
Bulgaria's prime minister said on Thursday he would not join a proposed NATO fleet meant to counter Russian forces in the Black Sea as he did not want a war there, a day after Moscow warned against any build-up. Boiko Borisov said he did not want to see frigates sailing past the tourist
The NATO buildup in the Black Sea is part of the alliance's strategy to expand its military presence along Russia's borders. The move would destabilize the situation in the region, says a report in Sputnik. Russian state media reported earlier this month that the USS Porter, a U.S
PAO Sovcomflot (SCF Group) and VTB Bank have signed a $260 million 13-year loan agreement, providing financing of construction of an Arctic liquefied natural gas (LNG) tanker for the Yamal LNG project. The agreement was signed on June 17, 2016 by Sergey Frank
The United States will maintain its presence in the Black Sea despite a Russian warning that a U.S. destroyer patrolling there undermined regional security, the U.S. Navy Secretary said. The USS Porter entered the Black Sea this month, drawing heavy criticism from Moscow
During the 20th St. Petersburg International Economic Forum, Fincantieri and Rosneft signed a Heads of Agreement for the formation of a joint venture focused on design and engineering of a new type of vessel to be built at the Zvezda shipbuilding complex