• 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 October 15

18:23 MOL joins hands with partners to launch FOCUS project
17:59 Moscow to host a conference on construction of LNG-powered and LNG bunker ships on October 24
17:46 Algoma announces cancellation of Croatian newbuilds contracts
17:05 Klaveness Combination Carriers AS registered on NOTC
16:56 Tall ships arrive at Port of Ipswich as part of 'Race of the Classics'
16:37 Coast Guard ends search after plane crash victims bodies are located
16:20 Krasnoye Sormovo shipyard delivers 8,140 DWT Pola Fiva, fifth dry cargo carrier of Project RSD59
16:04 DNV GL leads consortium to update Carbon Trust Floating LiDAR Roadmap
15:34 East Mediterranean projects take steps towards adoption of alternative fuels
15:04 NYK approves Japan Climate Action Summit declaration
14:51 Wärtsilä LNG solutions featured on environmentally advanced cruise ship
14:35 Coast Guard sets port condition X-ray in Georgia, South Carolina
14:17 Andrey Shunin appointed as General Director of Caspian Energy Management
13:28 Cooperation for sustainable shipping in the Mediterranean
12:41 ACL christens its newest G4 vessel, the Atlantic Sun
12:13 Kongsberg Digital and KPMG launch new complete cybersecurity partnership for the maritime industry
11:55 Nevsky Shipyard took part in Offshore Marintec Russia
11:19 ABS leads industry discussion on digitization, safety and compliance
11:12 New shipping route links Gdansk and Scandinavia
10:51 Port of Gdansk considered as transport hub for Slovakia
10:29 Brent Crude futures price up 1.21% to $81.4, Light Sweet Crude – up 1.04% to $72.08
10:10 Tuco Marine Group to build a multipurpose first responder boat for Hovedstadens Beredskab I/S
09:53 Baltic Dry Index is up to 1,579 points
09:34 Gazprom and Shell discuss next steps in Baltic LNG project
09:15 Throughput of port Helsinki (Finland) in 9M'18 up 8.4% Y-o-Y to 11.38 million tonnes (table)
08:07 PIL terminates all calls to Iran due to US sanctions
07:06 ChainPORT hackathon held for the first time simultaneously in the ports of Antwerp and Los Angeles
06:16 Vinalines posts profit of US$900,000 in the first nine months of 2018

2018 October 14

09:19 CMA CGM announces FAK rates from Asia to North Africa
09:17 CMA CGM announces FAK rates from Asia to the Mediterranean
09:16 Port of Corpus Christi moves record tonnage in first nine months of 2018
09:12 Port of New Orleans receives Excellence Award for Master Plan

2018 October 13

09:06 OOCL fleet moves forward to meet IMO 2020 regulation
09:04 CMA CGM announces FAK rates from Asia to North Europe
08:56 Algoma announces cancellation of Croatian new build contracts
08:54 Panama Canal sets record annual cargo tonnage in fiscal year 2018

2018 October 12

18:07 Port of Antwerp on track for sixth record year
17:36 Strengthening of Kaliningrad seaway canal's embankment included in Russia’s territorial development strategy through 2025
17:08 Stena Bulk in partnership with Bay Crest Management for expansion in Asia
16:04 Groundbreaking ceremony marks start of work at DP World Berbera in Somaliland
15:52 LNG Croatia invited bids for import LNG terminal infrastructure
15:35 Azerbaijan Caspian Shipping Company continues expanding its operations in international waters
15:03 Maersk Line announces an increase in FAK rates from Far East to North Europe
14:47 Minister Berner: Finland strives to reduce emissions from shipping
14:03 CMA CGM to introduce new quarterly BAF for long term contracts from 1st of January 2019
13:44 LUKOIL commissions fifth well at Filanovsky field second stage
13:21 Ocean Network Express enters bilateral feeder network cooperation with Hapag - Lloyd
13:10 MOL consolidation service succeeds with trial of remote container tracking management device
12:28 Germany furthers support to WMU with Simulator Lab refurbishment
12:05 Yangzijiang Shipbuilding Group in China and Mitsui & Co., Ltd. to establish a shipbuilding joint venture
11:47 BPO pays a visit to the Port of Ust-Luga
11:26 Rosterminalugol exported 16 million tonnes of coal YTD
11:05 Grimaldi further boosts its freight services to Sardinia
10:54 Bunker prices continue going up at the Port of Saint-Petersburg, Russia (graph)
10:50 Port of Gothenburg starts construction of new terminal
10:30 Brent Crude futures price up 1.2% to $81.22, Light Sweet Crude – up 1.18% to $71.81
10:11 De Boer holds naming ceremony for Damen RSD WID Tug 2915 Hybrid Fregate and ASD Tug 2310 SD Papillon
10:09 Baltic Dry Index is down to 1,515 points
09:58 Damen signs for another three years as founding partner of the Nederlands Dans Theater
09:51 Fuel oil prices show no significant changes in the Far East ports of Russia (graph)