Russia's First Sea-borne Nuclear Power Plant Arrives in Arctic
Russia's first-floating nuclear power plant arrived in the Arctic port of Murmansk over the weekend in preparation for its maiden mission, providing electricity to an isolated Russian town across the Bering Strait from Alaska.The state company behind the plant, called the "Akademik Lomonosov", says it could pioneer a new power source for remote regions of the planet, but green campaigners have expressed concern about the risk of nuclear accidents. Greenpeace has called it the "nuclear Titanic".Russian state nuclear company Rosatom…
PAO Sovcomflot: Tanker Market is Challenging
PAO Sovcomflot (SCF Group) continued to increase the share of its fleet serving long-term energy projects over the first quarter ending 31 March 2018. This helped offset the negative impact of the protracted decline in freight rates that continues within the conventional tanker freight markets. Nikolay Kolesnikov, Executive Vice President and CFO of PAO Sovcomflot, commented on the quarter's results: "In the first quarter of 2018, conditions within the global conventional tanker market remained extremely challenging.
Novatek Plans New Arctic Transport Company
Russia's gas production and sales company PAO Novatek has created a transportation unit called Maritime Arctic Transport. "The Board of Directors of PAO Novatek resolved on creating a transportation subsidiary called Maritime Arctic Transport LLC to manage and optimize transportation costs, build up the unique competencies of Arctic navigation and ensure centralized management of the Arctic fleet," said a press release from company. Novatek’s Chairman of the Management Board…
India Takes U.S. Steel Tariffs Complaint to the WTO
India has launched a complaint against the United States to challenge U.S. President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday.Indian officials told Reuters last month that their government would open a WTO dispute if the country's firms were not granted an exemption.Trump imposed the tariffs in March, levying 25 percent on steel imports and 10 percent on aluminium. He said they were justified by national security concerns and therefore outside the WTO's remit.India…
Norway Expects Gas Export Prices to Slip in 2019
Prices of Norwegian gas exports are likely to rise slightly this year amid strong demand, but will fall back in 2019 as liquefied natural gas (LNG) deliveries in Europe are expected to increase, the government said in its revised budget on Tuesday.Europe's largest gas supplier after Russia forecast gas export prices would rise by 0.1 crowns per standard cubic metres (sm3) to average 1.8 crowns (22.43 U.S.
Ukrainian Formin Wants Tougher Sanctions On Russia
The West should impose tougher sanctions on Russia, which is waging a "hidden war" in eastern Ukraine, Ukraine's acting Foreign Minister Andriy Deshchytsia said in an interview with German newspaper Die Welt. The United States and the European Union have already imposed several rounds of sanctions on Russian individuals and some companies, accusing Russian President Vladimir Putin of stoking the eastern rebellions, a charge Putin has denied. "The West should impose more severe sanctions that hit specific economic sectors such as banking and target Russian decision makers…
Nord Stream 2 Dredging Starting Off German Coast
A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast."Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two pipelines running in parallel."Preparatory works are in accordance with the Stralsund mining authority's planning approval," it said.
HMM New Service in North China, Korea and Russia
Hyundai Merchant Marine (HMM) announces the launch of a new North China-Korea-Russia weekly service, under the name of ‘CRN (China Russia North Service)’. The CRN service covers the ports of ‘Qingdao-Shanhai-Ningbo-Pusan-Vladivostok-Vostochny-Pusan-Qingdao’ and will begin on March 31. HMM will deploy one container ship on the route, and FESCO will place two vessels on the route. HMM has been offering CRS (China Russia South Service) services on South China-Middle China-Korea-Russia in cooperation with FESCO and CMA-CGM.
HMM, FESCO and CMA CGM Launch Joint CRS Loop
Prior to the launch, HMM has been jointly operating two services ‘KRS (Korea Russia Service)’ and ‘KR2 (Korea Russia Service 2)’ with FESCO. HMM merged the two joint loops and broaden its service coverage to the South China and the Middle China, and changed the service name to CRS, which was also joined by a French carrier CMA CGM. The new weekly service turns in three weeks with three ships of 2,700-4,600 teus those were provided by each company. The service calls at Hong Kong, Chiwan, Xiamen, Ningbo, Shanghai, Busan, Vladivostok (Commercial Port), Vostochny, Busan, Hong Kong.
