Activity in Russia's ports is on the rise, construction of ammonia and methanol ready ships is underway worldwide
- Activity in Russia's three largest container ports, St. Petersburg, Vladivostok, and Novorossiysk, is approaching the levels seen before 24 February 2022. In particular, arrivals at Russia's most important container port, St. Petersburg, had slumped by 90 percent in the meantime and then surged driven by increased containerization of cargo and direct deep-water services not involving the overloaded Eastern Polygon.
In the framework of the Eastern Economic Forum, Gazprom Neft and Rosatom signed an agreement on implementation of the Euroasian Container Transit (EACT) project. The document foresees interaction of the parties in studying the conditions of bunkering EACT ships with fuel of lower carbon footprint including liquefied natural gas (LNG).
Meanwhile, methanol and ammonia are being increasingly used as a marine fuel worldwide. Maersk and Equinor have recently signed an agreement securing supply of green methanol for Maersk’s container ship; Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on future fuel vessel applications with ammonia-fuelled engines; Korean Register has awarded an approval in principle (AiP) for an LNG dual-fuel VLGC; Lloyd’s Register (LR) has granted AiP for a 10,000cbm ammonia bunkering vessel; China Merchants Jinling Shipyard announced its plans to build four methanol-ready oil/chemical tankers; Capital Gas Ship Management Corp. announces the order for the world's first two 88,000 CBM very-large ammonia carriers; LR has granted AiP to an LPG Carrier design with ammonia dual-fuelled propulsion.
Read more in our digest “Bunker Market. Prices”.
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