Russia News

11 Dec 2019

Wison Begins Arctic LNG 2 Project

Photo: Wison Offshore & Marine

Wison Offshore & Marine (WOM), the upstream oil and gas division of Chinese conglomerate Wison Group Holding, announced the fabrication of Arctic LNG 2 Project (ALNG2 Project) commenced in Zhoushan Yard.The module fabrication contract was awarded by Technip France S.A., a wholly-owned subsidiary of TechnipFMC.Novatek, client of ALNG2 project, is the largest independent natural gas producer in Russia. ALNG2 project comprises three LNG trains at 6.6 million tons per annum each.

11 Dec 2019

ABB Delivers for Icebreaking LNG Carrier Fleet

Photo: ABB

The final vessel in 15-ship series enters service for Yamal LNG project ahead of schedule.Yakov Gakkel, owned by joint venture between Teekay LNG Partners and China LNG Partners, joins a fleet of 15 specially designed tankers transporting liquefied natural gas (LNG) year-round from one of Russia’s most significant export developments in a generation, Yamal LNG.Built in less than six years and to ARC7 ice class, fifteen 170,000m3 capacity vessels have opened the Northern Sea Route…

09 Dec 2019

Bahri Looks to Make LNG Foray

© Mike Mareen / Adobe Stock

Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website, the national shipping carrier of Saudi Arabia has six business units dealing in oil…

03 Dec 2019

U.S. Blacklists Six Oil Tankers in New Venezuela-Related Sanctions

© Parilov / Adobe Stock

The Trump administration on Tuesday blacklisted six oil tankers involved in the shipment of Venezuelan oil to Cuba, the latest in a series of sanctions aimed at pressuring Havana to abandon its support for socialist Venezuelan President Nicolas Maduro.Six vessels belonging to state-run oil company Petróleos de Venezuela SA, or PDVSA, were targeted, according to a statement from the U.S. Treasury Department."Cuba and the former Maduro regime continue trying to circumvent sanctions by changing the names of vessels and facilitating the movement of oil from Venezuela to Cuba…

02 Dec 2019

Yamal LNG Reaches Bangladesh

Eduard Toll. Image: Teekay

Novatek has announced the delivery of liquefied natural gas (LNG) cargo from Russia’s Yamal LNG project to Bangladesh in accordance with the long-term offtake agreement with Total.The consignment was delivered along the westbound route via the Suez Canal with transshipment from the ice class Arc7 LNG tanker “Eduard Toll” to a conventional type LNG tanker at the Belgian terminal located at Zeebrugge. The LNG cargo was unloaded at the Summit LNG Terminal in Bangladesh in accordance…

02 Dec 2019

Yamal LNG Exceeds Nameplate Capacity

Image: NOVATEK

Yamal LNG, a liquefied natural gas plant located in Sabetta at the north-east of the Yamal Peninsula, Russia, announced that since the beginning of 2019, the LNG plant produced more than 16.5 million tons of LNG.The Project exceeded its annual nameplate production capacity during the first eleven months of the year, when all three LNG trains were in operation, as the third LNG train was launched at the end of 2018.Yamal LNG has reached 25 million tons of LNG shipped since the start-up of Train 1 in December 2017…

21 Nov 2019

FESCO Adds New Container Ship

Image: FESCO Transportation Group

FESCO Transportation Group, the largest intermodal transport operator in Russia, announced that a new container ship of ice class  ESCO Moneron has recently joined the fleet.The national flag of the Russian Federation was raised on the ship on 21 November 2019.Container ship with a capacity of 822 TEU will be operated on FESCO Magadan cabotage service (FML), that already includes FESCO Magadan sister ship, purchased last year, and FESCO Posyet universal bulk carrier.FESCO Moneron…

20 Nov 2019

Boskalis Wins Contracts for $120Mln

Pic: Royal Boskalis Westminster N.V.

Royal Boskalis Westminster N.V. has secured multiple heavy marine transport services contracts with a combined value of about $120 million.The execution of the majority of projects is scheduled to take place in 2021 and 2022.Following last year’s transportation of a sizable box-shaped FPSO, Boskalis secured a contract to transport a similar FPSO from China to Brazil.With a weight exceeding 91,000 tons this marks another record-breaking transport for the BOKA Vanguard, which is…

20 Nov 2019

Liebherr MHC 100 Up in Spain

Image: Liebherr

Swiss multinational equipment manufacturer Liebherr has delivered its 100th mobile harbour crane to be sold in Spain, an LHM 600 for shipping company Maritima del Principado.The ceremony took place in Gijón, Spain. The new machine is an LHM 600 and belongs to Generation 5, the latest technical development stage in the Liebherr Mobile Harbour Crane program.Spain is now the third country in the world, alongside Russia and India, with a fleet of 100 or more Liebherr mobile harbour cranes.The history of the Liebherr mobile harbour crane in Spain started more than 27 years ago.

