Sovcomflot Advances Green Shipping Along the NSR
Two large-capacity Sovcomflot tankers using cleaner-burning LNG as a primary fuel, Mendeleev Prospect and Lomonosov Prospect, have successfully completed their respective voyages eastbound along the Northern Sea Route (NSR).Lomonosov Prospect has reached Cape Dezhnev, the easternmost end of the NSR, at 05:50 Moscow time on October 16, 2019. Mendeleev Prospect did the same three days later, at 13:00 Moscow time on October 19, 2019. Both vessels, bound for China with a cargo of crude oil from the Port of Primorsk…
Gagarin Prospect Performs Ship-to-Ship LNG Bunkering
The large-capacity Aframax tanker "Gagarin Prospect", owned by Russia's SCF Group, successfully implementated construction and operation commencement using LNG as the primary fuel.Konstantin G. Palnikov, Director General of Russian Maritime Register of Shipping, participated in a protocol event dedicated to this project.This pioneered the expansion of LNG fuel into the global shipping industry, for large-capacity ships not tied to fixed routes or set timetables.The specialized LNG bunkering ship Cardissa…
Transneft Rejects Summa's Proposal to Complete Port Deal
Russian oil pipeline monopoly Transneft has rejected a proposal from its rival Summa Group to complete a deal to buy a Novorossiysk Commercial Sea Port (NCSP), a Transneft spokesman said on Monday.If the deal goes ahead it will allow Transneft to take control of Russia's largest port operator. But Transneft said earlier this month it had suspended talks on the deal after the authorities arrested the co-owner of Summa, Ziyavudin Magomedov, on charges of embezzling more than $35 million.Magomedov denied the charges at a pre-trial hearing…
Russia Ramps up Fuel Exports in Fight for European Market
Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show. Russia embarked on a modernisation of its biggest refineries in 2011 following a fuel shortage crisis. It also changed its tax system to favour production of cleaner and higher-quality fuel. The modernisation, which has not been completed yet, led to a surge in output of light products and exports, which has hurt European refineries' margins.
Urals Oil Exports From Baltic Ports to Fall in June
Russia's June Urals crude exports from the Baltic Sea ports are expected to fall by 15 percent compared with May on a daily basis to 5.51 million tonnes, a preliminary loading plan seen by Reuters showed on Thursday. Crude loadings from the port of Primorsk were set to fall by 30 percent to 2.71 million tonnes due to planned works on Baltic pipeline system. Supplies from the neighbouring Ust-Luga port are set at 2.8 million tonnes, up 100,000 tonnes from the May loading plan.
Russia Diesel Exports from Primorsk to Rise in May
Russia is set to export 1.256 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in May, slightly up from 1.209 million tonnes in April, trading sources said on Friday. (Reporting by Ron Bousso. Editing by Jane Merriman)
Russia Tops up Urals Oil Exports from Baltic Sea
Russia will ship an extra 100,000 tonnes of Urals crude oil from the Baltic Sea port of Primorsk in April, bringing total shipments from that port to 4.6 million tonnes, according to a schedule seen by Reuters on Friday. The extra cargo will be shipped by Rosneft on April 20-21. This will increase total Urals oil supplies from the Baltic Sea to 7.1 million tonnes next month - the highest monthly figure since October 2013. (Reporting by Olga Yagova; writing by Vladimir Soldatkin; Editing by Alexander Winning)
Glencore Sells Russian Blend to Chevron for U.S. Delivery
Swiss-based trader and miner Glencore has sold 100,000 tonnes of Urals for loadings from Primorsk on Jan. 16-17 to Chevron for delivery to the US Gulf Coast, traders said, making a return to the United States after a four-year hiatus. Glencore originally bought the cargo from Russia's Rosneft under a five-year pre-finance agreement, according to the traders. Rosneft declined to comment. Glencore does not typically comment on its trading deals. The cargo had been loaded from the Baltic Sea port of Primorsk on the vessel called Sparto, port agents' data shows. Sparto was heading to Skagen in Denmark, where it would be re-loaded onto another tanker for shipment to the United States, traders said.
