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Black Sea

Turkey boasts vessel exports

Turkey boasts vessel exports

Istanbul - Data compiled from the Transport and Infrastructure Ministry reveal that Turkey has taken significant, eye-catching steps in maritime transport, a strategic sector for global trade. One of the important initiatives was the revival of maritime transport with the removal of excise duty

New LNG-hybrid vessels for Seaspan Ferries

New LNG-hybrid vessels for Seaspan Ferries

Mangalia - Canadian transport provider Seaspan Ferries will be adding two new liquid natural gas (LNG) – battery hybrid ferries to its fleet in 2021. The 149-meter-long vessels will be constructed by Damen Shipyards Gorinchem at their Mangalia Shipyard in Romania, with construction scheduled to begin in 2019

Damen-De Beers pact, focus on Mangalia

Damen-De Beers pact, focus on Mangalia

Mangalia - On 15 May 2019,Damen Shipyards Group and De Beers Marine Namibia participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel. In February 2019, De Beers Marine Namibia awarded a contract to Damen to build a new crawler diamond recovery vessel

“Nothing wrong giving Russian passports to East Ukraine residents”
Ukraine enters uncharted new era / FOCUS

Ukraine enters uncharted new era / FOCUS

Kiev - Ukraine entered uncharted political waters on Monday after near final results showed a comedian with no political experience and few detailed policies had dramatically up-ended the status quo and won the country’s presidential election by a landslide

EU urges new Ukraine leader to push reforms
NCSP Group up 5%

NCSP Group up 5%

Novorossiysk - The aggregate throughput of the stevedoring companies incorporated in Novorossiysk Commercial Sea Port Group made 23.4 mn tons during January-February 2019 growing 4.9% year-on-year. Novorossiysk-based assets of the group handled over 14.1 mn tons

Kerch Strait: 3 Russian shipyards sanctioned

Kerch Strait: 3 Russian shipyards sanctioned

Kerch - Canada, the United States and the EU have imposed new sanctions on Russian entities in response to the Kerch Strait incident, including three shipyards. The sanctions are a response to the encounter between Russian border forces and three Ukrainian Navy vessels at Kerch Strait in November

Russia will build 7 ships and 4 submarines

Russia will build 7 ships and 4 submarines

Moscow - Russia will build a total of seven ships and four submarines for its Navy in 2019, minister of Defense Sergei Shoigú said Tuesday: “The naval construction program … foresees in 2019 the construction of four submarines – three nuclear and one diesel-electric – and the repair of seven warships and auxiliary ships”

ICTSI expands Georgia terminal

ICTSI expands Georgia terminal

Manila - Global port management company International Container Terminal Services has inaugurated the expansion of its Batumi International Container Terminal (BICT) in Georgia

Disappointing factory activity threatens global growth
At least 10 dead as fire rages on Black Sea ships
Ten crew members dead after two ships catch fire near Crimea
Moscow extends arrest for Ukrainian seamen

Moscow extends arrest for Ukrainian seamen

Kiev - A Moscow court has extended the detention of eight Ukrainian seamen whowere among 24 captured by Russian coast guards in the Black Sea. Three Ukrainian vessels and their crews were fired at and seized by the Russians in November

Two dead as coal ship in distress off Turkey

Two dead as coal ship in distress off Turkey

Istanbul - Two people died and another four were missing on Monday after a ship carrying coal sent a distress signal off the northern coast of Turkey, the coast guard and the local governor’s office said. The Panama-flagged vessel, which departed from Russia’s Azov port, sent out a distress signal

Sovcomflot to add three more LNG fuelled vessels

Sovcomflot to add three more LNG fuelled vessels

Moscow - Sovcomflot, a pioneer in adopting LNG as the primary fuel for large-capacity oil tankers, placed an order with Russia’s Zvezda shipbuilding complex in late December for three product carriers of 51,000 dwt each that will also use LNG as their main fuel

New opportunities in Ukraine for power plants

New opportunities in Ukraine for power plants

Kiev - On 10 December 2018, the Ukrainian President signed Law No. 2628-VIII dated 23 November 2018 “On Amendment to the Tax Code and Certain Other Legal Acts of Ukraine in Relation to Improvement of Management and Revision of Certain Taxes” (the “Law”)

