Search results for: route

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  • 8 August 2017
    Business & Finance

    The growth of liquefied natural gas (LNG) carriers over the past decade has been synonymous with the growth in global LNG import and export capacity. However, in recent years the increase in LNG cargoes hitting the market has led to an oversupply problem, causing a significant decline in LNG spot prices, according to Westwood Global Energy Group. […]

  • 23 July 2014
    Business & Finance

    OAO NK Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014, the company informed.   The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil. The objective of the said studies is collection of data on marine fauna in Rosneft License Areas with a […]

  • 18 May 2020
    Regulation & policy

    The UK government has signed agreements with six operators to provide up to £35 million to help ensure there is enough freight capacity to prevent disruption to the flow of goods.

  • 5 February 2015
    Business & Finance

    Danish ferry operator Scandlines has sold its Helsingør-Helsingborg route including the five Ro-Pax vessels operating the line to the London-based global asset management company First State Investments, effective retroactively as of January 1, 2015.  Both parties have agreed not to disclose any financial details of the agreement. Scandlines has used part of the proceeds to repay EUR […]

  • 30 July 2014
    Business & Finance

    The Northeastern passage on the Russian side and Northwestern passage along Canada will open in August, making the route fully accessible to commercial shipping traffic approximately one month earlier than last year, Global Ice Center at Weathernews Inc. said in its 2014 predictions for ice concentration in the Artic Sea.   Use of the Northern […]

  • 19 December 2016
    Business & Finance

    Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a group of 50 multinational retailers and manufacturers who monitor their contract freight rates. The Drewry Benchmarking Club Contract Rate Index, based on average Transpacific and Asia-Europe contract […]

  • 12 July 2017
    Business & Finance

    Russia’s largest shipping company SCF Group (Sovcomflot) has urged the Russian government to continue with its plan to improve navigational safety measures on the Northern Sea Route (NSR). The company also called for a ban on substandard ships and crews sailing in the environmentally sensitive region. The topic was discussed at the meeting between Dmitry Medvedev, Prime […]

  • 14 June 2012

      Based on the preferences of dry-bulk carriers struggling on the market to offer the fastest services to their clients, navigating through the Arctic waters by taking the Northern Sea Route has become ever more prominent over the recent period. Namely, shipping companies have found their way through a route that runs along the Russian […]

  • 6 January 2016

    Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry’s Benchmarking Club. The Drewry Benchmarking Club Contract Rate Index, based on Trans Pacific and Asia-Europe contract freight rate data provided confidentially by shippers, declined by 5% between August and […]

  • 2 October 2019

    Russia’s largest independent natural gas producer Novatek shipped 15 LNG cargos from its Yamal project to the Asian Pacific markets directly via the Northern Sea Route (NSR) during the third quarter of 2019.

  • 23 January 2018

    The Northern Sea Route handled a record volume of 9.7 million tons of cargo in 2017.

  • 26 August 2011

    The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk…  (barentsobserver) [mappress] Source: barentsobserver, August 26, 2011;

  • 2 March 2018

    Puting forecasts that the cargo traffic along the Northern Sea Route will increase tenfold by 2025.

  • 30 March 2017
    Business & Finance

    Commercial shipping in the Arctic will undoubtedly continue to grow strongly, according to Evgeny Ambrosov, Senior Executive Vice-President of Russian shipping company Sovcomflot. The growth is expected to be driven by the development of industrial and raw material projects in the Arctic zone of Russia, Ambrosov explains. “In 2016, the record tonnage carried through the waters […]

  • 22 August 2008

    The maxi-catamaran Gitana 13 has been sailing in southern latitudes since last night. After a fifth and rather unproductive day at sea, Lionel Lemonchois and his nine crew crossed the equator shortly before midnight (UTC). This passage into the southern hemisphere, combined with the establishing of the SE’ly tradewinds marks a new start in the […]

  • 14 July 2017

    Russia’s largest shipping company Sovcomflot has called for the Russian government to improve navigational safety measures on the Northern Sea Route (NSR).

  • 28 November 2016
    Business & Finance

    Swedish ferry operator Stena Line plans to upgrade its services in Central Europe and Scandinavia by implementing a more frequent ferry timetable and introducing an additional ship due to the rapidly increasing demand for the ferry transport.  The company intends to focus on Northern Baltic Sea region development, aiming at strengthening its market position in […]

  • 17 June 2019

    Danish shipping major Maersk is in negotiations with Atomflot to use the Northern Sea Route (NSR) for sending goods. 

  • 30 January 2012
    Business & Finance

    The world’s biggest container gantries are the core of the future EUROGATE Container Terminal Wilhelmshaven, Germany’s only deepwater container terminal. Four out of the eight container cranes altogether that will go into operation at the first two berths in August 2012 have set sail from Shanghai on a special transporter vessel headed for the German […]

  • 2 March 2018
    Business & Finance, Equipment, Project & Tenders

    Greenlink Project, a HVDC interconnector between the Republic of Ireland and the United Kingdom, has invited bidders for route investigation survey services. Earlier this year, Element Power submitted an application to the Department of Housing, Planning and Local Government for a foreshore licence to carry out the first marine surveys for the Greenlink interconnector. The call […]

  • 18 May 2012
    Business & Finance

    Three recently completed 21 metre Austal wind farm support vessels are heading to Europe, where they will shortly commence operations for UK operator Turbine Transfers. The Wind Express 21 catamarans will be used to transport service crews and equipment to the many offshore wind farms that are located off the coastlines of several European countries. […]

  • 14 July 2014

    The Gazprom Board of Directors approved the company’s policy on export routes diversification and additional measures aimed at increasing the reliability of gas supplies to European markets. “With a view to improve the reliability of supplies the company carries out projects for building new export gas pipelines which mitigate transit risks. The Yamal – Europe […]