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20 Feb 2023

Maersk Nears Complete Russia Exit After Selling Logistics Sites

© hit1912 / Adobe Stock

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country.The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU), and a chilled and frozen warehouse in St. Petersburg had obtained regulatory approvals in the European Union and Russia."We are pleased to have found…

05 Jan 2023

CMA CGM Completes Russia Exit

© eyewave / Adobe Stock

French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said.“With this finalized transaction and the decision to suspend all new bookings to and from Russia since March 1st, 2022, the CMA CGM Group will no longer be involved in any entities operating in Russia,” it said in an emailed statement.The deal was concluded on Dec. 28, it said.CMA CGM inherited 25% stakes in four terminals in Russia and Finland through the acquisition of Finnish firm Containerships in 2018…

29 Aug 2022

Maersk Agrees to Sell Stake in Russian Port Operator

(Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk said on Monday it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group, which also owns a 30.75% stake in the firm.After the divestment, which needs regulatory approval, Maersk's port unit APM Terminals would "no longer be involved in any entities operating in Russia or own any assets in the country," Maersk said in a statement.Maersk put its stake in Global Ports up for sale in March as it decided to quit Russia because of its invasion of Ukraine.

13 Apr 2022

Russia Faces Drop in Cargo Traffic, Container Deficit

© DedMityay / Adobe Stock

Russia is bracing for a sharp decline in cargo flows and a deficit of containers after major international container shipping lines halted operations in the country due to Moscow’s military campaign in Ukraine, two Russian executives said.The world’s three largest container shipping lines, Denmark’s Maersk, France’s CMA CGM and Swiss-based MSC, have suspended their bookings to and from Russia after Moscow sent troops into Ukraine on Feb. 24, sparking a flurry of Western sanctions.The…

19 Feb 2020

Chevron Marine Publishes New White Paper

Chevron Marine's recent work with dual-fuel four-stroke engines highlights a practical approach to these challenges  (Photo: Chevron)

Lubricating duel-fuel auxiliary engines: a practical approachChevron Marine has released the latest in a series of white papers focusing on innovations and developments impacting the fast-changing shipping industry.Click Here to Download the Whitepaper.‘Lubricating dual-fuel auxiliary engines: a practical approach’ explores the unique challenge of using engines that run regularly on either fuel oils or LNG. Around three quarters of ships using LNG as fuel have dual-fuel, four-stroke engines.

01 Jan 2020

Russia to Strengthen Northern Sea Route

Russian state atomic energy agency Rosatom and compatriot private transportation and logistics company Delo Group will jointly develop international multi-modal shipments and transit shipments Asia-Europe-Asia via the Northern Sea Transit Corridor.Rosatom is the authorized infrastructure operator of the Northern Sea Route and owner of the world-only nuclear icebreaker fleet.Delo Group assets include six sea ports in the Baltic Sea, one sea port in the Azov-Black Sea region and one sea port in the Far East basin which are the key regions for foreign trade cargo flows.The companies signed documents on JSC Atomenergoprom’s equity investments in Delo Group with an ownership interest of 30%.For Rosatom the document was signed by Director of JSC Atomenergoprom Kirill Komarov; for Delo Group it w

20 Sep 2017

Damen to Open Novorossiysk Service Hub

From left to right: Igor Yakovenko, CEO JSC DeloPorts, with Bart Kaal, Regional Service Manager, Damen Shipyards Group (Photo: Damen)

Damen Shipyards Group said it has signed a Letter of Intent (LOI) with Delo Group of companies, establishing plans to open a service hub in the Russian port of Novorossiysk. According to Damen, the new hub will aim to optimize the services provided to the growing number of Damen vessels operating in the region in addition to strengthening its relationship with the Delo Group. The LOI was signed by representatives from the two companies during the NEVA 2017 trade fair in Saint Petersburg, Russia.

30 Jun 2014

DELO Invests to Boost Shipping Business

 A recent arrival at Novorossiysk.  Part of the China Shipping Line new deep-sea service from the Far East to Russia (Credit GCS)

Over the past three years, DELO Group, a Russian private transport company, has implemented an investment program, including rail and other adjacent port infrastructure, construction of stevedoring and inland storage terminals for oil products, construction of the KSK grain terminal, acquisition of 50% of the NUTEP container terminal from its JV partner and an expansion program turning the terminal into a chief container terminal throughout Russian coasts. “We are planning to double capacity at NUTEP from 350,000 to 600 - 700,000 TEU,” said Andrei Bubnov, CFO of DELO Group.

08 May 2013

Black Sea Terminal Operator Continues Development Program

NUTEP has completed the latest phase of its ambitious development program with the upgrade of its railway facilities at the Black Sea port of Novorossiysk.

NUTEP, a container terminal operator in the Black Sea port of Novorossiysk, completed the latest phase of its ambitious port development program  with the upgrade of its railway facilities there. The company has removed the original rail lines, constructed a new yard at the rear of the terminal and increased overall block-train capacity at the terminal to 30 trains – about 112 TEU each – a month. The total length of the railway lines is now more than 4km and, at 425m each, the two new loading sidings allow NUTEP to handle two block-trains a day.

22 Oct 2012

GCS Adds New Feeder and Short-Sea Links

The Global Container Service Group (GCS) has added new feeder and short-sea links to the list of services calling at the NUTEP terminal in Novorossiysk. Both GCS and NUTEP are members of the Delo Group. X-Press Feeders has launched the BSX service to Novorossiysk, Odessa and other Black Sea ports by adding a vessel to Evergreen’s Black Sea feeder (BSF). Piraeus – Odessa – Constantza – Varna – Piraeus. Piraeus – Novorossiysk - Odessa – Constantza – Varna – Istanbul - Piraeus. Novorossisyk – Odessa – Evyap – Istanbul – Gemlik – Izmir – Alexandria – Ashdod - Haifa – Izmir – Istanbul – Gemlik – Evyap –Novorossisyk – Odessa. Now, Admiral is starting a second service, an Istanbul (Marport)/Novorossiysk shuttle, using the 508TEU Corsa. The first sailing is due to take place in late October.

26 Apr 2007

STX to Build Shipyard in Azerbaijan

Azerbaijain Investing Company and STX Shipbuilding Co. signed the memorandum of understanding for plans to build a shipyard to produce and repair tankers in Garadaga (the region of Baku), reports Delo quoting Reuters. According to Riad Gasymov, the assistance of the chief executive of Azerbaijain Investing Company, the investments and the building period will be announced in June-July of the current year when the technical and economical basis will be ready. It is planned that the share of STX will total 75%, the share of Azerbaijain Investing Company - 25%. At the present time Azerbaijan has 3 shipyards. The Azerbaijan fleet totals 43 tankers, including 8 tankers delivered from the Russian shipyard Krasnoe Sormovo. Source: SeaNews