SERVICES

Black Sea

Bulgarian shipping company Navibulgar to buy 4 ships for US$32m
ZIM and MSC introduce a new joint Black Sea service
Outlook for Vard Holdings remains dim

Outlook for Vard Holdings remains dim

Singapore - Vard has been diversifying away from the oil and gas sector to boost orderbook but OCBC Investment Research warns client restructuring remains a hassle. VARD Holdings has been hit hard by the downturn in oil prices

’Ndrangheta: nuclear waste trafficking

’Ndrangheta: nuclear waste trafficking

La Spezia - His contact was “an inspector from a nuclear power plant in Bulgaria”,the alleged plan was to import radioactive waste into Italy, with the complicity of organized crime; at the centre, Vittorio Petricciola, an accountant from La Spezia, who was arrested as part of an investigation

Bulgaria to revive Belene nuclear power

Bulgaria to revive Belene nuclear power

Sofia - Bulgaria wants private investors to help it restart the Belene nuclear power projectafter a court ruled Sofia must pay hefty compensation to Russia over equipment ordered for it, Prime Minister Boiko Borisov said on Friday

Vard confirms four contracts with Ponant

Vard confirms four contracts with Ponant

Singapore - Vard Holdings Limited,one of the major global designers and shipbuilders of offshore and specialized vessels, announces that contracts for four luxury expedition cruise vessels with French cruise company Ponant have been confirmed

Stealing a peek at Russian economic uptick / FOCUS

Stealing a peek at Russian economic uptick / FOCUS

Moscow - Prone to false starts since a crisis peaked last year,Russia’s economy is riding momentum that has it on the cusp of exiting the longest recession in two decades. As business sentiment perks up, leading indicators from demand for electricity to rail cargoes and container transport show the pulse of the economy

Iran, Russia, Azerbaijan vow to create NSTC

Iran, Russia, Azerbaijan vow to create NSTC

Moscow - The NSTC was a central theme in the summit of Putin, Rouhani and Aliyev. “Our talks will focus on a flagship project – the International North–South Transport Corridor with a total length of 7,200 kilometers,” Russian President Vladimir Putin quoted as saying by the media before leaving for Baku.

Foreign investments jarred by crackdown
GE powers Turkish Navy’s MILGEM Corvette

GE powers Turkish Navy’s MILGEM Corvette

Istanbul - GE’s Marine Solutions announced that the Turkish Navy’s third MILGEMmulti-purpose corvette “TCG Burgazada” was launched powered by a GE LM2500 gas turbine-based propulsion system. The launch ceremony was held in mid-June at the Istanbul Naval Shipyard;

Energy routes avoid major disruption from failed Turkey coup attempt
Turkey reopens key route for oil, grains transit after coup attempt
Turkey rounds up plot suspects / FOCUS

Turkey rounds up plot suspects / FOCUS

Istanbul - Turkish authorities rounded up nearly 3,000 suspected military plotters on Saturday and ordered thousands of judges detained after thwarting a coup by rebels using tanks and attack helicopters to try to topple President Tayyip Erdogan

An encouraging start to 2016 for Sovcomflot

An encouraging start to 2016 for Sovcomflot

Moscow - Sovcomflot (“SCF Group”)today announces its financial and operating results for the first quarter ended 31 March 2016. Gross revenue (freight and hire receivable) for the three months (Q1) ended 31 March 2016 declined by 4.2 per cent to USD 341.5 million (Q1 2015: USD 356.6 million)

Jailed businessman Nadir moved to Turkey

Jailed businessman Nadir moved to Turkey

Istanbul - Turkish Cypriot businessman Asil Nadir,who was jailed in Britain for stealing millions from his business empire, has been transferred to a prison in Turkey. Nadir was flown from London to Istanbul on Thursday evening after British authorities accepted his request to serve the rest of his sentence in Turkey.

