• 2018 February 9 12:54

    Klaipėdos Nafta increases cargo turnover at the outset of the year

    Last year, KN, the oil and liquefied natural gas (LNG) terminal operator, achieved high income and profitability indicators, and is not losing momentum this year as well. In January, the company reloaded 776 thousand tonnes of oil products, a growth of 24.2% compared with the load of January 2017, says KN.

    Despite a complex and dynamic situation on the market, KN January load results showed a clear growth direction.

    The increase in KN cargo turnover was influenced by the main client AB “Orlen Lietuva” as well as by transit cargo exporters.  It should be noted that in early 2017 the load was lower because of a significant decrease in oil product flows from Belarusian oil refineries plants.

     “KN terminals maintain high professional and quality standards, which are the key competitive tool. We put effort to ensure the best use of the oil products load capacities. These efforts and a more favourable geopolitical situation determined the growth of transit Belarusian cargoes in the second half the of the last year. The production volume and the load paces of our main client AB “Orlen Lietuva” have also had a positive impact on January results”, says Mindaugas Jusius, CEO of KN, when discussing the results.

    According to him, a positive impact of diversified cargo sources is observed as well. The new infrastructure, the operation of which was launched in the second half of 2017, as well as the developed possibilities of the existing infrastructure have enabled the company to accept a wider range of cargoes.

    “Timely technological as well as commercial decisions allow offering more attractive conditions on the market. This enhances our competitiveness in respect of other nearest terminals in the Baltic countries and helps maintain good results,” Mr. Jusius notes.

    The increased load of oil products in January resulted in higher revenues: Subačius and Klaipėda oil terminals generated EUR 4.2 million in preliminary revenues, whereas in 2017, this indicator reached EUR 2.8 million.

    In January 2018, KN LNG terminal supplied 253 thousand MWh to the natural gas system, whereas in January 2017, a total of 785 thousand MWh was regasified and reloaded.

    The amount of the natural gas regasified and supplied to the transmission system decreased. It was influenced by a lower consumption of natural gas in the state-governed energy sector, which also depended on a relatively higher temperature in January.  In addition, no reloading of LNG took place in January this year, whereas in January 2017, it amounted to 166 thousand MWh.
    The preliminary data says that the LNG terminal earned EUR 5.3 million in revenues, when the same period of the last year ended with EUR 7.8 million.  The revenues of the LNG terminal consist of one twelfth of the fixed part of the regasification price for annual consumption capacities, which is approved by the National Commission for Energy Control and Prices for 2018, and the variable part of the regasification price for the amount of the regasified gas.




2018 February 20

18:37 Time is running out to register for the Moscow conference on dangerous goods, March 1st
18:31 Russian association of fishery businesses call to revise a 'fishing quotas per a keel' terms
18:06 AVANZA completes a successful trial with Daikin Reefer
17:38 The Maritime CIO Forume Cyprus 2018 to be held in Limassol, March 27
17:03 DNV GL issues over 50,000 electronic certificates
16:55 RIMS secured a further class approval from Korean Register of Shipping for the use of drones during surveys
16:39 Taganrog Commercial Sea Port spent $156 000 on environment protection in 2017
16:34 Wärtsilä and Maersk Drilling create a joint 25-year strategy for thruster services to increase uptime and reduce costs
16:04 Post-Brexit port health border disruption still a major concern for British ports
15:34 Goltens teams up with Yara Marine on SOx scrubbers
15:21 Taganrog Sea Commercial Port earmarked $74,4 to support social programmes in 2017
15:04 US Navy awards concept design contract to Fincantieri to evolve FREMM into FFG(X)
14:32 Port of Marseille Fos traffic up 8% in 2017
14:02 The largest vessel enters Busan Port since its opening
13:32 Carnival Fascination resumes year-round service from San Juan
13:20 Port of Kavkaz sees a 50% spike in freight volumes, to 1.98 million tonnes
13:09 Rosterminalugol coal exports reach 150-millionth tonne milestone
13:02 Partners start financing waste-to-chemistry project in Rotterdam
12:35 First foundation for the offshore wind farm Kriegers Flak installed in Denmark
12:18 Bunker fuel prices in the Far East ports remain firm
12:07 United Shipbuilding Corp: the floating co-generation plant Akademik Lomonosov is 96% complete
11:32 Rotterdam port diminishes the sale of bunker oil to 9.9 million m3 in 2017
11:27 APM Terminals Itajaí to double monthly volume
10:44 Crude oil futures price slides 0.29% to $65,48 in London, in New York gains 1.17% to $62,27
10:36 Sevastopol to host 6th Business Forum SIMBF 2018, June 6-7
09:49 Russian M100 product spot price gains last week to RUB 5,594/mt
09:30 Baltic Dry Index gains to 1087 points

