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)
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.
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
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
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
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.
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
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 U.K.’s Maritime and Coastguard Agency (MCA) announced that eight foreign flagged ships were under detention in U.K. ports during November 2014 after failing Port State Control (PSC) inspection. During November, there were six new detentions of foreign flagged vessels in a U.K. port. Two vessels remained under detention from previous months, and five vessels were released during November. A total of three vessels remain under detention at the end of November.
A British warship shadowed a Russian frigate through the English Channel on Tuesday, taking over monitoring from French surveillance on the frigate's voyage northwards. HMS Argyll, a navy ship maintained at high-readiness, deployed a Lynx helicopter and used sensors to locate and monitor the
The German shipbuilder Nordic Yards is considering constructing shipyards in Russia, in particular in the Far East. The owner of the shipbuilder, Vitaly Yusufov confirmed that his company is actively considering the possibility of building own facilities
The CEO of Russian gas company Gazprom said on Wednesday Russia would stop exporting natural gas to Ukraine unless it received prepayment from Kiev for energy supplies, Interfax reported. Gazprom also said that Ukraine had approximately three days left of prepaid gas deliveries from Russia
OJSC Magnitogorsk Iron and Steel Works (MMK) supplied 78,000 metric tons of metal products to shipbuilders in 2014, which represents a 37.2% growth year-on-year. MMK supplies up to half of all metal products sold to the Russian shipbuilding industry
BHM Penlaw and Tactique Ltd have now joined forces to support their clients in exploiting an alternative sea route which reduces sailing distance by 4,300 nm and 10 days on transits between Europe and Asia. The Northern Sea Route, also known as the NSR, or Northeast Passage
A Russian intelligence warship Viktor Leonov CCB-175 docked in Havana on Tuesday, January 20, a day before the start of historic US-Cuba talks aimed at normalizing diplomatic relations, reports AFP. The spy ship arrived at a passenger cruise terminal in full public view for what a Russian
New authority delegated to RS by the Maritime Administration of the Hellenic Republic A new agreement governing the delegation of authority for statutory surveys of ships flying the Greek flag and shipping companies was signed between the Ministry of Shipping
The Gazprom headquarters hosted today a briefing session led by Alexey Miller, Chairman of the Company's Management Committee dedicated to the Company's activities this winter. Special attention was given to the contracts for gas supply to Ukraine and its transit to Europe.
A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday.
A new BIMCO clause provides a simple, practical and commercial solution focusing on the basic obligations and responsibilities of owners and charterers when dealing with the Asian Gypsy Moth (AGM). The spread by ships of AGM poses a severe risk to agricultural resources in many parts of
Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss, Chief Executive Officer of OMV. The document is to adjust the contract terms and conditions
Sovcomflot (SCF Group) and Russian Maritime Register of Shipping (RS) have taken steps to make the Russian fleet more competitive. In 2014, 10 SCF Group vessels were transferred to the RS class, meaning that it is now responsible for the survey of 40 Sovcomflot ships in total
The President of the Russian Federation Vladimir Putin held a working meeting on Wednesday with the Head of Rosneft Igor Sechin, who reported on the Company’s 2014 operational results to the President of the country. The overall hydrocarbons production at year-end was
USS Cole (DDG 67) will enter the Black Sea, Feb. 8, 2015, to promote peace and stability in the region. Cole’s presence in the Black Sea will serve to reaffirm the U.S. dedication to commitment towards strengthening the partnerships and joint operational capabilities amongst U.S
Russian Agriculture Minister Nikolai Fyodorov said on Tuesday Russian companies may take part in building grain storage facilities in Egypt with a capacity of up to 8 million tonnes. Fyodorov did not provide any other details of the project to reporters in Cairo