• 2020 October 20 12:33

    RF Ministry of Economic Development to allocate RUB 2.8 billion for creation of port SEZ in Astrakhan Region

    The subsidies will be provided in 2021-2022 modernization of Olya port’s berths and construction of a new seaport
    The Ministry of Economic Development of the Russian Federation says it will allocate RUB 2.8 billion for creation of port SEZ in the Astrakhan Region by 2022.

    The issue of Astrakhan SEZ was considered at the meeting of the dedicated working group chaired by Yury Trutnev, Deputy Prime Minister of the Russian Federation. The project is to be implemented in two phases. The Ministry of Economic Development offers allocations to finance the first phase that foresees modernization of the existing terminals of Olya port. The allocations for the second phase will be based on the first phase results. The second phase foresees the construction of a new container terminal on the Caspian Sea.

    “More than RUB 257 million are to be allocated for the first phase of port SEZ in 2020. In 2021-2022, the Ministry of Economic Development of the Russian Federation will provide RUB 1.1 billion of subsidies to the Astrakhan Region for land development and modernization of Olya port’s berths and RUB 1.4 billion for creation of a new port. Those allocations are covered by the draft federal budget”, said Sergey Galkin, Deputy Minister of Economic Development.

    There are five anchor residents of the SEZ set to implement investment projects on construction and operation of seaport infrastructure and logistics activities. The scope of announced investments is RUB 17.26 billion.  Port SEZ in the Astrakhan Region will trigger the development of the North-South transport corridor’s potential and will enhance the competitiveness of Russian ports on the Caspian Sea. By the end of 2030, the SEZ will number at least 26 residents which are to generate at least 1,000 jobs.

    The draft decree on creation of port SEZ in the Astrakhan Region was submitted by the Ministry of Economic Development to RF Government in early October 2020. The project on creation of a port SEZ on the Caspian Sea is supported by Russian President Vladimir Putin.

    Related links:

    Investments into Astrakhan Region SEZ to exceed RUB 25 billion by 2026 >>>>

    Port Olya has not yet reached full capacity and large percent of cargo in the Caspian region still bypasses Russia – Vladimir Putin>>>>




2020 December 4

17:46 BIMCO: EU ship recycling regime improved but gaps remain
17:26 Hapag-Lloyd announces PSS from Far East to North Europe and Mediterranean
17:04 Zvezda Shipyard lays down shuttle tanker of ARC6 class
16:52 Lloyd's Register to acquire C-MAP Commercial from Navico Group
16:35 WDP builds multimodal mega-distribution centre in North Sea Port
16:05 Volkswagen powers car freighters with used oil from restaurants
15:24 Marvesa and Koole Terminals sign an agreement to build and use a new tank storage terminal in the Port of Rotterdam
15:09 Cargo traffic within Azov-Don Basin of Russia’s IWWs grew by 7.6% in 2020
14:11 CMA CGM announces FAK rates from North Europe to Kenya and Tanzania
13:45 Nefteflot lays down third cruise ship of Project PV20S
13:13 The Finnish Financial Supervisory Authority approves the merger prospectus concerning the combination of Cargotec nd Konecranes
12:24 Kapitan Metsayk icebreaker arrives at Azov seaport
12:01 Austal Australia launches first of two cape class patrol boats for Trinidad and Tobago Coast Guard
11:40 Klaipėdos Nafta joins Lithuanian hydrogen platform
11:19 Bunker prices started decreasing at the Port of Saint-Petersburg, Russia (graph)
11:18 Odfjell SE agrees to acquire Lindsay Goldberg’s stake in Korea terminal
11:09 CMA CGM announces THC for import / export Finland, Sweden, Spain, Italy, Belfast (UK)
10:55 MABUX: Bunker market this morning, Dec.04
10:49 Port of Long Beach prioritizes dual transactions
10:37 NSR cargo traffic grew by 4.2% in 11M’2020
10:00 Online discussion of China’s inland shipping experience to continue on December 9 at joint PortNews/MEB webinar
09:26 Oil prices rise following OPEC+ meeting
09:14 Baltic Dry Index as of December 3

2020 December 3

18:31 ABS, Hyundai Heavy Industries Group and the Marshall Islands Registry JDP creates coating needing just one application
18:11 Lotos shipyard lays down two more dredgers of Project 93.159
18:03 Torqeedo powers Thailands first electric passenger ferry fleet
17:28 Krasnoye Sormovo shipyard delivers dry cargo carrier Alfa Mercury
17:06 Wärtsilä signs 5-year agreement with LMM for the main engines for two VLGCs
17:02 Bunker Weekly Outlook, Dec 03, 2020
16:50 The 1st Hackathon dedicated to innovation in the port sector in Morocco launches from December 18 to January 29
16:37 Timber and forestry products account for 24% of Riga port’s total turnover
16:05 Cargotec’s Board of Directors has decided to initiate a sales process for Navis software business
15:59 Rosatom to establish Marine Operations Headquarters for NSR
15:34 Port of Antwerp tightens regulations regarding byloads inside second-hand vehicles
15:22 Operation of unmanned navigation test basin on Neva river to continue next season
15:04 Maersk Tankers adds four Xihe-owned tankers to its pools
14:24 Equinor and SINTEF enter into a strategic collaboration agreement
14:02 Investment reaps rewards for Pilbara’s ports
13:40 Bunker market sees mixed price movements in the Far East ports of Russia (graph)
13:02 Trafigura becomes a major investor in green hydrogen with H2 Energy
12:34 RF Government drafted decree on providing state support to construction of large-capacity ships
12:01 Busiest month for Port of King’s Lynn in five years
11:55 The study by HTC identifies almost 30 measures that can lead to a reduction in CO2 emissions in the Port of Hamburg
11:29 AS Tallink Grupp published its tatistics for November 2020
11:00 BW LPG enters into agreements to sell two vessels
10:35 Ships of RF Navy's Pacific Fleet completed their visit to Sri Lanka
10:10 Rosmorport takes delivery of self-propelled hopper barge Morskaya
10:02 Soren Toft arrives at MSC as Chief Executive Officer
09:48 MABUX: Bunker market this morning, Dec.03
09:29 Oil prices are slightly down
09:16 Baltic Dry Index as of December 2

2020 December 2

18:37 Rolls-Royce acquires leading supplier of ship control systems Servowatch
18:05 Aker and MAN sign agreement to develop energy-efficient compression solutions for carbon capture and storage applications with heat recovery
17:53 Cargo traffic within Azov-Don Basin of Russia’s IWWs grew by 7% in 11M’20
17:20 Fincantieri finalizes new generation of thrusters
17:15 Hapag-Lloyd announces rates from East Asia (incl. Japan) to North Europe and Mediterranean
16:56 ESPO welcomes European Parliament’s own-initiative report on revision of TEN-T guidelines
16:35 ECSA applauds UN resolution on seafarers as key workers and supports IMO call for priority vaccination
16:20 RF Navy’s corvette "Boyky" passes the Baltic straits
16:04 Floating wind power to grow 2000-fold by 2050 but more comprehensive standards and risk management required - DNV GL