VTB Tightens Grip on Black Sea Grain Export Hub
Russia's second-biggest bank VTB is buying one of the biggest grain terminals at the Black Sea port of Novorossiisk, in a surprise move that gives the state lender more control over the country's main deep-sea grain export hub.VTB, which already owns a stake in another grain terminal at the port, said on Thursday that it was buying 100 percent of Novorossiysk Grain Terminal from Novorossiysk Commercial Sea Port (NSCP).Its deal to buy the terminal from NSCP, which is controlled…
Milaha Launches BSX
Middle East's maritime and logistics company Milaha (Qatar Navigation) will start a direct container shipping service connecting the Black Sea and the Mediterranean in its first foray into Europe.According to a press release from the Qatar-based maritime transport and logistics conglomerate the new feeder service marks Milaha’s first European service linking the Mediterranean and Black Sea. The BSX demonstrates Milaha’s commitment to deliver reliable and agile services to its customers and partners globally.The BSX rotation is Piraeus (Greece)…
The Tanker Market: 2019 and Beyond
Late 2018 saw the tanker market bubble upwards through late November, with daily vessel hires moving in the direction of, though not yet reaching levels not seen since late 2014-2015, when oil prices were in freefall and inventories building to the brim. A few pundits have suggested that we are seeing a “mini 2014” where lowered oil prices are coaxing another inventory build which would drive tanker capacity utilization, and per diem freight inflows, higher. The oil market has changed over four years…
Turkmen Oil Exports via Russia’s Novorossiisk Port to Resume
Exports of Turkmen oil via Russia's Black sea port of Novorossiisk will resume in February, four market sources said.Turkmenistan stopped transit of its oil via Russia in 2016 and has been exporting all its crude via the Azeri Caspian port of Baku.Pumping Turkmen oil through the Makhachkala-Novorossiisk pipeline could add as much as 200,000 tonnes of crude per month into Russia’s Transneft system. Turkmenistan is currently shipping oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline…
Two Ships Ablaze Near Crimea, 10 Dead
Ten crew members have been found dead and 14 have been rescued after two ships caught fire in the Kerch Strait near Crimea, Russia's transport ministry said on Monday, with a rescue operation still underway.The ministry said earlier on Monday that crew members were jumping into the sea to escape the blaze, which probably broke out during a ship-to-ship fuel transhipment.Both ships were under the Tanzanian flag - Candy (Venice) and Maestro - and had a combined total of 31 crew members. Of them, 16 were Turkish citizens and 15 from India, it said.An industry source told Reuters there were stormy conditions in the sea when the incident happened.The Kerch Strait between Russian-annexed Crimea and southern Russia controls access from the Black Sea to the Azov Sea…
Six Killed as Cargo Ship Sinks Off Turkey's Coast
A cargo ship sank in rough waters off Turkey's Black Sea coast on Monday, killing six crew members including its captain, officials and media reports said.Seven other crew members were rescued by Turkish Coast Guard teams after a Panama-flagged vessel sank in the Black Sea off Turkey's northern Samsun province.According to a statement released by the Interior Ministry, coastguard teams were dispatched off 77 miles Samsun after receiving a distress call from the Volgo Balt 214.Thirteen crew members…
Two Dead as Bulker in Distress in the Black Sea
Two people died and another four were missing on Monday after a ship carrying coal sent a distress signal off the northern coast of Turkey, the coast guard and the local governor's office said.The Panama-flagged vessel, which departed from Russia's Azov port, sent out a distress signal around 148 kilometers (92 miles) off the northeastern Black Sea province of Samsun, the coast guard said.Thirteen crew members were on the bulk carrier including nine Ukraine nationals, two Azerbaijan nationals and two Russians, the Samsun governor's office said.The coast guard said the distress signal was received regarding a "possible sinking" of the ship.Seven members of the crew had been rescued so far while a search and rescue operation continued for the other four, the coast guard said.
