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Russia News

22 May 2024

While Maritime Risks Soar, Total Losses Plummet in '23 - Report

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It was only 30 years ago when maritime lost approximately 200 large vessels per year. Despite the mounting risks to shipping globally, its safe to say that safety measures and technology put in place in the interim have paid off, as in 2023 the industry saw 26 large ships lost -- down from 41 a year earlier and the lowest total ever, according to the Allianz Commercial Safety and Shipping Review 2024.While the ship loss numbers continue to fall, the industry still has a significant…

26 Apr 2024

French Carrier Joins NATO Drills as Russian Threat Looms

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As Russia's war in the Ukraine drags on now into its third year, NATO today launched one of its biggest naval deployments since February 2022, with French aircraft carrier the Charles de Gaulle under the command of the alliance for the first time.The French nuclear-powered carrier began its mission in the Mediterranean Sea, close to its home port of Toulon. Placing the Charles de Gaulle under NATO operational control for the first time is highly symbolic, not least because the…

29 Jan 2024

Russian Oil Facilities Hit by Drone Attacks, Fires

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Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.Russia and Ukraine have targeted each other's energy infrastructure in strikes designed to disrupt supply lines and logistics and to demoralise their opponent as they try to get the edge in a nearly two-year-old war that shows no sign of ending.Following are recent major incidents at Russian oil facilities in the past month:* A Russian appointed official said on Jan.

29 Jan 2024

Russia Eases Harsh Weather Restrictions to Boost Oil Exports

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Russian ports are operating during more severe storms and easing restrictions for non ice-class vessels during winter, traders said and regulations showed, in an attempt to boost exports following disruptions from Western sanctions and harsh weather.Following the European Union oil embargo, Russia has to rely mostly on seaborne loadings, rather than westbound pipeline supplies via the Druzhba pipeline.Traders and analysts said the easing of restrictions carried technical and ecological risks, but could help Russia's revenues that are heavily reliant on oil.Russian pipeline monopoly Transneft,

12 Dec 2023

Palmali Aims to Expand Shipping Ops in the Black Sea

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Istanbul-based tanker operator Palmali has become the top shipper for Ukraine's Black Sea-borne sunflower oil exports, one of the country's key export products, and plans to expand further, its chairman Mubariz Mansimov said.Azeri-born Mansimov said Palmali was the most active operator in the increasingly dangerous Black Sea, and plans to expand its presence in Ukraine by placing an order for 10 more cargo carriers and starting trading operations early next year. Since pulling out of the U.N.-brokered deal that guaranteed safe shipment of Ukrainian food products in July…

08 Nov 2023

US Working with Allies Over Sanctions on Russian Arctic LNG Project

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The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine. The Office of Foreign Assets Control, part of the Treasury Department, also issued a general license that authorizes the wind down of transactions involving Arctic LNG-2, through Jan.

08 Nov 2023

Putin Approves Transfer of State-owned Shares in Shipping Company to Rosatom

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President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov, who was convicted last year on organized crime and embezzlement charges and is serving a 19-year jail sentence following one of the highest-profile prosecutions of a Russian tycoon in years.Magamedov says the charges are unfounded and is appealing his conviction.

24 Oct 2023

Russia Strikes Deal with DP World to Develop Arctic Sea Route

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Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai's DP World to develop container shipping through the Arctic as part of an initiative heavily promoted by President Vladimir Putin.The deal with one of the world's top port operators is the most tangible sign yet of Moscow's ability to attract big international partners to help it realise its ambitious plans for what it calls the Northern Sea Route.Putin has talked up prospects for the Arctic corridor…

18 Oct 2023

Russia's Western Sea Port Oil Exports Seen Falling as Refinery Runs Rise

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Russia's oil exports via its western sea ports in November may fall by some 300,000 barrels per day (bpd) after ample supplies in September-October as domestic refineries are expected to raise runs as seasonal maintenance ends, three sources familiar with the plans said.Urals, Siberian light and KEBCO crude oil exports from Primorsk, Ust-luga and Novorossiisk ports are set to decline by some 300,000 bpd from October to slightly above 2 million bpd, according to the sources familiar…

06 Oct 2023

Turkish Ship Hits Mine in Black Sea, Sustains Minor Damage

A Turkish-flagged general cargo ship hit a mine on Thursday in the Black Sea off the coast of Romania and sustained minor damage but the crew was safe, maritime and security sources said.British maritime security company Ambrey, citing information it received, said the ship struck a sea mine 11 nautical miles north of Sulina in Romania, near the entrance to the Sulina Canal."The vessel reportedly experienced an explosion at approximately 0920 UTC (GMT). The vessel dropped anchor for a short period to assess the damage," Ambrey said in a note."At 1210, the vessel resumed sailing," Ambrey said adding that no casualties were reported.It was one of the first incidents for some months involving a ship hitting a sea mine.