Cruiseships for Fincantieri’s crisis-ridden Vard

Cruiseships for Fincantieri’s crisis-ridden Vard

Fort Lauderdale - During Seatrade, the most important show in the cruise ship sector (held this year in Fort Lauderdale because Miami’s fairgrounds are being renovated), Fincantieri announced that its subsidiary, Vard, signed a letter of intent for the construction of four luxury cruise ships with the French shipowner Ponant

Rickmers carries largest Siemens gas turbine

Rickmers carries largest Siemens gas turbine

Bremerhaven - A special loading operation has taken place in Bremerhaven,involving Rickmers-Linie’s “Rickmers Hamburg”, a 485-tonne Siemens gas turbine, a 465-tonne Siemens generator and German project freight forwarder Bertling

Black Sea container traffic drops 12,1% in 2015

Black Sea container traffic drops 12,1% in 2015

Istanbul - The Black Sea container terminals of Ukraine,Romania, Russia, Georgia and Bulgaria handled 2,294,848 TEU in 2015. In terms of full containers, 1,628,797 TEU, the five countries suffered a total drop of 12.18% compared to the same period last year

Ruscon container traffic grows

Ruscon container traffic grows

Novorossiysk - Ruscon, one of the leading multimodal transport companies in Russia, has shown strong growth in 2015 despite a significant fall in the country’s overall container traffic. The company reported a 32% increase in export traffic, compared with the Russian total of a mere 1.6% rise in exported containers

New tax breaks on bunker at 3 Romanian ports

New tax breaks on bunker at 3 Romanian ports

Constanta - Sources say that the Romanian ports of Constanta, Midia, and Mangalia are offering a reduced tax rate on bunker deliveries to shipowners that engage shipping agents, Platts reports. Previously, a flat rate of €200 ($222.1) per delivery is said to have been charged to shipowners employing agents at the ports

Sanmar celebrates 40 years

Sanmar celebrates 40 years

Istanbul - Tugboat builder and operator Sanmar Denizcilik is celebratingits 40th Anniversary this year. More than 150 tugboats benefiting from its wealth of experience are presently in operation on international seas, the company says. It was in the year 1976 that Orhan Gürün incorporated Sanmar Denizcilik

Romania reopens Black Sea ports as weather improves
Turkish operator fined $1m in Baltimore

Turkish operator fined $1m in Baltimore

Istanbul - Turkish shipmanagement companyCiner Gemi Acente Isletnii Sanayi Ve Ticaret has been fined $1m after pleading guilty in a Baltimore Court to violating the Act to Prevent Pollution from Ships, according to a US Department of Justice statement

SMM Istanbul will not take place in 2016

SMM Istanbul will not take place in 2016

Istanbul - The tense political situation in the region and the changing Turkish shipbuilding market have created a sense of uncertainty among international exhibitors, leading to a general reluctance to register for the SMM Istanbul conference and exhibition

Russian ships force Turkish vessel to change course in Black Sea
Gazprom says halts gas supplies to Ukraine

Gazprom says halts gas supplies to Ukraine

Moscow - Russia’s Gazprom said on Wednesday it was halting gas supplies to Ukraineuntil it makes a prepayment for supplies. Gazprom said that by 10 a.m. (0700 GMT) on Wednesday Ukraine had received all gas it had paid for

Turkish wage hike plan sets alarm bells

Turkish wage hike plan sets alarm bells

Istanbul - When Turkey’s government increases the minimum wage by around 30%in January it will make good on an election promise to millions of workers currently struggling to make ends meet. But it also risks setting itself on a collision course with domestic employers and international investors

Russia looks to projects with Arab world / FOCUS

Russia looks to projects with Arab world / FOCUS

Moscow - Russia hopes that financing and technology from Arab states and other countries will help its firms weather the fallout from Western sanctions imposed over the Ukraine crisis, Russia’s Minister of Natural Resources, Sergei Donskoi, said. U.S. and EU sanctions have hit Russian individuals and companies

UN aviation arm: no deal on Black Sea corridor

UN aviation arm: no deal on Black Sea corridor

New York -The United Nations aviation agency said there has been progress in its talks with Ukraine and Russia toward allowing air traffic to resume in international airspace over the Black Sea and the Sea of Azov, and that work was continuing to find a solution

Russia considers restrictions vs. Ukraine’s airlines
Azerbaijan eyeing more dry cargo ships in Black Sea
Vard secures $7.3 million shipbuilding contract

Vard secures $7.3 million shipbuilding contract

Trieste - Shipbuilder Vard Holdings has won a 60 million-Norwegian krone ($7.3 million) contract to construct a coastal fishing vessel for Norway-based Breivik. The vessel is slated for delivery from Vard Braila in Romania in the third quarter of next year, securing work for the yard in all stages of production

