2019 June 14
Crimean ports break the loss record
Crimean Sea Ports have broken the loss record from 2014. The revenues have decreased due to launching of the Crimea Bridge, lack of cargo at the ports and leasing out of Kerch ferry service which could ensure additional RUB 300-400 million of revenues per year if used by the company. The Ministry of Transport of Crimea has developed a plan on ‘financial recovery’ of seaports revealing no details though.
2019 June 13
SPIEF-2019 outcomes for marine industry
St. Petersburg International Economic Forum 2019 proved to be replete with news in shipping and stevedoring spheres. Most of agreements relate to the Arctic and Baltic basins which is no wonder given the fast pace of Arctic fields development and deficit of dry bulk transshipment facilities.
2019 June 5
Master of financial seas
Fitch has recently upgraded the rating of Russian shipping company Sovcomflot (SCF) to 'BB+' with Stable Outlook. The upgrade reflects SCF's improved business profile due to an expansion in industrial business.
2019 May 30
Port of Novorossiysk: Black Sea flagship
For almost two centuries, the port of Novorossiysk has been a personification of national maritime industry’s power. On the day of 180th anniversary of Novorossiysk port’s Harbour Master Service, head of Black Sea Ports Administration Vladimir Yerygin answered the questions of IAA PortNews.
2019 May 23
‘Platon’ comes to Neptune
RF Government has approved the rules for collecting port investment dues at seaports of the Russian Federation. RF Ministry of Transport expects the new dues to cover the deficit of port infrastructure financing estimated at RUB 7-8 billion per year.
2019 May 20
Unfreezing the plans
The draft plan for the development of the Northern Sea Route infrastructure till 2035 foresees the establishment of a unified container shipping operator and a national dredging company, construction of three nuclear-powered icebreakers of the Leader series and a refinery in the Murmansk Region as well as other measures. The Northern Sea Route is to become an all-year-round sea way. The plan can also include the requirement on using LNG as a marine fuel.
2019 May 14
Yury Kostin: “We should protect both the state rights and the business interests”
Yury Kostin, Director of the State Policy Department for Maritime and River Transport of the Russian Transport Ministry, tells IAA PortNews about legislative changes related to stevedoring and shipping activities.
2019 May 8
Peotr Savchuk: “Numerous opportunities of the global ocean are not being used in full”
Extensive plans of Russia’s fishery industry include the construction of new fishing, research and cargo ships as well as catching of new products and research of the global ocean opportunities. Peotr Savchuk, deputy head of Rosrybolovstvo (Russian Federal Fisheries Agency) tell about it in his interview with IAA PortNews.
2019 May 6
Containerization is underway
Black Sea ports demonstrated a positive dynamics of container turnover in 2018. Novorossiysk slowed down its growth rates after a breakthrough of 2017 but continues containerization of more cargoes ensuring a higher flexibility for cargo owners and shippers. When speaking at the XV International Transport Forum YugTrans 2019, Aleksey Garmash, General Director of Novomorsnab LLC, told about the key trends in this segment.
2019 April 28
End of river shipping?
The long-running dispute between inland shipping community and Russian Railways (RZD) over discounts during river navigation periods has entered a new phase. Oleg Belozerov believes the industry should decide on whether the country needs this “inefficient fleet”, with no guideline at hand for acceptable balance between the modes.
2019 June 7
Russia's VTB says considering buying grain terminal at Taman port
Russia’s second largest lender VTB is considering buying a stake in Russia’s Taman port grain terminal...Russia's VTB says considering buying grain terminal at Taman port
Russia’s Sovcomflot Says Arctic Sailings Will Become Routine
The head of Russian shipping giant Sovcomflot expects sailings along the country’s Siberian coast to become routine as the ice melts and operators look to save time and fuel for Europe-bound cargo...Russia’s Sovcomflot Says Arctic Sailings Will Become Routine
Maersk Unveils Huge Cold Store in Russia
Leading shipping company Maersk has commenced the construction of a new cold store facility in St. Petersburg, ensuring that it is able to address the needs of the high-demand Russian market...Maersk Unveils Huge Cold Store in Russia
2019 May 31
Russia Unveils New Nuclear Powered Ice Breaker to Force Open Warming Arctic
Russia's state nuclear agancy has unveiled its latest nuclear powered icebreaker, designed to crack through weakened, thawing sea ice and get at those sweet, sweet natural resources...Russia Unveils New Nuclear Powered Ice Breaker to Force Open Warming Arctic
Helsinki shipyard says new Russian owners will help secure new orders
Russian-owned Arctech Helsinki shipyard in Finland is getting new owners which the company hopes will help it secure new orders...Helsinki shipyard says new Russian owners will help secure new orders
Russia launches new nuclear icebreaker in bid for Arctic dominance
Russia launched a nuclear icebreaker on Saturday as part of an ambitious program to renew and expand its fleet of ice-class vessels in order to tap the Arctic’s commercial potential...Russia launches new nuclear icebreaker in bid for Arctic dominance