Russian oil pipeline monopoly Transneft has received orders from Kazakhstan for 2024 to deliver oil through the Druzhba pipeline, the firm’s deputy head Sergei Andronov told the TASS state news agency on Monday. Andronov did not disclose volumes, TASS added. He also said that Transneft has not revised its oil pumping plans for this year, despite Russia’s extension of its voluntary production cuts. The company also plans to increase oil shipments from the Pacific port of Kozmino in 2023, compared to last year, Andronov said, without disclosing details. Source: Reuters ...

Vietnam’s rice exports in Aug rose 39.5% from July to 921,443 metric tons, government customs data released on Monday showed. For the first eight months of this year, rice shipments from Vietnam rose 21.4% from a year earlier to 5.8 million tons, the Customs Department said in a report. Source: Reuters (Reporting by Phuong Nguyen)

Iranian Ambassador to Russia Kazem Jalali has said that the development of Russia’s Solyanka Port will lead to boosting trade with Iran. Underling that the development of Russia’s Solyanka Port is a need for the promotion of trade between the Islamic Republic and Russia, Jalali called the purchase of a portion of stocks of Russia’s Solyanka Port “important and positive.” He pointed out that non-dredging of the Volga River is one of the main obstacles ahead of maritime transport and transit, Tasnim reported. Although the relations between Iran and Russia ...

In view of the maritime sector’s strengthened commitments to reduce GHG emissions to net-zero by 2050, the Lloyd’s Register (LR) Maritime Decarbonisation Hub’s “The Future of Maritime Fuels” report presents a review of a wide range of fuel mix projections and has identified two alternative paths that will steer shipping’s course – hydrogen-based fuels scenarios and biofuels scenarios. The report analyses the dynamics of the energy supply system within these scenarios, accounting for the expected supply as well as demands from other sectors for these fuels. In the hydrogen-based fuels ...

In Russia’s Pacific port, residents said they were anticipatinga visit by North Korean leader Kim Jong Un that the United States fears could lead to more weapons supplies for Russia’s military in Ukraine. Kim’s trip is still unconfirmed. It was first reported by the New York Times citing unidentified U.S. officials and South Korea’s intelligence agency said it was possible. But state media in both North Korea and Russia have been silent. The Kremlin said it had “nothing to say” on the matter, though President Vladimir Putin is due to ...

Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell on Monday as more selling interest emerged on the window, while spot bids were absent. The 0.5% VLSFO cash premium eased to $3 a metric ton, though October crack climbed from the previous session to a premium of $8.26 a barrel at 0830 GMT. Meanwhile, high sulphur fuel oil (HSFO) was little changed on thin trading. The 380-cst HSFO cash premium FO380-SIN-DIF was pegged at $11.89 a ton, while October crack FO380DUBCKMc1 eased to a discount of $9.54 a ...

The gain of 339,000 U.S. payroll jobs in May was a blockbuster number, nearly double what was normal before the pandemic and seeming confirmation that key parts of the economy motor along despite aggressive Federal Reserve interest rate increases. But details beneath the headline number may, if sustained, point to some of the first cracks in a labor market that has defied expectations through much of the recovery from the COVID-19 pandemic. The unemployment rate rose by what is a comparatively large three-tenths of a percentage point, from 3.4% to ...

AD Ports Group, the leading facilitator of global trade, logistics, and industry, has signed a 25 years agreement with Singapore based Crystal Offshore, a recognised one-stop Logistics Solution provider to the Marine & Offshore Industry. Under the agreement’s terms, a 20,000 square meter plot of land and an associated quay wall in Khalifa Port will be allocated for Crystal Offshore to construct a base, featuring office facilities and fabrication workshops to provide advanced repairs and refits to jack-up rigs as well as marine and offshore vessels. Saif Al Mazrouei, Chief ...

A suspension order issued recently by Mumbai-based Directorate General of Shipping of India’s office (DG Shipping) has badly affected the morale of Indian seafarers. DG Shipping is an arm of Indian Shipping Ministry. India’s leading maritime union, All India Seafarers & General Workers Union has condemned the DG Shipping order against Anglo-Eastern Ship Management India. The union’s general secretary and a maritime sector stalwart, Amar Singh Thakur said, “Without issuing any show-cause notice to Mumbai Anglo-Eastern Ship Management company, DG Shipping suspended the company’s license based on an old and ...

Unique hybrid system combines Yanmar engines with electrics and a controllable pitch propeller. The research vessel e-Work 2390 Survey has gone into service studying the seabed and fjords around Norway. She was handed over in March to the Geological Survey of Norway (NGU) in a ceremony in Trondheim where the NGU’s director May Britt Myhr threw sea water over her and christened her Geologen. The drivetrain is extremely interesting Gisle Johnsen is General Manager of Martec AS, Kewatec Aluboats Norwegian subsidiary. He explains, “The brief from the client was to ...

In a recent working meeting between Cyprus and India held during the Best Invest Congress in Limassol, Marina Hadjimanoli, Deputy Minister of Shipping, emphasised the invaluable asset that shipping represents for Cyprus, while praising the close relations between the two countries. During the meeting, Marina Hadjimanoli expressed her gratitude to Madhumita Hazarika Bhagat, the High Commissioner of India to Cyprus, for the invitation. She highlighted the exceptional opportunity this meeting provided for participants to stay updated on the latest developments in the business and investment sectors, engaging in meaningful exchanges ...

Container throughput during April 2023 grew at an annual rate of 13.34% from 601,429 TEUs to 681,663 TEUs as per monthly statistics released by the Saudi Ports Authority (Mawani). Container data for last month further showed a 16.97% surge in exported volumes at 208,738 TEUs compared to 178,450 TEUs in the previous year. Imports, on the other hand, inched up 3.12% to 208,080 TEUs from 201,784 TEUs this year with transshipments scoring 264,845 TEUs in monthly quantity, a 19.73% increase from 221,195 TEUs in April 2022. The national maritime regulator ...

Soft wheat exports from the European Union in the 2022/23 season that started last July reached 27.17 million tonnes by May 14, up 12% compared with 24.33 million a year earlier, data published by the European Commission showed on Tuesday. EU barley exports so far in 2022/23 totalled 5.80 million tonnes, down 14% from 6.73 million a year ago. In imports, EU maize imports were at 23.57 million tonnes, 65% higher than a year-earlier 14.26 million. Soft wheat imports were at 7.85 million tonnes, 249% above the year-earlier level, while ...

China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply, but the volume dropped from a record high set in March. The immediate outlook for demand is not strong, however. China, the world’s top coal producer, mined 362.8 million tonnes of the fuel last month, data from the National Bureau of Statistics showed on Monday, equivalent to 12.09 million tonnes per day. That compares with the record of 12.77 million ...

China’s crude steel output in April fell 3.2% from a month earlier and was down 1.5% from a year earlier, the statistics bureau said on Tuesday, as domestic steel mills cut their production amid a slump in margins. The world’s largest steel producer manufactured 92.64 million tonnes of the metal last month, data from the National Bureau of Statistics (NBS) showed. The April volume compares with 95.73 million tonnes produced in March and 92.78 million tonnes in the same month in 2022, according to NBS data. The average daily steel ...