North Asia

Russian fuel exports will fall by 2024 due to drone attacks and bans adding pressure

Sources in the industry said that Russian exports of oil products by sea fell by almost 10 percent in 2024, after Ukrainian drone attacks damaged refineries. Higher funding costs as well as a government ban on gasoline exports added to the pressure from Western sanctions. Since the West imposed sanctions in 2022 over Moscow's military action in Ukraine, Russia has tried to access new markets, particularly in Asia and South America. Russia's oil companies have to increase crude exports to maintain revenue due to lower fuel exports. However, this option is limited to India, China, and Turkey who still purchase
Transportation

Russia eyes 55 bcm of gas exports to Iran annually, Putin says
Ryanair flight diverted from Vilnius due to GPS interference, Lithuania says

A Ryanair aircraft about to land at Vilnius airport was diverted to Warsaw in Poland on Thursday since of GPS disturbance, Lithuania's air navigation authority said on Friday. Estonia and Finland in 2015 blamed Russia for jamming GPS navigation devices in the region's airspace. Russia has rejected interfering with interaction and satellite networks. The majority of modern airliners have a variety of sensors and sources to determine their positioning, in addition to GPS, implying they can fly if there is interference. The Boeing 737 MAX 8-200, from London's Luton airport, was approaching Vilnius airport runway for landing, decreasing to an
Natural Gas Pipeline

Hungary imported 7.6 bcm of gas via Turkstream pipeline in 2024
Russian oil freight rates rise 25% in western ports after United States sanctions, sources state

Freight rates for shipments of Russian oil from its western ports to India rose by 25% after the U.S. enforced sanctions on 183 vessels involved in Moscow's. energy exports a week ago, 3 trading sources said and. Reuters computations revealed. India, which is Russia's most significant market for oil, and China. are still purchasing Russian barrels using Washington's unwind. duration till March, while evaluating new risks, traders said. The expense of a voyage for an Aframax vessel from Russia's. Baltic ports to India rose to $6.0-6.3 million for a one-way. trip, from about $4.7-4.9 million a week earlier, the sources
Transport Infrastructure

The drone attacks and other headwinds will affect Russia's seaborne oil products exports in 2024

Industry data shows that Russia's seaborne exports of oil products fell by 9.1% last year to 113.7 millions metric tons as the country's refineries were hit with a number of challenges, including Ukrainian drone attacks and an export ban. They also faced falling prices, higher input costs, and a drop in oil prices. Ukraine targeted several Russian fuel and refinery facilities including Lukoil’s Volgograd refinery and Gazprom’s Omsk oil refining facility in western Siberia. Also, Slavyansk, Novoshakhtinsk, and Rosneft’s Black Sea oil refinedry in Tuapse were targeted. Market sources reported that Russian refineries were also under financial pressure due to
TPG and Transneft dismiss the $14 billion UK lawsuit of a Russian mogul in prison

Oil Pipeline

U.S. sanctions chill the Arctic oil of Russia

According to sources familiar with the logistics, U.S. sanction on Russian tankers and depots is causing major disruptions in Russia's vast Arctic Oil business. Crude supplies that were previously purchased by Asian buyers are now stuck in storage. The U.S. sanctions announced on Friday were the most severe yet against Russia's oil industry. They target major oil producers Gazprom and Surgutneftegas, as well as 183 ships that shipped Russian oil. According to three sources, who spoke on the condition of anonymity, all three Russian Arctic oil grades, Novy Port ARCO and Varandey with a combined daily output of about 300,000...

Transport Infrastructure

Germany protects oil tanker adrift off its Baltic coast

A tugboat has stopped a. tanker bring around 99,000 metric lots of oil from Russia. from wandering out of control off Germany's Baltic Sea coast near. the island of Ruegen, emergency services said on Friday. The 274-metre (899-foot) Panama-flagged tanker, called. Eventin, and taking a trip from Russia to Egypt, had been drifting. gradually and unable to manoeuvre given that earlier on Friday,. Germany's Central Command for Maritime Emergencies said. A tugboat was holding it in position and others were en. route, CCME said, adding it was examining next steps. Evacuation of the 24-member team was not required, it said....

Transport Infrastructure

Readily available Russian-origin aluminium stocks in LME system fell 11% in December

Russian aluminium stocks in London Metal Exchange warehouses readily available to the marketplace fell 11% in December from November, LME data revealed, as traders and consumers wanted to avoid lines for Indian metal in Port Klang, Malaysia. The aluminium stored in LME signed up storage facilities in Port Klang is primarily of Indian origin and is wanted by Western customers, much of which have refused to purchase metal produced in Russia, after it attacked Ukraine almost three years back. Readily available aluminium stocks of Russian origin or those that are on warrant reached 163,450 metric tons at the end-December, which...

Transport Infrastructure

China's foreign ministry is unaware of the ban on US sanctioned ships by Shandong Port Group

China's Foreign Ministry said that it did not know about the decision by Shandong Port Group to ban U.S. sanctioned vessels in its east coast harbours. The group supervises several major terminals located in Shandong province, the main entry port for oil imported from Iran, Russia and Venezuela. These embargoed oil flows accounted for almost a fifth (or 5%) of all imports last year. If the ban was enforced, traders claim it would increase shipping costs for independent refining companies in Shandong. These are the main purchasers of discounted sanctioned oil from the three countries. It could also cause a...

