• 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 May 20

09:21 Hapag-Lloyd announces FAK rates from North Europe to Caribbean, Central America and South America West Coast
09:19 EU Ambassadors visit Peru’s largest multipurpose terminal
09:16 SEA\LNG bolsters its knowledge base with the addition of MAN Diesel & Turbo
09:13 Finnlines starts new direct service between Helsinki and Aarhus
09:11 Canadian Coast Guard selects ABS for fleetwide contract

2018 May 19

10:56 CMA CGM announces FAK rates from Asia to North Africa
10:01 CMA CGM announces PSS from Nigeria to India and Vietnam
07:50 Port of Kiel welcomes “Saga Sapphire” maiden visit
07:47 The “GRANDE HALIFAX” christened in Halifax

2018 May 18

18:00 Denis Manturov appointed as the Minister of Industry and Trade of the Russian Federation
17:44 Port of Hamburg posts Q1 2018 results
17:39 Yevgeny Ditrikh appointed as the Minister of Transport of the Russian Federation (photo)
17:38 Seaspan accepts delivery of third 10000 TEU SAVER containership in four ship series
17:35 Prosafe extends standstill agreement with Cosco
17:17 Okskaya Sudoverf delivered Belmax 1, first non-self-propelled tank barge of Project ROB20
16:51 Special event on ports at IMO Headquarters will focus on single window, ports and logistics
16:35 Port of Hamburg receives ‘Best Global Seaport’ award
16:05 IMO begins scoping exercise on autonomous vessels
15:42 Brand-new jetty at Rotterdam LBC Tank Terminals ready for vessels
15:40 HELCOM group meets in Riga to discuss nutrients from land-based sources
15:39 Multimillion pound investment continues in Grangemouth, Scotland's premier port
15:38 India benefits from IMO training on port emissions
15:11 Nevsky Shipyard starts sea trials of medium sea tanker of project 23130 (photo)
14:44 Star Marine takes delivery of RAstar 3400 quartet
13:53 Ladozhsky Bridge in the Leningrad Region drawn twice to let PORT FLEET’s tugboats through
13:47 Eniram signs MoU with Arista Shipping to participate in Project Forward for developing new generation of bulk carriers
13:29 Statoil ASA changes name to Equinor ASA
13:00 Cargo turnover at inland water ways of Azov-Don Basin down 12.7% to 606,000 tonnes
12:42 ABS to provide class and certification services for the entire Canadian Coast Guard fleet
11:57 Astrakhan branch of Zvyozdochka shipyard launches rescue towboat for RF Defence Ministry (photo)
11:35 Huntington Ingalls authenticates keel of submarine Montana (SSN 794)
11:18 Akademik Lomonosov FPU arrives in the Kola Bay (photo)
11:03 UAE signs MoU with ITF
10:32 Throughput of port Kaliningrad in 4M’18 up 10% Y-o-Y to 4.71 million tonnes
10:30 Scorpio Tankers announces sale and leaseback agreements for five product tankers
10:13 Brent Crude futures price up 0.30% to $79.54, Light Sweet Crude – up 0.21% to $71.64
09:56 ZNT Yard launched the lead hydrographic survey vessel and lays down two more HSVs (photo)
09:17 Baltic Dry Index fell to 1,305 points

2018 May 17

18:05 Technava and Propulsion Analytics join forces for providing management solutions to the shipping industry in Greece and Cyprus
17:54 Throughput of port Taganrog in Jan-Apr'18 up 39.8% to 1.46 million tonnes
17:35 EUROGATE chosen as “Best Green Container Terminal Operator 2018”
17:19 Throughput of port Vyborg in 4M’18 up 22% Y-o-Y to 417,000 tonnes
17:05 Costa Group and Marseille Fos Port announce partnership
16:48 Throughput of Rostov-on-Don port in 4M’18 up 29% Y-o-Y to 5.5 0 million tonnes
16:35 Yang Ming wins Best Shipping Line – Intra-Asia Award
16:20 Throughput of port Primorsk in 4M’18 down 19% Y-o-Y to 18.10 million tonnes
16:05 ESPO congratulates seven Wadden Sea ports for obtaining EcoPorts environmental performance standard
15:37 Small-Mid Scale LNG Summit to provide industry solutions
15:34 Rimorchiatori Laziali takes delivery of two vessels from Sanmar
15:31 Konecranes Gottwald Mobile Harbor Crane for Nigerian river port
15:16 Maritime2020 to prepare shipping professionals for IMO Regulations
14:52 Throughput of port Vysotsk in 4M’18 is flat Y-o-Y at 6.19 million tonnes
14:49 Rolls-Royce and Finferries sign cooperation agreement to optimise ship safety and efficiency
14:28 Throughput of port Ust-Luga in 4M’18 is flat Y-o-Y at 32.59 million tonnes
14:05 NSW Ports introduces Australia's First Environmental Incentive for Shipping Lines
13:49 Lithuania and Poland to cooperate in defining the future transport budget of the European Union
13:04 CMA CGM announces GRR from Asia to East Africa
12:57 Autonomous maritime ecosystem to be created by 2025 under One Sea project
12:26 The port of Saint-Petersburg handled 19.31 million tonnes of cargo in 4M’18, up 16% Y-o-Y
12:04 Maersk Line recognized as the Best Global Shipping Line