Russia Considering Postponing Adoption of IMO 2020 Fuel Rules

By Evgenia Pismennaya, Dina Khrennikova and Jack Wittels (Bloomberg) --Russia, one of the largest producers of the world’s favorite ship fuel, may delay local adoption of more stringent rules targeting air pollution from commercial vessels. Ship owners and operators worldwide are preparing to switch to using fuel oil with a sulfur content of no more than 0.5% starting Jan. … [Read more...]

Russian Icebreaker Issues (Then Retracts) Mayday Call in Storm Off Norway

OSLO/MOSCOW, Oct 22 (Reuters) - A Russian icebreaking vessel with 33 people on board made a Mayday call during a storm off the coast of western Norway on Tuesday but Russian authorities said the distress signal had been issued by accident. The Norwegian Joint Rescue Coordination Centre, which initially reported the call from the ship located about 22 km off the town of … [Read more...]

More Yamal LNG Cargoes Headed East via Northern Sea Route

Russian natural gas produce Novatek said it shipped fifteen cargoes from its Yamal LNG plant to Asia via the Northern Sea Route in the third quarter of 2019, putting it on track to increase eastbound shipments by fourfold compared to last year.  According to Novatek, the eastbound shipments represent approximately 25 percent of all cargoes shipped from Yamal LNG during … [Read more...]

Russia’s Lukoil Sells Rare Arctic Crude Oil to China

By Shu Zhang and Olga Yagova SINGAPORE/MOSCOW, Oct 2 (Reuters) - Russian oil producer Lukoil has sold a cargo of Varandey Blend crude to a Chinese buyer with the shipment sailing via Arctic waters in an unusual trade flow, according to industry sources and shipping data. Lukoil's trading arm, Litasco, sold the cargo to Chinaoil, the trading vehicle of state-owned CNPC, said … [Read more...]

Sovcomflot CEO to Step Down, Assume Role of Board Chairman

By Gleb Stolyarov and Darya Korsunskaya MOSCOW, Sept 17 (Reuters) - Sergei Frank will step down as president and chief executive of Russian state-controlled shipping giant Sovcomflot after 15 years at the helm, four sources familiar with the decision told Reuters on Tuesday. Frank will give up operational control of Sovcomflot and take over as chairman of the company's … [Read more...]