2018 February 19

18:52 Russia’s Glavgosexpertiza gives nod to new phases of ZVEZDA Shipyard construction
18:05 Maersk Line increases FAK rates from Europe to West Coast South America, Caribbean and Middle America
17:05 Hapag-Lloyd introduces Asia – Middle East – New Asia Red Sea Service (AR1)
16:05 Maersk Line increases Reefer FAK rates from North Europe to Far East Asia
15:49 Iskes Towage & Salvage adds two more Damen ASD Tugs 2810 to its fleet
15:25 Maersk Line increases DRY rates from Russia to Far East Asia
15:02 The Russian Register of Seaports updates Port of Tuapse details
14:53 Nevsky Shipyard prepares the Akademik Pashin to test underway replenishment capabilities
14:26 Xeneta increases its data coverage by 161% in 2017
13:49 Rosmorport’s icebreakers assist shipping in the Gulf of Finland, escorted 17 vessels
13:12 GasLog reports financial results for 2017
12:01 GoodBulk announces delivery of Capesize vessel
11:46 Port of Mariupol freight volumes soar 32.3% to 455,860 tonnes
11:08 APL expands Eagle GO. Guaranteed service to 29 Asian port origins
10:48 NOVATEK inks cooperation MoU with Saudi Aramco
10:34 Crude oil futures price grows by 0.85% to $65,39 in London, in New York - by 1.25% to $62,45
09:08 Baltic Dry Index edges down 0.46% to 1084 points

2018 February 18

09:24 Hapag-Lloyd increases rates from Finland, Russia, Baltic States, Sweden, UK to East Asia (incl. Japan)
09:21 Preparing to define the Baltic Sea’s significant marine areas
09:19 Prime Minister Shri Narendra Modi inaugurates the Fourth Container Terminal of JNPT in Mumbai
09:14 Holland America Line to launch New EXC In-Depth Voyages

2018 February 16

18:06 CMA CGM announces FAK rates from the Indian Subcontinent to North Europe and the Mediterranean
17:54 Future Outlook Forum will take place on 20 March as part of Intermodal Asia 2018
17:36 Global Container Terminals orders 10 more Konecranes RTGs for its terminals in British Columbia
17:09 University of Kent partnership helps the Port of Dover cut queues and boost efficiency
17:06 Port of Oakland reports 2.1 percent increase in export volume in January 2017
16:58 Container throughput of port Hong Kong (China) up 9.2% to 1.81 million TEUs in January 2018
16:35 Royal Vopak expands Vopak tank terminal (JTT) in the Port of Jakarta - Indonesia
16:05 DP World signs agreement with government of Jammu and Kashmir at World Government Summit
15:53 Murmansk Sea Fishing Port handled 11,600 t of fish in January 2018, up 26.1% Y-o-Y (photo)
15:26 Cargo traffic through NSR in 2017 grew by 36% Y-o-Y to 9.9 mln t
15:25 PPR 5 agrees on the outline of IMO draft guidelines for implementation of the 2020 sulphur limit
15:01 NOVATEK to invest USD 1.5 billion in construction of LNG terminal at Kamchatka