• 2019 April 22 16:57

    Federation Council approves the crab fishing quotas bill

    The Council of Federation of the Federal Assembly of the Russian Federation today, April 22, 2019 approved a bill introducing a new type quota for crab catching, a quota provided to encourage investments, the Russian parliament upper house press office said.

    The corresponding amendments will be made to the federal law “On Fisheries and the Conservation of Aquatic Biological Resources” concerning the improvement of quotas distribution procedures.

    The document was submitted by Sergey Mitin, First Deputy Chairman, Council of the Federation Committee for Agrarian and Food Policy and Environmental Management.

    The law was developed in accordance with the Plan of the Russian Government for promotion of competition in the Russian economy sectors.

    The senator noted that crab fishing for investment purposes is carried out by legal entities and individual entrepreneurs registered in the coastal regions of the Russian Federation belonging to the fisheries basins in which the quota has been allocated. The law provides that the total allowable catch of crabs, distributed according to investment encouraging quotas, is set at 50% from the quota of commercial and / or coastal fishing. Agreements with legal entities and individual entrepreneurs will be entered into following the results of tender process in electronic form on the allocation and granting of a share of investment purpose crab fishing quotas.

    The law says the duration of such contracts is 15 years. Under such contracts, the crab fishing entities will have to implement projects for the construction of facilities in Russia. The period to implement the investment projects is 5 years. The lists of facilities is established by the Russian Government.

    In addition, the law establishes that a permit for the extraction of crabs may be suspended by the federal fisheries authority prior to its validity expiration, if there are facts, grounds for early termination of contracts and prior to the entry into force of judicial acts on the early termination of these contracts.

    The federal law establishes appropriate dates: if the tender in electronic form is held before November 1 of current year, crab catching will be allowed from the 1st of January of the next year. If the tender is held after November 1 of the current year, crab catch will be allowed as from January 1 of the second year.

    Sergey Mitin noted that the implementation of the Federal Law will lead to the development of competition and will open a "closed sector of the economy." Currently, there are 90 companies engaged in crab fishing. At the same time, 73% of the market is controlled by nine groups of companies.

    Currently, the fleet of crab catchers in the country includes 154 vessels, 90% of which were built at foreign shipyards. It is planned that 36 fishing vessels will be built, with a total investment of RUB 50 billion.

2019 July 24

12:31 RF Transport Ministry considers e-visas effective for development of Kaliningrad Region’s transport potential
12:09 Ocean Yield ASA takes delivery of VLCC newbuilding with 15-year charter
11:48 EBRD Vice President Alain Pilloux officially visited NIBULON
11:26 Bourbon requested the suspension of the listing
11:04 Multipurpose Reloading Complex increased social expenses by 22%
10:41 Northern Fleet small anti-submarine ship to attack mock enemy submarine during Navy Day
10:12 Huntington Ingalls secures U.S. Navy contract to install and support C4ISR systems
09:57 Bunker prices go down at the port of Saint-Petersburg, Russia (graph)
09:43 MABUX: Bunker market this morning, July 24
09:40 Baltic Dry Index is down to 2,165 points
09:23 Brent Crude futures price is up 0.25% to $64.00, Light Sweet Crude – up 0.32% to $56.95
09:12 Two more Damen FCS 3307 Patrol vessels delivered to Homeland Integrated Offshore Services Limited of Nigeria

2019 July 23

19:02 Diana Shipping announces continuation of time charter contract for m/v Myrto with Cargill
18:04 Port of Southampton welcomes growing numbers of 'green' vessels
17:43 ASCO ships continue to work on Absheron gas condensate field
17:13 HII successfully completes builder’s trials for LHA 7
17:09 Arrival of bridges for Theemswegtracé, Port of Rotterdam
16:51 Nakhodka Trade Sea Port invests RUB 1 billion in construction of water treatment facilities
16:30 Bunker prices go up at the Far East ports of Russia (graph)
16:29 SGRE conditionally awarded largest U.S. offshore wind power order to date: 1.7 GW from Ørsted and Eversource
16:06 Zvezda to save RUB 200 million with its innovating welding technology
15:35 SUR recommends seafarers avoid employment on ships bound for Middle East
15:14 Siemens Gamesa will supply the SG 4.5-145 for its first nearshore project in Vietnam
14:07 Marine Recruiting Agency took part in event dedicated to compliance with labour legislation
13:43 LUKOIL produces over 15 million tons of oil at Vladimir Filanovsky field
13:20 ACO Marine completes the installation and commissioning of a Clarimar MF-10 wastewater treatment plant
12:56 Ferry Tõll reconstruction into hybrid ship
12:24 Muscat, Oman to host 2nd Gas & LNG Middle East Summit on 2-3 December 2019
12:00 Hapag-Lloyd announces rates from Indian Subcontinent & Pakistan to North Europe
11:58 GTT receives two new orders from Hyundai Heavy Industries and Hyundai Samho Heavy Industries
11:40 Barcelona to host European LNG Infrastructure Development Summit on 21-21 October 2019
11:22 Rotterdam to host 4th International Green & Smart Shipping Summit on 8-9 October 2019
10:58 Pella launched lead medium refrigerator trawler SKORPION of project 1701
10:25 RS: follow-up to the conference on the rules for fishing vessels
09:57 AEC at the 8th Symposium on The Impacts of an Ice-Diminishing Arctic on Naval and Maritime Operations
09:34 Baltic Dry Index is up to 2,191 points
09:33 MABUX: Bunker market this morning, July 23
09:19 Brent Crude futures price is up 0.17% to $63.37, Light Sweet Crude – up 0.11% to $56.28
08:01 Nexans qualifies high voltage cable to world record water depth to create power connection across a Norwegian Fjord

2019 July 22

18:06 Dorset’s Intermarine UK lands steel fabrication deal to increase capacity at Portland Port
17:58 Port of Zeebrugge volumes grow by 12.5 % in first semester of 2019
17:48 MS VASCO DA GAMA welcomed at Ostseekai for maiden call
17:19 Port of Kiel welcomed cruise ship “Marella Explorer”
16:55 ‘A British first’ cruise call for Port of Southampton
16:29 Damen to prepare Stad Amsterdam for ‘green ambassador’ role
15:47 Akademik Pashin tanker arrived at the port of Murmansk
15:14 Container throughput of port Hong Kong (China) down 8.1% to 9.06 million TEUs in Jan-June’2019
14:51 Port of Singapore throughput in Jan-June’2019 climbed by 0.6% to 315.17 million tonnes
14:28 JAXPORT sets container and auto records through first three quarters of fiscal year 2019
13:53 Throughput of port Helsinki (Finland) in Jan-June’19 fell by 6.1% to 7.14 million tonnes (table)
13:29 Bunker sales at the port of Singapore in Jan-June’2019 fell by 6.5% Y-o-Y to 23.7 million tonnes
12:56 Average wholesale prices for М-100 HFO up to RUB 17,248 in RF spot market
12:32 London to host 19th Vessel Efficiency & Fuel Management Summit on November 27-28
12:10 Turbine assembly begins for the WindFloat Atlantic project
11:55 Hamburg to host ACI’s Digitalisation in Shipping: Europe 2019 on October 9-10
11:24 NOVATEK closes Arctic LNG 2 transaction
11:10 APM Terminals Maasvlakte II increases rail service to major inland logistics hub
11:04 Seadrill secures contract for the West Polaris in Southern Asia
10:30 ASCO ships continue working on Absheron gas condensate field
10:08 Port of Oakland freight hauler testing two more electric big rigs