18 Nov 2019

Russia Returns Ukraine Naval Ships before Summit

Russia on Monday handed back three naval ships it captured last year to Ukraine, something Kiev wanted to happen before a four-way peace summit on eastern Ukraine next month in Paris.The handover, confirmed by the two countries' foreign ministries, occurred in the Black Sea off the coast of Crimea, which Russia annexed from Ukraine in 2014.Russia seized the ships in the same area in November last year after opening fire on them and wounding several sailors. Moscow said the ships - two small Ukrainian armoured artillery vessels and a tug boat - had illegally entered its territorial waters. Kiev denied that.Russia returned the sailors…

17 Nov 2019

Poland Ends Major Russian LNG Contract

Pic: Gazprom

Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied natural gas (LNG) supplies when the agreement expires after 2022.In accordance with the provisions of the Yamal Contract, three years prior to its original termination date, i.e. by December 31st, 2019, the parties are required to submit a declaration whether or not they intend to continue their contractual relationship beyond 2022.Gazprom Export, the gas-exporting arm of state-controlled Gazprom…

15 Nov 2019

Sovcomflot Profits Up on Stronger Tanker Market

Pic: PAO Sovcomflot

Russia's state-owned tanker carrier Sovcomflot (SCF Group) reported improvements on both the top and bottom line in the third quarter benefiting from a stronger tanker market.The energy shipping company posted a net profit of  $26m as revenue increased in the third quarter.Sergey Frank, Chairman of the Board of Directors of PAO Sovcomflot, said: “We are satisfied with the Group’s performance over the third quarter. Sovcomflot steadily follows through on its strategy of increasing the share of large-scale industrial shipping projects in its portfolio."He added: "During the reporting period…

14 Nov 2019

DHL Intros Fastest China-Germany Intermodal

Pic © Deutsche Post DHL Group

DHL Global Forwarding, the ocean freight specialist of Deutsche Post DHL Group, is introducing the fastest rail freight connection between China and Germany in response to growing demand for rail freight services between Europe and Asia.The new rail service, operating between Xi’an in China and Hamburg and Neuss in Germany, has been set up in cooperation with Xi’an International Inland Port Investment & Development Group Co. Ltd. and is cutting transit time from 17 days to between…

14 Nov 2019

USCG PSC Equals meaningful Polar Presence

An emperor penguin poses for a photo in front of the Coast Guard Cutter Polar Star in McMurdo Sound near Antarctica on Wednesday, Jan. 10, 2018. The crew of the Seattle-based Polar Star is on its way to Antarctica in support of Operation Deep Freeze 2018, the U.S. military’s contribution to the National Science Foundation-managed U.S. Antarctic Program. U.S. Coast Guard photo by Chief Petty Officer Nick Ameen.

The Coast Guard needs a ship that can do more than just break ice; it needs a multi-mission ship to provide for the nation’s security, asserting its sovereign rights, and protecting its long-term economic interests. That ship is the Polar Security Cutter.Since Russia cashed the check in 1867 for the purchase of Alaska the U.S. has been an Arctic nation. Today, it is one of eight countries that have territorial land or seas above the Arctic Circle or in the polar region (six of those countries have Arctic Ocean coastline or an exclusive economic zone above the Arctic Circle). The U.S.

13 Nov 2019

China to invest billions in Brazilian Port

China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.Speaking on condition of anonymity, the sources said the announcement will be made at the summit of leaders of Brazil, Russia, India, China and South Africa, the so-called BRICS group of emerging nations, who are meeting in the Brazilian capital for a two-day summit.The deal will be part of the largest foreign direct investment into Brazil this year, one of the sources said, without revealing any figures.Economy Minister Paulo Guedes said on Wednesday that Brazil is seeking closer integration with China…

10 Nov 2019

Iran Finds New Oil Field of 53bln Barrels

Hassan Rouhani. Photo: Official website of the President of the Islamic Republic of Iran