Russia Plans Fuel Shipments to Syria from Crimea
Russia plans to supply Syria with 200,000 tonnes of liquefied petroleum gas (LPG) per year via the Crimean port of Kerch, two trading sources told Reuters. The plans are a further sign of cooperation between the two countries despite hopes in the West that Russia might stop shielding President Bashar al-Assad from pressure to step aside. Moscow had been shipping significantly lower volumes of LPG to Syria via Kerch before Russia annexed the Crimea peninsula from Ukraine in March 2014. The United States and the European Union, which say the seizure of Crimea violates international law, have imposed sanctions on individuals and business in Crimea, which include restrictions on use of the Kerch port. Russia is a staunch ally of Syria and an exporter of arms to Damascus.
CaroTrans Adds Direct New York-St. Petersburg Service
CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, announced a direct, all-water LCL service from New York to St. Petersburg, Russia. This fortnightly service will commence on November 23 and has a 21 day transit. Russia is a major global trade growth market with over 140 million consumers, many in an expanding middle class, making it an important U.S. export location. When shipping to St. Petersburg, the largest container port in Russia, exporters eliminate transshipment hub delays and the associated costs. CaroTrans’ team on the ground in St. Petersburg provides reliable, secure support and facilitates timely cargo availability, and the company’s U.S.-based Russia Trade Manager is positioned to coordinate dependable cargo moves.
Greenpeace Russia Vessel Detention: Dutch Government Bond Ready
The Dutch Foreign Ministry has finalised a bank guarantee of 3.6 million euros in compliance with a binding ruling by the International Tribunal for the Law of the Sea (ITLOS) ordering Russia to release the Greenpeace ship Arctic Sunrise and the Arctic 30 protesters. "The Netherlands has now fulfilled its part of the Tribunal's binding order and Russia is obligated to also comply by releasing the ship and the Arctic 30, as the Tribunal so ordered. The Tribunal has ordered both Russia and the Netherlands to report back on progress with their compliance by December 2.
Novatek, Marubeni, Mitsui agree on LNG hub in Kamchatka
Russia's Novatek said on Tuesday it had signed a memorandum of understanding with Japan's Marubeni and Mitsui O.S.K. Lines to explore options for a liquefied natural gas complex in Russia's Kamchatka region. Novatek added that the action plan was to explore opportunities to establish an LNG transshipment and marketing complex at Kamchatka in Russia's far east. Novatek plans to launch its first LNG plant on Russia's Yamal peninsula next month, to export supercooled gas both to Europe and Asia. (Reporting by Katya Golubkova; Editing by Dmitry Solovyov)
Russia Says Will React if U.S. Imposes New Sanctions
Russia will take counter measures if Washington imposes new sanctions on Moscow over the Ukraine crisis, Russia's Deputy Foreign Minister Sergei Ryabkov said on Saturday. The U.S. Congress has readied new sanctions on Russian weapons companies and investors in the country's high-tech oil projects, but U.S. President Barack Obama has yet to sign a corresponding bill into law. "We will not be able to leave that without an answer," Russia's Interfax news agency quoted Ryabkov as saying. He did not say what form of counter-measure Moscow might take. Relations between Russia and the United States are at their lowest since the Cold War because of Russia's annexation of Crimea from Ukraine in March and its support for pro-Russian rebels in eastern Ukraine.
Ukraine Suspends Gas Payments to Russia
Ukraine is suspending payments to Russia for gas deliveries until the conclusion of price talks, chief executive Andriy Kobolev said on Saturday. State-run Naftogaz has suspended payments to Russia amid increasing tensions in a standoff that has the potential to leave European Union states cut off from the Russian gas supplies on which they depend, according to international media reports. Russia has raised the gas price for Ukraine and claimed it owed Moscow USD 2.2B in unpaid bills.