Slow Start for Tanker Rates in New Year
A super year for the VLCCs behind us which ended at earnings Meg/East close to $100k/day, says Fearnleys Week. The new year has started somewhat slower and rates ex Meg are off the peaks, but earnings remain very healthy. Continued interest for period is keeping the momentum going and rates ex Meg seem to withstand charterers fierce attempts to shave further off the rates. Close to two thirds of the January program covered so far in the Meg and further direction dependent on what is left before the BOT Feb stems are available only in a week or so.
Russia to Deepen Novorossiysk for Larger Ships
The Russian government plans to spend between $400 to $500 million to expand and deepen the harbor of the Novorossiysk seaport to handle larger vessels, reports Moscow News. Construction, in order to make it more competitive with Ukrainian ports also on the Black Sea, is set to begin in the first quarter of next year with completion scheduled for 2020. Russian government expects that the project will boost container volume at Novorossiysk by 10 to 15 percent annually. The operator…
Gunvor Emerges as Winner in Rosneft's Jumbo Oil Tender
Trading house Gunvor, which has been selling assets in Russia, has again emerged as the winner of a semi-annual Rosneft tender, traders said on Tuesday. They said Gunvor would lift from 200,000 tonnes to 500,000 tonnes of Russian Urals crude per month from the Baltic Sea port of Primorsk in October-March. Rosneft declined to comment. The traders said that the company has not officially sent the tender results to the winners. Traders also said that Chinese Unipec would lift 140,000 tonnes of Urals from the Black Sea port of Novorossiisk. The results of tender for 80,000-cargos were not immediately available. (Reporting by Gleb Gorodyankin; writing by Vladimir Soldatkin)
Med Crude-Russian Urals Weakens in Mediterranean
Russian Urals crude weakened in the Mediterranean on Monday and paper swaps showed potential for the grade to lose further ground in August. In the Platts window, Litasco offered an 80,000 tonne cargo in the Mediterranean at dated Brent minus 65 cents, some 20 cents weaker than previous price estimates, but found no buyers, traders said. Urals August swaps showed prices could weaken to dated Brent minus 60 to 75 cents in the Mediterranean and by some 10-15 cents in the Baltic from the current levels of dated Brent minus $1.20-1.30 a barrel. "It looks like August could be similar or slightly shorter than July in terms of volumes. So prices will most likely remain range-bound," said a trader with an oil major.
Russia to Cut Pipeline Oil Exports, Oil Transit
Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said on Tuesday. The sources, who spoke on condition of anonymity, told Reuters oil exports and transit via the Baltic Sea port of Primorsk were seen rising to 12.4 million tonnes from 12.1 million in the second quarter. Those through the Ust-Luga port were seen falling to 6.6 million tonnes from 7 million. The Black Sea port of Novorossiisk is expected to ship 7.4 million tonnes versus 7.8 million tonnes.
Russian Liftings for Western Options at 12-Year Low
MOSCOW, Nov 25 (Reuters) - Exports of Russian crude oil to Western markets are set to fall by almost a third in December and reach a 12-year low as traders withhold cargoes to wait for lower duties from Jan. 1, a preliminary export programme showed on Tuesday. Total seaborne Urals crude exports are seen at 5.3 million tonnes next month, their lowest since February 2003, when they stood at 5.1 million tonnes. The decreasing volumes may bolster Russia's position in talks to persuade members of the Organization of the Petroleum Exporting Countries to cut its oil production to bolster prices, which fell by 30 percent from a June peak. According to the preliminary schedule…
Unipec Books Two Large Cargos to Take Urals to Asia
China's Unipec is taking two very large crude carriers with around 4 million barrels of Urals crude to Asia in a move to support Russia's main export grade, traders said on Thursday. Traders said Unipec had booked two VLCCs - Front Tina and British Vintage - and will fill it with the Russian crude after actively buying smaller cargoes in the Platts window in recent days. On Thursday, Unipec bought a 100,000 Urals tonnes cargo from Eni in the Baltic at dated Brent minus $1.45 a barrel for Sept 25-29 delivery, traders said. Unipec has become one of the most active players in the Urals market in recent years. The company used to take most…
Oil Products Flow to Primorsk Resumed
Russia resumed oil products shipments to Primorsk after a halt following "criminal tapping" of pipeline, a subsidiary of Russian oil pipeline monopoly Transneft said. "It has not affected and will not affect exports schedule," it added. Russia stopped oil products shipments to the Baltic Sea port of Primorsk on Tuesday due to "criminal tapping" of the pipeline. (Reporting by Gleb Gorodyankin; writing by Katya Golubkova; Editing by Lidia Kelly)
Russia's Surgut to Export Baltic Diesel
Surgut to transport diesel by rail from its Kirishi refinery; Main diesel terminal in Primorsk reaches full capacity. Surgutneftegas will start exporting diesel from the Baltic port of Ust Luga next month after extensive modernising upgrades to Russian refineries have created a surplus of higher grade fuels, traders said. Russian refiners are struggling to find new ports to cope, with the Baltic's Primorsk already at full capacity. Surgut, Russia's third-largest oil producer, plans to transport diesel by rail from its 420,000 barrels-per-day (bpd) Kirishi refinery in northwest Russia to Ust Luga. From there it will be exported from the Sibur-Portenergo terminal owned by Sibur, Russia's top petrochemical company, the trading sources said.