Oil Shipments from Georgia's Batumi Port Drop 51 pct in 2018
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 51.2 percent in 2018 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Thursday.Some crude oil was re-routed to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium last year, the official added, while some fuel oil was sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi.The fall in shipments is partly because Azerbaijan prefers to send its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal in Kulevi, rather than from
Cargo Ships Caught in Russia-Ukraine Storm
Russia-Ukraine naval clash followed shipping holdups Ships bound for Ukrainian ports say they are held up while those bound for Russian ports go through.When the Island Bay cargo ship arrived from Beirut at the Kerch Strait, gateway to the Azov Sea, it sailed into a perfect storm of geopolitics and bad weather.The following day, Russia opened fire on three Ukrainian naval ships, impounded them and detained their sailors, some of them wounded. It then blocked the strait by putting a tanker underneath a new bridge it has built linking the Russian mainland to the Crimean peninsula it annexed from Ukraine in 2014.While the world digested the implications of the Nov.
Russia Ignores Western Calls to Free Captured Ukrainian Ships
Russia on Monday ignored Western calls to release three Ukrainian naval ships it fired on and captured near Crimea at the weekend and accused Kiev of plotting with its Western allies to provoke a conflict.Kiev in turn accused Russia of military aggression and put its armed forces on full combat alert, saying it reserved the right to defend itself. Ukrainian lawmakers were due to decide whether to introduce martial law for two months later on Monday, a move President Petro Poroshenko…
Engie to Buy Gas from Romania's Black Sea Oil & Gas
Romanian based independent oil and gas company Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the Gas Sales Agreement with ENGIE through its subsidiary Engie Energy Management Romania for natural gas supply from the Midia Gas Development (MGD)Project .Under this agreement, which is subject to Final Investment Decision, ENGIE will purchase gas from the Ana and Doina gas reservoirs over a…
TurkStream Gas Conduit Offshore Section Complete
The pipe-laying vessel Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea. The TurkStream pipeline will carry Russian gas across the Black Sea to Turkey.The command to weld the final joint of the gas pipeline’s second string was given by Vladimir Putin, President of the Russian Federation, and Recep Tayyip Erdogan, President of the Republic of Turkey.“Construction of TurkStream – a new gas pipeline connecting Russia and Turkey via the Black Sea – is entering its final stage.
Teekay Expects Recovery in Tankers Market
Crude tanker rates have continued to strengthen during the early part of the fourth quarter of 2018, particularly in the Atlantic Basin with Aframax tanker rates in this region attaining levels not seen since December 2016 and Suezmax tanker rates averaging the highest since March 2017, says Teekay Tankers.The conventional tanker fleet operator said that crude tanker spot rates firmed counter-seasonally during the third quarter of 2018, which is typically the weakest quarter of the year, as higher OPEC and Russian oil production, coupled with strong crude oil exports out of the U.S.
Second Turkish Drill Ship Will Operate in Black Sea
Turkey has completed the purchase of its second drilling ship, which will operate in the Black Sea at the north of the country, Energy Minister Fatih Donmez said on Friday.Turkey is almost completely reliant on imports to meet its energy needs.
Damen Lays Keel for New CEMEX Dredger
Damen Shipyards Group recently held a keel-laying ceremony for the CEMEX Go Innovation at Damen Shipyards Mangalia in Romania. The vessel is the first Damen MAD – the next generation of marine aggregate dredgers. The construction of the new vessel is drawing upon collaboration with multiple companies within the Damen Group, as well was with external partners, working together towards the development of a new standard in marine aggregate dredging.Damen has designed the future-proof vessel for long-lasting durability for operations in North Sea conditions over the coming decades.
Gazprom 95% Completes TurkStream Gas Pipeline's Offshore Section
Russian oil and gas giant Gazprom is progressing a number of gas pipeline stretching across the Black Sea projects with three major projects already 95.5 percent complete, the company claimed.The TurkStream will soon see the completion of its offshore section, bringing closer a consistent the supply of Russian gas to Turkey and its neighbours."The Company continues to pursue the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China.
