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Wednesday, November 21, 2018

Russia News

China Becomes Top Natural Gas Importer

© vladsv / Adobe Stock

China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.China's total natural gas imports over January to October this year via pipeline and as liquefied natural gas (LNG) were at 72.06 million tonnes, up a third from the same period last year, according to Reuters calculations based on General Administration of Customs data.Japan…

Teekay Expects Recovery in Tankers Market

Image: Teekay

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.

Ice-breaking Tanker Heads for Russia to Load Yamal LNG

A new ice-breaking tanker capable of navigating the Arctic on its own is set to load its first liquefied natural gas (LNG) shipment from Russia's fast-expanding Yamal facility.The Georgiy Brusilov left South Korea's Daewoo Shipbuilding and Marine Engineering shipyard at the weekend and is due at Yamal's Sabetta port on Nov. 28, Refinitiv Eikon data shows.It is the eighth ARC7-class LNG carrier, which are longer than the Titanic, to join the Yamal fleet operated by Teekay, Mitsui OSK Lines and Dynagas, with another seven expected.The vessels have enabled Yamal's operator Novatek to ramp up production since its first LNG cargo at the end of last year…

Novatek Ships First LNG Cargo To China Via Arctic

Image: Novatek

Novatek Gas and Power Asia, wholly owned subsidiary of Russia’s largest independent natural gas producer Novatek, shipped a cargo of liquefied natural gas (LNG) produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC).The LNG cargo was delivered to Fujian LNG Terminal in China via the Northern Sea Route (NSR) by an Arc7 ice-class LNG carrier in 20 days, completing the NSR part of the journey in 7.5 days.A release from the natural gas producers quoted Leonid Mikhelson…

Fast Delivery of Beloe More to Siberian Harbor Before Winter

Beloe More (Photo: Damen)

The Beloe More recently joined its sister vessel Severnaya Dvina in the Port of Sabetta, northern Russia. The 2,000 m3 hopper dredger was delivered from stock to FSUE ROSMORPORT. The customized hopper dredger will perform maintenance duties and execute capital dredging in the newly created harbor.The Beloe More - meaning ‚ÄėWhite Sea‚Äô in Russian - is not the first vessel Damen has delivered to ROSMORPORT. As Vadim Akimov, Damen Sales Director, explains : ‚ÄúROSMORPORT is the Russian enterprise responsible for the accessibility of all major Russian sea ports.

TurkStream Gas Conduit Offshore Section Complete

Pioneering Spirit pipelaying vessel. Photo: Information Directorate, Gazprom

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‚Äôs second string was given by Vladimir Putin, President of the Russian Federation, and Recep Tayyip Erdogan, President of the Republic of Turkey.‚ÄúConstruction of TurkStream ‚Äď a new gas pipeline connecting Russia and Turkey via the Black Sea ‚Äď is entering its final stage.

Clean Arctic Alliance Calls for Renewing Commitment to HFO Ban

Pic: HFO-Free Arctic

Clean Arctic Alliance called on member states to ‚Äúrenew their commitment‚ÄĚ so that a ban on the use and carriage of polluting heavy fuel oil (HFO) from Arctic shipping can be adopted in 2021 as  the International Maritime Organization (IMO‚Äôs Marine Environment Protection Committee (MEPC 73) gathered yesterday (October 22) in London.‚ÄúIMO member states must be resolute in ensuring that the Arctic ban on heavy fuel oil is developed by 2020, and adopted  in 2021, to protect Arctic ecosystems and communities from both the threat of oil spills and the impact of black carbon emissions‚Ä̂Ķ

Gagarin Prospect Performs Ship-to-Ship LNG Bunkering

Gagarin Prospect. Pic: PAO Sovcomflot

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‚Ķ

US, Russian Energy Majors Join to Push LNG in India, Japan

Pic: ExxonMobil

Russia's energy major Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, Reuters reported.The report said that  the LNG production project will come up in partnership with Japan‚Äôs SODECO and India‚Äôs ONGC Videsh.All four companies are partners in the Sakhalin-1 fields from which the requisite gas for the facility will be drawn, however Rosneft and Exxon had previously planned to build the facility without the other partners.As well as spreading the costs among more stakeholders‚Ķ

