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Russian Administration News

03 Aug 2023

Russian Seaborne Oil Exports Plummet 16% in July

Copyright Alexey Bakharev/AdobeStock

Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cuts for August, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.An even more important factor for the crude tanker market is how EU regulations have reshaped crude trades. China, India, and Türkiye have replaced EU countries as the main buyers of Russian crude oil…

05 Jun 2019

Maersk Unveils its First Cold Store in Russia

Danish international container shipping company A.P. Møller – Mærsk A/S (Maersk) has launched the construction of its new cold store facility in St. Petersburg to address the needs of a high-demand Russian market.The 3-chamber warehouse will offer specialised solutions extending the life cycle of perishable goods, said a press release from the business conglomerate with activities in the transport, logistics and energy sectors.On June 5th, 2019, the ground-breaking ceremony for the new warehouse took place in St. Petersburg, Russia in the presence of Maersk CEO Søren Skou, Fyffes CEO David McCann and representatives of regional and federal Russian administration.Constructed by the Russian industrial developer PNK Group, the facility will be located within the PNK Park Sofiyskaya KAD in St.

14 Oct 2009

Iridium, H2OSatellite on Beluga’s NE Passage Transit

Iridium Communications Inc. (NASDAQ: IRDM) and H2OSatellite provided critical satellite communications for Beluga Shipping’s successful pioneering transit of the challenging Northeast Passage this summer. The Beluga ships relied on Iridium OpenPort high-bandwidth marine satellite systems supplied by H2OSatellite for voice and data links throughout their voyage through the extreme Northern waterways, most of which are not reliably covered by any other long-range communication service. The exact position the two Beluga Shipping heavy lift project carriers stated in an e-mail to the Russian administration was 70° 16.7’ North – 057° 33.4’ East as they completed the historic voyage.

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