• 2018 March 7 17:07

    Cargo handling at KN terminals in 2M’18 increased by 21.5% Y-o-Y

    In February, Klaipėda and Subačius terminals of KN (AB Klaipėdos nafta), the oil and liquefied natural gas (LNG) terminal operator, reloaded 18.4% more cargo than in the last year’s February, and, as of the beginning of the year, the cargo turnover increased by 21.5%, says press release of KN.

    In February this year, Klaipėdos Nafta terminal and Subačius Fuel Base, where state fuel reserve is stored, reloaded 664 thousand tonnes of oil products, i.e. a growth of 18.4% compared with the same month last year with a total of 561 thousand of tonnes of cargo.

    As of the beginning of the year, a total of 1.44 million tonnes of oil products was reloaded. That is 21.5% more than the last year’s results, when nearly 1.2 million tonnes were reloaded over two months.
    It should be noted that in early 2017 the cargo turnover was lower because of a significant decrease in oil product flows from Belarusian oil processing plants.

    “At the beginning of the last year, the company’s operations were affected by extremely unfavourable external factors. This year, operations of Belarusian factories are stable, therefore, over these two months, we have been observing a consistent growth in the cargo turnover and positive tendencies, related to increased flows of heavy fuel oil,” sumps up KN CEO Mindaugas Jusius.

    The increased load of oil products resulted in higher revenues: Subačius and Klaipėda oil terminals generated EUR 7.8 million in preliminary revenues in January and February, whereas in 2017, this indicator reached EUR 5.4 million. The company’s total preliminary revenues of these two months reach EUR 19.8 million, a growth of 7% compared with the same months last year.

    According to Mindaugas Jusius, although, on an overall basis, the first two months of this year were successful, the uncertainty in the global market of oil products and fierce competition with terminals of other Baltic states and Ukraine make the goal to maintain high profitability of the terminal this year’s challenge.

    In February 2018, KN LNG terminal regasified and supplied to the system of natural gas a total of 328 thousand MWh, which is as much as 212% higher compared to the results achieved in February 2017. The amount of the natural gas regasified and supplied to the transmission system increased in this year’s February. It was influenced by consumption of natural gas in the state-governed energy sector, which also depended on weather conditions, i.e. relatively lower temperatures in February.

    Over the first two months, a total of 591 thousand MWh of gas was regasified and reloaded compared to 890 thousand MWh regasified and reloaded in the same period last year. The scope of activities of the LNG terminal was lower due to lower terminal capacities ordered by terminal users.

    The preliminary data says that the LNG terminal earned EUR 12 million in revenues in January and February, when the same period of the last year ended with EUR 13.1 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 June 21

18:27 Diana Shipping announces time charter contract for m/v Philadelphia with Koch
18:00 CMA CGM announces new rotation on ASAF service
17:56 Russia is in need of small bunkering tankers, LNG bunker supply ships and bunker barges - Damen
17:31 Gate terminal (Gasunie/Vopak) to increase ship loading flow rate
16:58 Antwerp blockchain pilot pioneers with secure and efficient document workflow
16:24 Freeport of Riga Authority joins Cruise Lines International Association
16:02 Danaos Corporation announces comprehensive debt refinancing agreement
15:50 MABUX: All eyes are on what course of action OPEC will call for
15:40 12 LNG bunker supply ships to be put into operation in Singapore by 2025
15:02 Ship garbage recycling pilot wraps up at Port of Brisbane
14:39 Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot
14:02 APM Terminals supports World Clean Air Day with App upgrade
13:41 Igor Zolotykh appointed as Harbour Master of port Ust-Luga
13:23 Victor Olersky appoints Igor Ishchenko as Harbour Master of port Primorsk
13:02 EU member states’ experts on ship recycling meet in Brussels
12:39 XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” opens in Saint-Petersburg
12:16 ABS issues industry-leading Guide advancing DC power for hybrid electric applications
12:00 Largest gantry crane in the Nordic countries delivered to Meyer Turku
11:57 HVCC Hamburg Vessel Coordination Center and the Rotterdam Port Authority launch unique cooperation
10:55 CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe
10:53 Protecting marine life from ship noise is in the focus of meeting on oceans and the law of the sea
10:28 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:02 Maritime officials in Morocco undergo training at IMO workshop in Casablanca
09:41 Closer look at the interpretation of maritime law
09:19 Baltic Dry Index down to 1,373 points

2018 June 20

18:00 Lead landing ship of Project 11711, Ivan Gren, joins the fleet of RF Navy
17:33 Rosatomflot extends its winter-spring navigation period amid challenging ice conditions
17:05 Genco Shipping & Trading Limited completes common stock offering
16:05 Seatruck Ferries to use larger vessels for Warrenpoint service
15:51 Maritime leaders endorse green initiatives for shipping
15:30 Mitsui to make entry into subsea support vessel business through acquisition of shares in AKOFS Offshore
15:04 Eighty-two Crowley vessels honored with Jones F. Devlin Awards in recognition of 613 combined years of safe operations
14:59 GasLog Partners LP announces new charter agreement with Cheniere Energy
14:24 Small icebreakers of Project 22740 can be converted to run on LNG
14:05 Cheniere Energy and Cheniere Energy Partners announce definitive merger agreement
13:13 ABB brings efficiency and sustainability through system integration to two new Indian ferries
12:39 Dredging works commenced at the port of Ust-Luga
12:01 ABP Southampton publishes Air Quality Strategy with package of commitments
11:20 Bunker prices are down up at the port of Novorossiysk, Russia (graph)
11:01 Crowley adds 40 ISO tanks
10:45 Yaroslavsky Shipbuilding Plant completed the series of six boom-laying boats
10:31 GTT receives an order from Hyundai Heavy Industries to design the tanks of a new LNG carrier
10:22 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:05 Euroports increases pulp & paper warehousing capacity in Tarragona, Spain
10:00 RF Government expands the list of publicly funded projects in seaports and on IWW of Russia
09:37 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index down to 1,419 points

2018 June 19

18:06 100 million dollars to link the Nile with Suez Canal Region
17:03 DNV GL partners with the EU and Government of India to bring offshore wind to the Indian market
16:32 CMA CGM deploys its innovative solution for containers tracking, TRAXENS by CMA CGM
16:18 APM Terminals ‘Cool port’ barge service speeds up distribution from Rotterdam
16:02 Multraship acquires an ASD Tug from Med Marine for Terneuzen operations
15:32 Koper remains the most important port for Austria
15:02 CMA CGM announces GRR from East Coast South America to Africa, Gulf and West Coast North of India
14:32 Port of Oakland import volume flat in May 2018
14:25 Europort Romania maintains its position as the premier Black Sea martime event
14:02 British Ports Association comments on new report on Northern ‘Free Ports’ strategy proposal
13:32 Port seeks to double rail volume with Railport Antwerpen
13:02 Rijkswaterstaat awarded Van Oord the contract to dredge Marker Wadden channel
12:32 MOL to make full-scale move into subsea support vessel business by acquiring stake in AKOFS of Norway