EU Okays CMA CGM’s takeover of Containerships

Pic: Containerships

European Commission’s competition regulators has approved CMA CGM acquisition of Container Finance, the holding company that controls regional container operator Containerships.CMA CGM, the world’s fourth largest carrier by capacity, agreed in June to acquire Finland-based Containerships and its logistics operations."A combination agreement between Container Finance Ltd Oy and CMA CGM, signed on 20th June 2018, has been accepted unconditionally by all relevant competition authorities meaning CMA CGM is free to take over short sea carrier Containerships…

Wärtsilä Designs Unique Factory Trawler

The specially designed unique bow design of the trawler enhances efficiency. The 121 meters long factory trawler will also be capable of processing fish from other vessels. (Image: Wärtsilä)

Wärtsilä has been contracted to provide the ship design for a state-of-the-art factory fishing trawler. The vessel will be unique in having the combined capabilities of twin trawling for many different fish species, having both conventional winching as well as pumping systems for bringing the catch onboard, and being able to process fish from other vessels. The ship is to be built in Kaliningrad at the Yantar shipyard for RK named after V.I. Lenin (RK Lenina), the owner. The order‚Ķ

Russia's Only Aircraft Carrier Damaged after Floating Dock Sinks

Russia's only aircraft carrier was damaged while undergoing repairs in the north of the country after the floating dock holding it sank in the early hours of Tuesday morning and a crane crashed onto its deck.The Admiral Kuznetsov has seen action in Russia's military campaign in Syria in support of President Bashar al-Assad with its planes carrying out air strikes against rebel forces.It was being overhauled on one of the world's biggest floating docks in the icy waters of the Kola Bay near Murmansk close to where Russia's Northern Fleet is based and was due to go back into service in 2021.Maria Kovtun, Murmansk's governor, said in a statement that a rescue operation had been launched and 71 people evacuated after the floating dock holding the ship had begun to sink.The warship had been suc

Gazprom 95% Completes TurkStream Gas Pipeline's Offshore Section

Image: Gazprom

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.

IFM, Vitol and VIP Take Joint Ownership of Vitol Tank Terminals International

Image: IFM Investors, VTTI B.V.

Vitol Investment Partnership(VIP), an investment vehicle sponsored and managed by Vitol, and IFM Investors, a global provider of investment services to institutional investors,  have agreed to acquire Buckeye Partners LP‚Äôs 50% equity interest in Vitol Tank Terminals International  (VTTI), a leading global independent provider of energy storage.On completion, VTTI will be owned 50% by IFM and 50% by Vitol and VIP. It will continue to be managed by an independent management team led by Rob Nijst‚Ķ

Port of Hamburg, Metrans Group Join for Intermodal

Axel Mattern, Joint CEO of Port of Hamburg Marketing, and Egidijus Lazauskas, Deputy Director-General and Director Freight Traffic for Lithuanian Railways, have signed a Memorandum of Understanding in Vilnius to strengthen cooperation on the routes to and from the Port of Hamburg. Photo: Hafen Hamburg Marketing

The Port of Hamburg and Metrans Group are intensifying their links with Lithuanian Railways. Axel Mattern, Joint CEO of Port of Hamburg Marketing, and Egidijus Lazauskas, Deputy Director-General and Director Freight Traffic for Lithuanian Railways, have signed a Memorandum of Understanding in Vilnius to strengthen cooperation on the routes to and from the Port of Hamburg.In addition, Hamburger Hafen und Logistik AG - HHLA’s intermodal subsidiary Metrans, and Lithuanian Railways signed a Letter of Intent to promote and improve cross-border freight flows.For years…

China CNOOC receives first LNG shipment from Russia's Yamal project

(Photo: Novatek)

China National Offshore Oil Co, or CNOOC, offloaded a liquefied natural gas (LNG) cargo on Nov. 11 shipped from Yamal, first of its kind the Chinese firm received from the Russian Arctic gas project, CNOOC said on its website on Tuesday.The cargo, purchased from Russian firm Novatek, was delivered into CNOOC's receiving terminal in Putian of southeastern province of Fujian.Novatek controls Yamal LNG, which is co-invested by France's Total, China's CNPC and the Silk Road Fund. Yamal launched its second LNG train in August with an annual capacity of 5.5 million tonnes.