US Closer to Imposing More Sanctions on Russia
U.S. Secretary of State John Kerry suggested on Thursday that the United States is drawing closer to imposing more sanctions on Russia by saying time was running out for Moscow to change its course in Ukraine. "The window to change course is closing," he told reporters. "(Russian) President (Vladimir) Putin and Russia face a choice. If Russia chooses the path of de-escalation ... all of us will welcome it. But if Russia does not, the world will make sure that the costs for Russia will only grow." (Reporting By Arshad Mohammed; Editing by Sandra Maler)
Putin Sees No Need To Sanction West, May Review Energy Ties
Russian President Vladimir Putin said on Tuesday that Moscow saw no need for counter sanctions against the West, but could reconsider the participation of Western companies in its economy, including energy projects. "We would very much wish not to resort to any measures in response. I hope we won't get to that point," he told reporters after meeting with the leaders of Belarus and Kazakhstan. The United States on Monday unveiled a new round of sanctions aimed at business leaders and companies close to Putin…
Turkmenistan Seeks to Tap into East-West Cargo Flows with New Seaport
Turkmenistan on Wednesday opened a new $1.5 billion cargo and passenger seaport on the Caspian Sea aiming to boost its export revenues by handling shipping traffic between Asia and Europe.The Central Asian country's main source of hard currency is its gas exports, which took a hit when Russia, once its main customer, stopped all purchases in 2016 after a pricing dispute.The port, in the city of Turkmenbashi, will more than triple Turkmenistan's cargo handling capacity to 25-26 million tonnes a year…
Tug Delivery Kicks Off Major Project in Russia
With the loading of eight custom-made Damen tugs, German heavy lift company Combi Lift reached a milestone in the Gazprom Amur Gas Processing Plant Project in Russia. This officially marks the transition period between the project’s planning and implementation stages.Combi Lift, contracted by the Linde Group as the exclusive logistics partner for oversized and heavy cargo, chose to cooperate with SAL Heavy Lift in this project. On behalf of Combi Lift, SAL’s Type 161B vessel MV Annette loaded eight newly built tugs in the Waalhaven in the Port of Rotterdam, the Netherlands.
Russia's NLMK Could Close U.S. Business Due to Tariffs
Russian steelmaker NLMK has told the U.S. Department of Commerce that it could be forced to shut down its U.S. business due to the impact of new U.S. tariffs."Without an exclusion for semi-finished steel slabs, the tariffs will have the perverse effect of killing U.S. steelmaking jobs and potentially putting our company out of business," NLMK USA's Chief Executive Robert Miller wrote in a letter to the U.S. Department of Commerce dated March 23, 2018.Reporting by Polina Ivanova and Anastasia Lyrchikova; Writing by Polina Ivanova
With Eye on Russia, US Navy Reestablishing Its Second Fleet
The United States Navy is re-establishing its Second Fleet, responsible for the northern Atlantic Ocean, nearly seven years after it was disbanded as the Pentagon puts countering Russia at the heart of its military strategy.“Our National Defense Strategy makes clear that we’re back in an era of great power competition as the security environment continues to grow more challenging and complex,” Chief of U.S. Naval Operations Admiral John Richardson said on Friday.“Second Fleet will exercise operational and administrative authorities over assigned ships…
Poland Cuts Dependence on Russian Oil but at a Cost
Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published on Tuesday showed, though Warsaw's bid to diversify its energy imports also meant paying higher prices.Russian oil accounted for 76 percent of all oil purchases, down from 96 percent in 2012, as state-run refiners PKN Orlen and Lotos increased their purchases of oil from sources other than Russia.PKN Orlen signed a long-term agreement on regular oil supplies with Saudi…
PDVSA Diverts Crude Tanker from Curacao
Venezuela's state-run PDVSA ordered a tanker carrying Russian oil that was waiting to discharge at its Curacao terminal to divert to Venezuelan waters after ConocoPhillips introduced an order in a Caribbean court to seize its inventories and other assets in the island, according to a shipper and Reuters data on Tuesday.The Aframax tanker British Cygnet loaded crude at Russia's Primorsk terminal in April. It arrived in Curacao's Bullenbay terminal, operated by PDVSA, on Sunday…