04 Oct 2023

Russia Says IMO Losing Impartiality

Source: IMO

The U.N. shipping agency is departing from its impartial role due to "external pressure" and is being used in the interests of "a minor group of beneficiaries", which is impacting the fair treatment of all member countries, Russia said in a submission to the global shipping regulator published this week.The London-based International Maritime Organization (IMO) is responsible for regulating the safety and security of international shipping and preventing pollution and comprises 175 member state countries.In December…

05 Oct 2023

Britain Says Russia May Target Civilian Shipping with Mines in Black Sea

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Russia may use sea mines to target civilian shipping in the Black Sea, including by laying them on the approach to Ukrainian ports, the British government said on Wednesday citing intelligence.Russia pulled out of a deal in July that had allowed Ukraine to safely ship food products out through what is traditionally its main export corridor.Ukraine responded by setting up a temporary "humanitarian corridor" for cargo vessels, and several ships have left Ukraine's Black Sea ports…

05 Sep 2023

Russia's Seaborne Diesel Exports on the Rise

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Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3.1 million metric tons versus 2.458 million metric tons in July, Refinitiv Eikon data and Reuters calculations showed.After the full EU embargo on Russian oil products took effect on Feb. 5, Turkey remains the main destination for Russian diesel and gasoil seaborne exports…

23 Aug 2023

Gazprom's First LNG Cargo via Arctic Destined for China's Jingtang

A liquefied natural gas (LNG) cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.The Velikiy Novgorod tanker was loaded at the Portovaya LNG plant on the Baltic Sea on Aug. 14, according to the data.As of Wednesday, it was moving in the Kara Sea in the Arctic with the data showing an estimated arrival at Jingtang on Sept. 12.Earlier this month, Russia also shipped a rare naphtha cargo via the North Sea route, according to traders and Refinitiv data.(Reuters - Reporting by Oksana Kobzeva; writing by Vladimir Soldatkin; editing by Jason Neely)

21 Aug 2023

Russia Ships Naphtha to China via North Sea Route

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Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37,000 tonnes of naphtha onboard, loaded at Ust-Luga port on August 5, 2023, for delivery to China. It is the first such loading since at least the late 2000s, according to two traders.The supplier of the cargo was Gazprom Neft, the traders said.

16 Aug 2023

Ukraine says Russian Drones Threatened Danube Port

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Ukraine's air force on Wednesday said a large group of Russian army drones entered the mouth of the Danube River and headed toward the Izmail river port near the border with Romania.Social media groups reported hearing air defence systems firing in the area near two Danube ports - Izmail and Reni.The governor of southern Odesa region, Oleh Kiper, asked residents of Izmail district to take shelter at around 1:30 a.m. (2230 GMT) and cancelled the air raid alert one hour later.Ukraine's…

24 Jul 2023

Russia Attacks Danube Grain Export Route

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Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after quitting the Black Sea grain deal.Last week's attacks mostly struck the sea ports of Odesa but Monday's pre-dawn strikes hit infrastructure along the Danube, an export route whose importance has grown since the demise of the deal allowing Ukrainian grain shipments via the Black Sea."The Russian terrorists have again attacked the Odesa region overnight.

31 Jul 2023

Pakistan's Import of Russian Crude Facing Obstacles

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Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The cash-strapped South Asian nation became Russia's latest customer snapping up discounted crude that has been banned from European markets due to Russia's war on Ukraine. Its first cargo arrived in June and a second is now under negotiation.It is targeting 100…

17 Jul 2023

Why Does the Black Sea Grain Deal's Expiry Matter?

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A deal allowing Ukraine to export grain via the Black Sea will expire at the end of Monday after Russia said it will suspend its participation.The deal, brokered by the United Nations and Turkey last July, aimed to alleviate a global food crisis by allowing Ukrainian grain blocked by the Russia-Ukraine conflict to be exported safely.WHY IS IT IMPORTANT?Ukraine is a major producer of grains and oilseeds and the interruption to its exports at the outbreak of war pushed global food prices to record highs.

03 Aug 2023

Russian Seaborne Oil Exports Plummet 16% in July

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Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cuts for August, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.An even more important factor for the crude tanker market is how EU regulations have reshaped crude trades. China, India, and Türkiye have replaced EU countries as the main buyers of Russian crude oil…

17 Jul 2023

Russia Refuses to Renew Black Sea Grain Deal; Says No Guarantees for Ships

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Russia refused on Monday to extend the agreement that has enabled Ukraine to export grain from its Black Sea ports for the past year, complaining that promises to free up its own shipments of food and fertilisers had not been kept.Russia's Foreign Ministry said it had notified Ukraine, Turkey and the United Nations that "without Russia's participation, the 'Black Sea Initiative' ceases to function from July 18".This meant the withdrawal of safety guarantees for shipping, the ending…

25 Jul 2023

Russia's Danube Attacks Tighten Noose on Ukraine's Grain Sector

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Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv's exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning the Black Sea shipping deal.Last week, air strikes caused tens of millions of dollars of damage to the grain sector in Odesa region, and Monday's strikes on infrastructure along the Danube brought back memories of the export gridlock that followed Russia's February 2022 invasion."Without the Danube, the export (situation) becomes critical.

08 Aug 2023

After Attacking Ukraine Wheat Exports, Russia Faces Own Shipping Challenge

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Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.President Vladimir Putin promised to replace Ukrainian grain with Russian shipments to Africa after Moscow in July ended an arrangement that gave Ukraine's food cargo safe passage in the Black Sea, imposing a de-facto blockade on its neighbour and attacking storage facilities…