Transport Infrastructure

China urges safety evaluations after lethal year in commercial aviation

Chinese authorities have required evaluations of industry dangers to discover any hidden operational dangers from flight paths to runways, following the most dangerous year in worldwide business aviation given that 2018. In 2015, 318 people passed away in industrial flight occurrences around the globe, according to information tracked by the U.S.-headquartered Flight Safety Foundation's Air travel Security Network. The last time fatalities went beyond 300 remained in 2018. On Friday, the Civil Air Travel Administration of China (CAAC). said it had actually been alerting Chinese airline companies to prospective security. dangers and changing flight routes. The Civil Air Travel Administration...

Transport Infrastructure

Russia's Medvedev accuses Norwegian-flagged vessel of declining to assist sinking ship

Dmitry Medvedev, deputy chairman of Russia's Security Council, on Friday accused a. Norwegianflagged ship of refusing to rescue sailors from a. sinking Russian cargo ship in the Mediterranean Sea in what he. said was an unforgivable act. The Ursa Major cargo ship, part of the Russian Defence. Ministry's military construction operations, encountered trouble on. Monday and after that sank between Spain and Algeria with 14 of its. crew of 16 taking to a lifeboat. 3 surges tore through the vessel breaching the hull. in an act of terrorism, the ship's owner, Oboronlogistika,. told state news agency RIA on Wednesday. Spain's...

Transport Infrastructure

Russia's domestic LPG costs halve following EU embargo

Domestic rates of liquefied petroleum gas (LPG) in Russia cut in half in December from the previous month due to an influx of the fuel, exports of which have been suppressed by European sanctions, Reuters computations showed. The European Union's sanctions against Russia's LPG took result on Dec. 20. The limitations were proposed in 2015 by Poland, one of Russia's largest LPG importers. LPG, or propane and butane, is primarily used as fuel for vehicles, heating and to produce other petrochemicals. A sharp rise of LPG products to the domestic market caused a. collapse in wholesale rates in Russia to...

Transport Infrastructure

Russia's domestic LPG costs halve following EU embargo

Russian cargo ship sank in Mediterranean Sea with 2 crew missing, Russian Foreign Ministry says

A Russian freight ship called ' Ursa Major' sank in the Mediterranean Sea between Spain and Algeria and 2 of its team are missing, the Russian Foreign Ministry stated on Tuesday. The ship decreased after a surge in its engine space and 14 of its 16 team members have actually been saved and brought to Spain, the ministry stated in a declaration. LSEG ship tracking data reveals the vessel left from the Russian port of Saint Petersburg on Dec. 11 and was last seen sending out a signal at 2204 GMT on Monday between Algeria and Spain. On leaving Saint...

Russia's Rusagrotrans forecasts record high wheat exports in 2024/25 season first half

Russia will export a record 29.4 million metric tons of wheat in the very first half of the 2024/25 exporting season, experts from rail carrier Rusagrotrans stated on Monday, after raising their December export quote. The country has actually exported wheat at a record speed, in spite of low global rates in the existing exporting season, ahead of the intro of a quota on Feb. 15 that becomes part of steps to improve domestic supply and fight inflation, presently at 9.5%. For the 2nd half of the season from Feb. 15 to June 30, the government has set the wheat...

Oil cleans up on Russia's Black Sea coast after tankers damaged, guv says

Spilled oil has actually cleaned up along tens of kilometres of the Russian Black Sea coast after 2 tankers were badly harmed in a storm at the weekend, a. local governor said on Tuesday. Veniamin Kondratyev, the governor of Russia's southern. Krasnodar area, said on his Telegram channel that fuel oil had. been discovered along the coast from the districts of Temryuk to. Anapa. Today, while keeping track of the shoreline, discolorations of. fuel oil were found. Oil products washed ashore for several. tens of kilometres, he said. The Volgoneft 212 tanker split in half on Sunday in the. Kerch...

Finland to obtain a new icebreaker for its fleet

Finland will change one of its 8 existing icebreakers with a brand-new vessel to protect open routes in the Baltic Sea all year, the Finnish federal government said on Monday. The statement followed the signing of an ICE Pact last month, a deal in between the United States, Canada and Finland to collectively advance their Arctic and polar icebreaker advancement in order to counter Russia and China in increasingly tactical polar regions. Navigable maritime routes are essential for Finland's foreign trade, with stats revealing some 96% of its imports and exports being shipped through the Baltic Sea, the security of...

Stricken oil tankers show threats of Russia's aging 'shadow fleet'

Russian authorities sought to restrict the damage on Monday from oil spilled into the Kerch Strait by two ageing tankers that were damaged throughout a heavy weekend storm, highlighting the environmental and insurance risks of Russia's 'shadow fleet'. One crew member was eliminated after the Volgoneft 212 split in half, with 12 rescued, while authorities said all 14 team aboard the Volgoneft 239, which ran aground 80 metres from the coast near the port of Taman, were likewise saved. The more than 50-year-old ships were bring some 9,200 metric tons (62,000 barrels) of oil products in total, Russian news company...

Passenger Transportation Services

Russia's St Petersburg airport stops operations due to heavy snowfall

Pulkovo airport in Russia's. St Petersburg has actually stopped operations due to heavy snowfall, the. airport stated on Sunday. At around 0830 regional time (0530 GMT) the airport revealed. it was stopping all flights and prepared to resume operations. quickly. Nevertheless, this has been held off till weather condition. conditions enhance. Artyom Korenyako, a spokesperson for the national aviation. watchdog Rosaviatsia, composed in his Telegram account that since. 1235 regional time 33 aircrafts bound for St Petersburg had actually been. redirected to alternate airports, primarily in Moscow. Mash Telegram channel published a video showing what it. stated was one of...