LNG Shipping Rates Double Since End-August

© Björn Wylezich / Adobe Stock

Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.That is a 6-year high and compares to Atlantic basin rates of $75,000 at the end of August and around $95,000 at the end of September.Rates have jumped due to supply from new plants, longer distances traveled and anticipation of higher prices prompting shippers to lock in longer-duration contracts."Charterers continue to lock in multi-month contracts ahead of the winter and we continue

Kvaerner Eyes Growth, Mergers as Profits Decline

Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings that drove down its shares.Kvaerner's quarterly earnings before interest, tax, depreciation and amortization (EBITDA) fell to 76 million crowns ($9.19 million) from 245 million crowns a year ago."In a period where some recently awarded projects are not yet recognising margin and with less effects from milestones and incentives in other projects, this influences EBITDA and margins, as ex

Lukoil Groundbreaking Ceremony at Rakushechnoye Field

Image: Lukoil

Russia's Lukoil informed its President Vagit Alekperov, jointly with Head of the Astrakhan Region Sergey Morozov, took part in the official groundbreaking ceremony to mark the start of construction of infrastructure facilities of Rakushechnoye field.This is the Company's third large project in the Caspian Sea alongside with two other fields, Yury Korchagin and Vladimir Filanovsky.Commercial oil production, with an estimated plateau level of 1.2 million tonnes, is expected to commence…

Thordon Bearings Strengthens European Presence

Photo: Thordon

Thordon Bearings, the provider of bearing solutions for marine, has signed sales and distribution agreements with St. Petersburg-based Industrial & Marine Projects (IMPRO) and Tallinn’s Marine Ecology Equipment (MEE), in a development that anticipates the introduction of more stringent pollution rules for European waterways.The appointment of new distributors for Lithuania, Latvia, Estonia, Russia and Azerbaijan coincides with concern that more should be done to reduce the impact…

24 Damen Stock Vessels to Arrive in Port of Rotterdam

Photo: Damen Shipyards

The MV Tasmanic Winter has nearly finished its voyage from China to Rotterdam with 24 new vessels on board built at Damen yards in Changde and Yichang.In line with its standard practice, Damen is transporting these in batches to the Netherlands where most of them will be ready for sale to customers seeking the shortest possible delivery times, including customization when required.In a first for Damen, the Tasmanic Winter took the Northern Sea route along Russia’s north coast, which can reduce the journey time by up to eight days compared with the traditional southern route.

Industry Groups Welcome Arctic Heavy Fuel Oil Ban

Pic: Pacific Environment

The Clean Arctic Alliance and indigenous groups welcomed the support given by member states to commence work on developing a ban on the use and carriage of heavy fuel oil in Arctic waters as the International Maritime Organization’s Marine Environment Protection Committee (MEPC 73) closed last week in London.Support for commencing work, to mitigate the risks of using and carrying HFO fuel in the Arctic which includes developing a ban, at the PPR6 technical meeting, in February 2019…

Yarudeyskoye Field Produced 10 MT of Crude Oil

Image: PAO Novatek

PAO Novatek announced that cumulative production at the Yarudeyskoye field owned by the Company’s subsidiary Yargeo, reached a milestone of 10 million tons of crude oil production since the commencement of operations.The field’s commercial production commenced in December 2015, and by January 2016, the field reached its full productive capacity, said a press release from the Russia's largest independent natural gas producer.The Yarudeyskoye field is the largest crude oil asset in the Company’s portfolio…

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