Shipping

  • Shipping
    Jul 18, 2020
    Express delivery market in Russia

    Overview of the prevalence and reliability of express delivery firms within the country.

     

    According to a J’son & Partners Consulting study, Russia’s express delivery market grew five percent to 54.6 billion rubles (approximately USD850 million) in 2015 (latest available edition), representing 0.5 percent of the global express delivery market. The 38 largest Russian cities with more than 500,000 residents account for 70 percent of the total volume of express delivery services, with more than 60 percent of the market coming from B2C (business-to-consumer) transactions. The size of the B2B (business-to-business) express delivery segment, which is especially important for healthcare products, has not changed since 2015.

     

  • Shipping
    Nov 23, 2019
    Zvezda Shipyard increases portfolio of orders by 42%

    In the second six-month period of 2018, the Zvezda Shipbuilding Complex’s portfolio of orders grew by 42 percent, and currently Zvezda has contracts for the construction of 37 vessels.

     

    Zvezda’s anchor customer is Rosneft, which placed an order for 26 vessels, including 12 Arc-6 and Arc-7 ice-class tankers, four ice-class multi-purpose support vessels, and 10 Aframax tankers. Gazprom ordered three support vessels, one vessel for transporting drilling crews, and one multi-purpose service vessel for an offshore production unit. Rosmorport ordered one shallow-draft icebreaker. The contract also provides for an option to build three similar vessels. Sovcomflot ordered at the Zvezda Shipbuilding Complex two Aframax tankers and three medium-range tankers of the MR class. The Zvezda Shipbuilding Complex continues to work on new contracts.

     

  • Shipping
    Nov 23, 2019
    2018 SCF Group performance

    2018 proved to be the second consecutive challenging year for the tanker industry, with trading conditions remaining extremely difficult and the spot rates well below their historical averages.

     

    On the bright side, industry players felt a visible rebound in freight rates in the fourth quarter of 2018, reflecting a balancing between tanker supply and demand, following a sustained period of tanker fleet removals and an increase in crude oil demand from Asian refiners. In the fourth quarter, the SCF Group (Sovcomflot) increased its revenue base, achieving a profit of USD11.9 million, against a USD106.2-million loss in 2017. The annual results reflected a strong contribution from the industrial shipping business (comprising offshore services and LNG transportation). These activities now account for 57.2 percent of the group’s time charter equivalent (TCE) revenues (up from a 50.9-percent share in 2017).

     

  • Shipping
    Aug 18, 2018
    Sberbank to participate in constructing Russia’s icebreaker fleet

    On May 25, 2018 Sberbank and the Rosatom State Corporation signed a memorandum of cooperation to develop Russia’s Arctic fleet.

     

    The agreement was inked by Sberbank’s first deputy chairman of the executive board Maxim Poletaev and first deputy director general for corporate development and international business at Rosatom Kirill Komarov at the St. Petersburg International Economic Forum.

     

    The objectives of the entities’ joint work include the development of the Arctic fleet, safe navigation in the Northeast Passage, the development of Arctic seaports, as well as assistance to oil, gas, and other mineral producers in the Arctic. As part of the cooperation, Sberbank intends to undertake financing the construction of a new icebreaker fleet, as well as the infrastructure for the fleet’s uninterrupted operation to ensure all-season navigation through the Northeast Passage.

     

Aviation