Russia Eyes Boosting Primorsk Diesel Exports
Reuters- Russia's oil pipeline monopoly Transneft said on Thursday it plans to nearly triple exports of ultra low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk after 2016 when domestic companies are expected to boost production. As there will be not enough pipeline capacity to export the production then, Transneft said it will adjust one of the crude oil links leading to Primorsk to a pipeline able to ship ULSD. Transneft would start works to ship ULSD from the Kirishi refinery, owned by Surgutneftegas, to Primorsk later this spring and the pipeline would be ready to ship the fuel next autumn or winter, the company said in emailed remarks.
New Wilhelmsen Office in Russian Baltic Port
Wilhelmsen Ships Service has opened an office on the port of Primorsk on the Russian Baltic Sea. The company started providing its broad range of ships agency services there in December 2009, supplying first MT Atalandi, which sailed on Dec. 16, and then MT Atlas Voyager, which sailed on Dec. 20. Since then Wilhelmsen Ships Service has consistently provided to other vessels visiting the port. Primorsk Oil terminal is the final point of the Baltic Pipeline System operated by the state entity Transneft. At present, up to 65 million tons of crude oil are shipped out of the port annually, with oil delivered from the Timano-Pechorskoye oil field as well as from various fields of West Siberia and the Urals. (www.wilhelmsen.com/shipsservice)
ABS: Technical Guidance For Ice Class Tankers
The guide is an outgrowth from ABS’ work with the principal Asian shipyards developing new aframax ice class tanker designs in response to the increased traffic in the Baltic. Growing oil exports from the Russian port of Primorsk and Sakhalin have prompted a marked increase in the number of new tankers on order with ice strengthening to allow more flexible trading. Additionally, operators are taking into consideration the 2010 IMO imposed single hull phase-out deadline as they renew their aframax fleets.
ABS: Technical Guidance For Ice Class Tankers
The guide is an outgrowth from ABS’ work with the principal Asian shipyards developing new aframax ice class tanker designs in response to the increased traffic in the Baltic. Growing oil exports from the Russian port of Primorsk and Sakhalin have prompted a marked increase in the number of new tankers on order with ice strengthening to allow more flexible trading. Additionally, operators are taking into consideration the 2010 IMO imposed single hull phase-out deadline as they renew their aframax fleets. “The FEA Guide allows us to perform direct calculations for developing alternative structural arrangements that are more producible than those developed from the prescriptive rules,” says Akira Akiyama, Vice President, Technology & Business Development, ABS Pacific.
Changing Russian Export Patterns
Russia has the seventh largest oil reserves in the world (6% of total), after 5 Middle East Countries (totalling 63%) and Venezuela (7%). The other Former Soviet Union (FSU) republics Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan have together less than 2% of the total world reserves, estimated by BP to be some 1048 thousand million barrels. The Russian reserves are spread over a huge area: West Siberia, Volga-Urals, North Caucasus, the Caspian area, the Far East regions, and Eastern Siberia. The last region is estimated to be 90% unexplored, and also the Caspian area and the Far East regions were said by the Deputy Minister of Natural Resources, Ivan Glumov, to be to a great extent unexplored, according to INTERFAX.
Putin Pledges Support for Shipbuilders
According to a March 10 report from The Moscow Times, Russia plans to triple orders of state ships in the next six years to $19b and build a new shipyard near the Baltic Sea port of Primorsk, Industry and Trade Minister Viktor Khristenko said Friday. (Source: The Moscow Times)