Iran has discovered a new oil field in the country’s south with an estimated 50 billion barrels of crude oil in the oil-rich Khuzestan province, its president Hassan Rouhani said.However, the US  sanctions against Iranian oil could make it difficult for the oil to find its way to international markets.Rouhani made the announcement in a speech in the desert city of Yazd. Some 53 billion barrels would be added to Iran’s proven reserves of roughly 150 billion, he said.He said the oilfield is located in the southwestern province of Khuzestan in a land stretching 2…

08 Nov 2019

U.S. Scoops up Overseas Fuel Oil in pre-IMO Push

file Image / AdobeStock / © mikes jc

The United States is taking advantage of record-low prices of one of the world's dirtiest fuels by buying record volumes, which it intends to upgrade into cleaner products before new shipping rules take effect, trading and analyst sources say.U.S. trade sources said it recently had become economical to ship fuel oil from countries such as Russia, boosting imports of the product into the United States.This comes even as prices for high-sulphur fuel oil (HSFO) on the U.S. Gulf Coast…

06 Nov 2019

GasLog Sees Tighter LNG Shipping Market

Pic: GasLog

GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher utilization of the global fleet.These underlying trends in the LNG commodity and shipping markets point towards a structurally tighter market through 2020 and into 2021.As of October 28, 2019, the LNG fleet and orderbook (excluding floating storage and regasification units (FSRUs) and vessels with capacity below 100…

31 Oct 2019

Russia Presses for Northern Sea Route

Mikhail Belkin, State Policy Director, Rosatom; Dr. Torsten Sevecke, Under-Secretary in the Ministry of Economics, Transport and Innovation; Ekaterina Demicheva, Director of Development Rusatom Greenway; Ingo Egloff, Joint CEO of Port of Hamburg Marketing, and Alexander Neklyudov, CEO, Rusatom Cargo. Photo: © HHM

Russia is advocating expansion of ports and shipping along the Northern Sea Route (NSR).The  existing excellent contacts between Port of Hamburg Marketing and Russian ports as well as the Hamburg maritime industry’s second most important trading partner in seaborne freight traffic provided the occasion for an expert session on the use of the Northern Sea Route – NSR - and development of transit freight traffic between Europe and Asia.At a meeting in Hamburg, members of a delegation…

30 Oct 2019

Denmark OKs Nord Stream 2 Project

Connecting pipe sections above water. Photo:  © Nord Stream 2 / Axel Schmidt.

Denmark has granted permission for the Russian Nord Stream 2 natural gas pipeline to be constructed across Danish seabed in the Baltic Sea, leading to Germany.The Danish decision puts greater pressure on U.S. Congress to quickly pass a sanctions bill to halt the project before it is completed.The pipeline being constructed under the Baltic Sea by Russia's Gazprom energy giant is nearly complete, but had not previously been granted permission to cross Denmark's exclusive economic…

30 Oct 2019

Poland's PGNiG to Charter LNG Tankers

file Image: QGTC

Poland's state-run gas firm PGNiG has started the tender process to charter liquefied natural gas (LNG) tankers for its new imports of the super-chilled fuel, a senior company official said on Wednesday.The company currently imports most of the gas it sells to its customers from Russia's Gazprom, but Warsaw has taken steps to reduce that reliance so that it does not have to extend a long-term deal on gas supplies after 2022, when it is scheduled to expire.It has bought more LNG from Qatar and the United States and has signed import deals with companies including U.S.

29 Oct 2019

Orca-1 is Largest Gas Discovery of the Year

Image: Kosmos Energy

On 28 October 2019 oil giant BP announced a major gas discovery, Orca-1, exploration well in the BirAllah area off the coast of Mauritania.“The deepest and largest discovery so far this year, Rystad Energy estimates Orca-1 holds around 1.3 billion barrels of oil equivalent (boe) of recoverable resources,” says Palzor Shenga, a senior analyst on Rystad Energy’s upstream team.Offshore continues to dominate exploration in 2019, both in terms of the number of discoveries and the volume of resources unearthed.

25 Oct 2019

Duisburg to Open New Trimodal Terminal

Pic: Duisburger Hafen AG (duisport)

The largest trimodal  container terminal in the European hinterland is being developed in the Port of Duisburg.Duisburger Hafen AG (duisport) is set to build a US$111.2mln  new 220,000 m² trimodal container terminal on the site of its current coal island in response to a sharp decline in coal handling as a result of the energy transformation.The trimodal terminal is to be developed with duisport’s intermodal partners COSCO Shipping Logistics, Hupac SA and HTS Group and aims to…

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