Romania in Fincantieri’s Game of Risk

Romania in Fincantieri’s Game of Risk

Trieste - At the ceremonial cutting of the first sheet metal for the “Silver Muse”at Sestri Ponente, Fincantieri’s C.E.O. Giuseppe Bono mentioned that the workload acquired by Fincantieri over the last few months will make it necessary to subcontract some work out to shipyards outside of Italy

Cruise ship smashed into tanker / VIDEO

Cruise ship smashed into tanker / VIDEO

Gallipoli - The tanker “STI Pimlico” was severely damaged in a collision with the “Celestyal Crystal” on June 27, 2015. The cruise ship collided with the product tanker at 01.25 a.m. at the northern entrance of Dardanelles Strait in front of Gallipoli lighthouse passing the strait in North-South direction

Lukerg Renew is dissolved

Lukerg Renew is dissolved

Genoa - The two shareholders of Lukerg Renew, the joint venture between ERG Renew and Lukoil created in 2011 to invest in the wind-power sector in Bulgaria and Romania, have decided to dissolve the joint venture and consequently divide its assets, “at the end of three years of strong growth.”

Maersk Line: “The market is in difficulty, slow steaming is the only solution”
Turkey orders its first aicraft carrier

Turkey orders its first aicraft carrier

Istanbul - Turkey has unveiled ambitious plans to designand build a huge advanced warship, capable of carrying 1,000 personnel. A Turkish company and the government signed an agreement to build the 231-meter-long vessel on the sidelines of the IDEF 2015 defense-sector fair on Thursday in Istanbul

Ceva Logistics to sell Sittam to Pir

Ceva Logistics to sell Sittam to Pir

Milan - Ceva Logistics has reached agreement with Petrolifera Italo Rumena a subsidiary of Gruppo PIR, for the sale of Spedizioni Internazionali Trasporti Terrestri Aerei e Marittimi S.r.l. (Sittam), an international groupage business based in Cornaredo (Milan).

Bulgaria seeks to redraw EU pipeline map away from Russia
New ECDIS system for Caspian fleet

New ECDIS system for Caspian fleet

Baku - PC Maritime and its Estonian trading partner Marine Technics won a contract to supply Navmaster ECDIS system to 28 Azerbaijan Caspian Shipping Company (Acsc) vessels

Liberian Registry opens Istanbul regional office

Liberian Registry opens Istanbul regional office

Istanbul - The Liberian Registryhas established a regional office in Istanbul, Turkey, as part of the continued expansion of its global presence in major centres of international shipping and trade. Erhan Esinduy (pictured)has been appointed Regional Representative.

Bulgaria’s Port Varna to invest 3,3 million Euros

Bulgaria’s Port Varna to invest 3,3 million Euros

Varna - The business plan of Port Varna EAD for 2015 envisages investments of around 3,3 million Euros, according to CEO Petar Seferov. Seferov, informs that the money will be spent on new equipment and facilities, depending on the anticipated cargo

NATO naval drills start in Black Sea after one-day delay
Bring back Nabucco pipeline, Bulgaria says

Bring back Nabucco pipeline, Bulgaria says

Sofia - Bulgaria wants the European Commission to revive plans for the Nabucco pipeline that would pump gas from the Caspian Sea, after a Russian project seen as a rival was scrapped, Prime Minister Boiko Borisov said on Wednesday.

Russia to consider discount on gas for Ukraine

Russia to consider discount on gas for Ukraine

Moscow - Russia is ready to consider providing Ukraine with a discount for gas supplies within their existing contract starting from the second quarter, Russian Energy Minister Alexander Novak told on Tuesday. Russia and Ukraine have been engaged in talks

Ukraine’s economy is starting to disintegrate
Gazprom to exempt Ukraine rebel-held areas

Gazprom to exempt Ukraine rebel-held areas

Moscow - Kremlin-controlled Gazprom said on Thursday it would exempt gas supplies to rebel-held regions from its main contract with Ukrainian Naftogaz, days before Kiev uses up gas volumes it has already paid for. The dispute flared up last week .

Ukraine currency in limbo after trade’s ban
Five more Ukrainian soldiers killed in east - Kiev military
China to repay $14 million debt to Crimea

China to repay $14 million debt to Crimea

Sevastopol - China will pay Crimea the balance $14 million for the purchaseof Zubr-class air-cushioned landing craft from Crimea’s Feodosia Shipbuilding Company and Fiolent plant instead of Ukraine. In 2009, China had signed a contract worth $315 million for purchase of landing craft from Ukraine