Tag: Russian
Russian Missile Damages Odesa Port and Docked Bulker
Reports from Ukraine confirm that a Russian missile strike hit the port city of Odesa, causing damage to both the port and a ship that was loading cargo. While no deaths have been reported at the port, four civilians in the city of Odesa were injured during the attack. Oleh Kiper, the governor of the…
Russian ‘Spy Whale’ Hvaldimir Found Dead In Norwegian Waters
The beluga whale known as “Hvaldimir,” who gained international attention due to suspicions of being trained by Russia for espionage, was recently found dead near the Norwegian coast. The non-profit organization Marine Mind, which had been closely monitoring the whale, confirmed the discovery of its body near the town of Risavika in southern Norway. The…
Russian missile frigate Admiral Gorshkov arrives in Algeria on business call – Military and Defense
The multipurpose missile frigate Admiral Gorshkov has made a business call at the port of Oran in Algeria, the press office of Russia’s Northern Fleet reported on Friday. “Today a Northern Fleet naval group led by the frigate Admiral of the Fleet of the Soviet Union Gorshkov accomplishing long-distance deployment missions has made a business…
Russia’s first Pacific LPG terminal to open next year with financing from China
In a significant shift eastward in its energy strategy, Russia is set to open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast, with joint investments from China, by the end of 2025. During Russian President Vladimir Putin’s recent visit to Beijing, the Russian Direct Investment Fund (RDIF) finalized a deal with…
Russian diesel oil exports in September hit the lowest level of the year
In the last week of September, there is some optimism in the VLCC crude oil freight market after a difficult summer season. It should be noted, however, that while there are positive signs, growth rates in tonne days aren’t yet robust. The real test is ahead as we move into October, with supply figures already…
Tankers: Diesel Trade Landscape Changed After Surge in Russian Diesel Imports
The diesel trade in ton-miles demand is a totally different “animal”, after Brazil has significantly increased Russian diesel imports. In its latest weekly report, shipbroker Intermodal said that “the diesel import landscape in Brazil has undergone a significant transformation with a surge in Russian diesel imports, impacting the energy and shipping sectors. Diesel prices in…
Russian crude oil exports to India in August at lowest level since beginning of the year
The first week of September brings a downward movement in crude oil freight rates and a continued downward trend in VLCC tonne days demand growth. MEG -Rates for China have now fallen to their lowest levels since the beginning of this year, but there is still guarded optimism for a rebound in the third quarter…
Tankers: Russian Crude Oil Exports via the Northern Sea Route Are Expected to Increase in the Future
Russia’s crude oil export routes are in a state of constant flux, as the exporter is shifting volumes to other clients/countries, China being one of the main ones. As such, the importance of alternative and more cost-effective routes is increasing. In its latest weekly report, shipbroker Gibson said that “voyages through the Northern Sea Route…
Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further
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. An even more important factor for the crude tanker market…