Poroshenko announces end of 30-day martial law

Poroshenko announces end of 30-day martial law

Moscow - Ukraine’s leader has announced an end to the 30-day martial law imposed after Russia seized Ukrainian ships in the Black Sea. Ukraine announced martial law last month after Russian coast guards fired at and seized three Ukrainian ships and their crews

Glogos with Cooperative for Salt Harvester

Glogos with Cooperative for Salt Harvester

Constanta - In cooperation with Breakbulk Transportation,Glogos LLC delivered a super-heavyweight salt harvester from Kansas via Port of Houston to the Port of Constanta. To begin the job, Glogos took the 286 T cargo and separated it into 49 pieces

“EU will extend Russia sanctions in December”

“EU will extend Russia sanctions in December”

Buenos Aires - The European Union will extend its existing economic sanctions on Russia next month, a top official with the bloc said on Friday after Moscow’s action against Ukraine’s navy in the Sea of Azov. European Council President Donald Tusk will chair a summit of EU leaders on Dec. 13-14

Ukraine says martial law not affecting Azov Sea grain exports

Ukraine says martial law not affecting Azov Sea grain exports

Kiev - The imposition of martial law is not affecting Ukrainian grain shipments from ports on the Azov Sea so far and if necessary they can be diverted to the Black Sea, Ukraine’s acting agriculture minister says. More broadly, the prospects for grain exports from the Azov Sea are unclear at this point

Russia’s 1st cruise liner ready for tests in 2019

Russia’s 1st cruise liner ready for tests in 2019

Astrakhan - An ocean cruise liner under construction at the Russian Lotus Shipyard in Astrakhan will be ready for water trials next year. Russia hasn’t built vessels of such class for more than 60 years. The keel of the PV300 cruise ship with a capacity of 300 passengers was laid down at the shipyard in August 2016

Abramovich and partner to buy TransContainer stake from VTB
China’s Expo attracts 1,000 firms from Belt and Road countries
Crew of Iranian cargo ship poisoned, 3 dead

Crew of Iranian cargo ship poisoned, 3 dead

Baku - Three seamen have died from an unspecified toxic substance that poisonedall 11 crew members of an Iranian cargo ship on the Caspian Sea. According to the report, the crew of the vessel, “Nazmehr”, was transferred to a hospital in Baku

Zvezda to build LNG Aframax duo for SCF

Zvezda to build LNG Aframax duo for SCF

Moscow - Russian shipyard Zvezda Shipbuilding Complex is to build the country’s first LNG-fuelled tankers under an order from Sovcomflot for two Aframax newbuilds. The 114,000dwt ships will feature dual-fuel propulsion using LNG as the primary fuel

Russia, Iran, and 3 others agree Caspian status
Yilport closest to landing the port of Taranto

Yilport closest to landing the port of Taranto

Taranto - The port of Taranto and the container terminal have their eyes set on Turkey’s Yilport Holding AS. On Tuesday, the Port System Authority of the Ionian Sea, whose president is Sergio Prete, acknowledging the “preliminary positive evaluation by the Permanent Internal Commission”

Putin gives Russian army a political wing

Putin gives Russian army a political wing

Moscow - Vladimir Putin has created a new directorate inside the Russian army to promote patriotism, evoking memories of a Soviet practice that once saw soldiers taught the precepts of Marxism and Leninism by political commissars

EU slaps sanctions on six Russian groups over Crimea bridge
Damen assumes control at Mangalia shipyard

Damen assumes control at Mangalia shipyard

Mangalia - To signify its first day of operations at Damen Shipyards Mangalia in Romania, Damen held a modest ceremony at the yard on Monday, July 23rd. The celebrations mark Damen’s successful completion of the transaction with Daewoo Shipbuilding Marine Engineering (DSME) for the Mangalia shipyard

Georgia, Hong Kong sign free trade deal

Georgia, Hong Kong sign free trade deal

Tbilisi - Hong Kong and Georgia have signed a free trade agreement (FTA) which will provide legal certainty and boost market access and investment flow between the two countries. Georgia will eliminate import tariffs on 96.6% of its tariff lines for Hong Kong products

