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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.


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


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


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


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


UK Detains 8 Foreign Vessels in November

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.  


Arctic Nations to Fight Climate Change Despite Russia Tensions

Arctic Nations

  The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put aside disputes over issues like Russia's intervention in Ukraine. Meeting in the Canadian town of Iqaluit


Russia, France Close to Deal on Mistrals

Russia and France are close to reaching an agreement for Paris to cancel a frozen contract on the sale of Mistral helicopter carriers and reimburse Moscow, a Russian source close to talks indicated on Friday. France suspended the delivery of the warships last year after the European Union


Fuel Slick Washes Up On Canary Islands After Ship Sinks

Around 120 kilos of shipping fuel has been scraped up off the Spanish Gran Canaria tourist beaches Veneguera, Tasarte and Taurito, the government said on Thursday, after a Russian fuel-laden ship sank off the coast last week.   The situation on the beaches would worsen over the next few days


Icebreakers Ordered for Neft’s Novy Port Project

Image: Aker Arctic

Aker Arctic’s icebreaker design selected for Gazprom Neft’s Novy Port project   Aker Arctic and Vyborg Shipyard have confirmed a contract for the design of two new icebreakers based on Aker ARC 130 A design. The icebreakers will be used in the oil terminal operated by LLC


Spain Investigates Sinking off Canary Islands

Spain launched an investigation on Thursday into the sinking of a Russian ship off the Canary Islands, as coastguards battled a six-km (3.7-mile) oil slick close to tourist beaches.   Environmentalist group Greenpeace criticised authorities for towing the burning fishing vessel out to sea


Murmansk Region Head for Zoning Arctic Territories

Courtesy Arctic Info

  Murmansk Governor Marina Kovtun, at the first meeting of the State Commission for the development of the Arctic has proposed a change to the system of energy pricing for the Murmansk region and zoning of marine areas. The authorities of the Murmansk region linked the successful


Submarine Sighted near Stockholm was Civilian Boat

Map by MIT Alumni Travel Program

 The unknown foreign vessel the Swedish Navy searched for near Stockholm last autumn was actually a “workboat,” Sweden's Armed Forces have now said.   The story of the suspected submarine spotted in the Stockholm archipelago a week after Sweden's extensive hunt for Russian


Russian Trawler Sunk by Greed and Corruption

  Greed and corruption were to blame for the sinking of a Russian trawler last week in which at least 56 crew died, a spokesman for investigators said on Wednesday.   The Dalniy Vostok fishing vessel sank in the icy Sea of Okhotsk off Russia's far eastern coast last Thursday


Russian Submarine Fire 'Put Out' in Dock

Source: Kuleshov Oleg

 Firefighters at Zvyozdochka shipyard in Russia's northern province of Arkhangelsk partially flooded a nuclear-powered submarine to extinguish a blaze that started aboard the vessel.   The vessel - classified as Oscar-II by NATO - is a cruise missile type sub which carries nuclear


New Arctic Tanker Class Builds Underway

Construction has begun on a new series comprising six Arctic shuttle oil carriers (project 42K Arctic Shuttle Tanker) in South Korea. The steel cutting ceremony for the first ship was held on April 1, 2015 at Samsung Heavy Industries shipyard in the presence of the representatives of PAO Sovcomflot


Russian Atomic Submarine Catches Fire in Shipyard

A nuclear submarine caught fire in a shipyard in Russia's northern province of Arkhangelsk on Tuesday but there were no weapons on board, Russian news agencies reported. The Emergencies Ministry declined comment on the reports of the fire at the Zvyozdochka shipyard


Norway Abandons Arctic Navy Base, Russia Comes in

Waste handling in Olavsvern base: Photo courtesy: olavsvern.no

 Russia is using a former top secret NATO base situated in the heart of the Arctic Circle, reports AFP.   The Norwegian authorities are gravely upset over a secret naval base they sold two years ago: what makes them panic over the facility they just recently deemed unnecessary is that


Eurasia Appoints CFO

  Eurasia Drilling Company Limited has appointed Taleh Aleskerov as Chief Financial Officer commencing April 1, 2015. Mr. Aleskerov has served as Senior Vice President - Finance of the Company's chief Russian subsidiary since 2007. W


Russia to Construct New Icebreakers

New family of icebreakers

  Flagship of a new family of icebreakers for Russian Navy will be laid at the Admiralteyskiye Verfi shipyards in St Petersburg on April 23. The icebreaker will get the name of The Ilya Muromets after the famous hero of olden Russian legends and will be put on the tables of equipment of


Russia Slams Reports of Trawler Sinking on Striking Submarine

Pic by TASS

 The Russian Defense Ministry has rejected the media reports that the Russian trawler tragedy in the Sea of Okhotsk that claimed 56 lives was due to a collision with a submarine, informs the state news agency TASS.   Russian media quoted the spokesman for the Russian Navy, Gen






 
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