Over 700 Barges Stranded by Mississippi River Closure in Memphis Due to Bridge Crack
The U.S. Coast Guard said 44 vessels with a total of 709 barges are now in the queue as a 1-miles stretch of the Mississippi River remains closed after a...
MOSCOW, Dec 17 (Reuters) – A new Arc5 ice-class tanker, Boris Sokolov, is heading to the Russian port of Sabetta on the Northern Sea Route along the Arctic coast to load a stable gas condensate cargo from the Yamal LNG project, Refinitiv Eikon data showed on Monday.
It is due to arrive on Jan.7 after setting out from the port of Nansha in the South China Sea on Dec. 6.
The Northern Sea Route, Russia’s answer to the Suez canal, is very challenging to navigate in winter due to thick ice. It is now closed to eastbound traffic. Novatek, Russia’s largest non-state natural gas producer, has said that another such tanker is due to arrive in three months time.
Yamal condensate is a type of light oil produced along with liquefied natural gas (LNG), and Asian customers are looking to increase purchases for the petrochemical industry.
Traders expect demand for condensate to rise towards 2020 as it allows refiners to produce low-sulphur fuels – critical in light of upcoming shipping regulations. (Reporting by Natalia Chumakova; writing by Vladimir Soldatkin; Editing by Kirsten Donovan)
(c) Copyright Thomson Reuters 2018.
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