Putin would be ready to host G7 in Moscow

Putin would be ready to host G7 in Moscow

Qingdao - Russia did not choose to leave the G7 and would be happy to host its members in Moscow, President Vladimir Putin said on Sunday when asked about U.S. President Donald Trump’s suggestion that Russia should have been at its latest meeting

Moody’s slashes Turkish growth forecast to 2.5 percent
New orders for Crimean shipyards

New orders for Crimean shipyards

Yalta - RF Government is set to develop a plan for filling the order backlog of Crimean shipbuilding and ship repairing yards up to 2030 within a couple of months, says Dmitry Rogozin, Deputy Prime Minister of the Russian Federation

Romania’s seaports cargo traffic down 0.2 pct in 2017
Rail shortages are hitting Ukraine’s grain expansion

Rail shortages are hitting Ukraine’s grain expansion

Kiev - Ukraine’s grain industry is thriving, but its expansion is being hobbled by an aging railway. The entire rail network is operated by state-run Ukrzaliznytsya, hauling about two-thirds of all grains that go from farmers’ fields to the the country’s ports in the Black Sea area

Turkey earns nearly $400M from roads, bridges

Turkey earns nearly $400M from roads, bridges

Ankara - Turkey earned 1.46 billion Turkish liras ($387 million)in tolls from two bridges on the Istanbul Strait as well as toll roads in 2017, according to data released Wednesday by the state Highways Directorate. The July 15 Martyrs’ Bridge and the Fatih Sultan Mehmet Bridge, together yielded around 362.32 million liras

Vard records improved results in 3Q

Vard records improved results in 3Q

Singapore - Vard Holdings Limited,one of the major global designers and shipbuilders of specialized vessels, announced its financial results for the third quarter and nine months ended 30 September 2017. VARD recorded a revenue of NOK 2.01 billion in 3Q 2017, up 33%

Damen acquires Daewoo’s shares in Mangalia
Bulgaria, Romania plan new Danube bridge

Bulgaria, Romania plan new Danube bridge

Sofia - Balkan neighbours Bulgaria and Romania aim to build a second bridge overthe Danube, connecting Bulgaria’s Ruse and Romania’s Giorgiu in an attempt to improve infrastructure connectivity in the region and attract more foreign investment

Turkey’s enemy of interest rates targets banks
At least 18 dead as Russian bus falls into sea

At least 18 dead as Russian bus falls into sea

Moscow - Russian authorities say at least 18 people are dead after a bus packedwith construction workers fell into the sea in a southern region near Crimea. The federal Investigative Committee said the accident occurred at about 8 a.m. on August 25 as the bus was carrying workers after a shift building a pier

ASRV keel laying at Damen Galati

ASRV keel laying at Damen Galati

Galati - Construction of the DAMEN Antarctic Supply Research Vessel (ASRV) has taken an important step forward with an official keel laying ceremony, the company said. Following the long-established maritime tradition of placing a coin under the vessel’s keel, the ceremony was carried out by Nick Gales

Russia-Indonesia trade turnover up 14% in 2017
Russian Eurobonds: foreign investors took 85%
Russia sees no big surge in arms sales

Russia sees no big surge in arms sales

Paris - The Russian weapons industry remains competitive on a global scale despite Western sanctions, but the cyclical nature of the business and budget constraints are dampening prospects for a big surge in global arms sales, Russia’s top arms trade official said on Tuesday

Turkish shipbuilding sees continued growth
Tanker Bospor arrested for seamen smuggling

Tanker Bospor arrested for seamen smuggling

Odessa - Moldova-flagged tanker “Bospor” was arrested in Odessa Port,Ukraine, on June 8. According to official statement, during years 2015-2017 vessel was engaged in smuggling of some 100 Ukrainian seamen from Ukraine to Crimea Peninsula

Swiss interest in hi-tech cooperation with Russia

Swiss interest in hi-tech cooperation with Russia

Moscow - Swiss business looks forward to cooperating with Russia in hi-tech industries such as pharmaceuticals, civil aviation and shipbuilding, Yves Morath, the head of Swiss Business Hub Russia, an official entity of the Embassy of Switzerland which promotes implementation of Swiss export strategies