Ancient Shipwrecks Found in Greek Waters Tell Tale of Trade Routes
Archaeologists in Greece have discovered at least 58 shipwrecks, many laden with antiquities, in what they say may be the largest concentration of ancient wrecks ever found in the Aegean and possibly the whole of the Mediterranean.The wrecks lie in the small island archipelago of Fournoi, in the Eastern Aegean, and span a huge period from ancient Greece right through to the 20th century. Most are dated to the Greek, Roman and Byzantine eras.Although shipwrecks can be seen together in the Aegean…
Sovcomflot Group Launches SCF Far East Tall Ships Regatta 2018
Russia’s largest shipping company Sovcomflot Group (SCF Group) informed that the SCF Far East Tall Ships Regatta 2018 was officially launched. This marks the first time that Russia’s Far East will host an international tall ship race.The principal competition begins on 1 September with the race from Yeosu (South Korea) to Vladivostok, with over 20 vessels from Russia, Japan, China, South Korea, Indonesia, and other countries competing to be the first to cover the distance of over 500 nautical miles. The ships are expected to arrive to Vladivostok on 8-9 September 2018.
Shipbuilder in Focus: DAMEN
With nearly three dozen shipyards spattered across the globe, Damen Shipyards Group based in the Netherlands is one of the world’s most active shipbuilders. Maritime Reporter & Engineering News examines the flurry of activity perpetuated by the shipbuilding and repair conglomerate.The Damen Shipyards Group reported a turnover of €2 billion in 2017, a year in which it delivered 165 newbuilds, including 64 tugs and workboats, five offshore vessels, 40 high-speed craft and ferries, 12 pontoons and barges, 23 dredging and specialty vessels, 16 vessels for defense and security and five yachts.
Repower on Germany’s Inland Waterway
Germany is located on the divide between the South flowing Danube system and the north flowing Mainz River which is a tributary of the Rhine. Since 1992 the remarkable Rhine-Mainz-Danube canal and locks have connected the two systems allowing cargos to travel from the North Sea to the Mediterranean via the Black Sea. This allows inland river cargo vessels access to thousands of kilometers or inland waters. Even if a boat lays up at night, it can still rack up a lot of hours on its engine.As a result, repowers are a necessary but important decision for vessel owners.
Some Russian Ships Stop Cargoes to Ukraine After Tanker Detained
Some Russian ships have stopped transporting cargo to Ukraine, deeming it risky after a Russian tanker was detained in a Ukrainian port as Kiev made good on sanctions against Moscow, two sources at shipowners said.It is the latest fallout from Russia's annexation of the Crimea peninsula in 2014 and the emergence of a pro-Moscow insurgency in eastern Ukraine.The Mekhanik Pogodin oil tanker, under the Russian flag, has been moored in the port of Kherson since Aug. 10, Reuters ship…
Unifeeder Becomes Part of the DP World
Following last week annoucement of acquisition, Unifeeder Group has announced the signing of the agreed acquisition of Unifeeder by DP World.The largest Pan-European feeder and shortsea operator announced in a press release that it will benefit from DP World’s global scope, size and presence which in turn will enable Unifeeder’s brands to expand further and beyond present geographies and products.Unifeeder will continue to operate on a fully independent, multi-user basis under its current existing management, and expects to see additional growth as a consequence of the transaction.
Damen Takes Over Mangalia Shipyard
To signify its first day of operations at Damen Shipyards Mangalia in Romania, Damen held a ceremony at the yard on Monday, July 23.The celebrations mark Damen’s completion of the transaction with Daewoo Shipbuilding & Marine Engineering (DSME) for the Mangalia shipyard, formerly known as Daewoo Mangalia Heavy Industries (DMHI). The yard, which will be renamed Damen Shipyards Mangalia, will be operated as a joint venture with the Romanian Government. Damen will assume operational control.The yard is located on the Black Sea coast…