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Reduced Berthing Times Could Save Money to Shipping Companies
Last November the Load Star published a very interesting article regarding an analysis from shipping consultancy SeaIntel on how Shipping lines could save millions of dollars in fuel costs if time...
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DNV and GL Merger
During the End of 2012 GL and DNV announced their agreement to merge. The new entity will be called DNV GL Group. The merge will create the third-largest certification, inspection and testing business...
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Russian Oil Production to Peak Soon
According to Fitch’s Ratings Russian oil production will probably peak in the next few years as the gains from new oil fields are offset by falling output from brownfield sites. The ratings agency said...
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Banks Taking Possession of Vessels
According to shipping experts banks are set to take tougher action against distressed shipowners this year, leading to a rise in loan foreclosures and lenders taking possession of vessels and all this...
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Facilitation Payments During PSC Inspections
At the Tokyo MoU’s Port State Control Committee meeting held in Singapore during late January, INTERTANKO put over the growing concern from Members that facilitation payments are becoming more...
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Russia Draws up Business Plan to Revive the Northern Sea Route
The Northern Sea Route (NSR) gradually becomes an important transport corridor: latest navigation season set a new record in the number of vessels. The Russian energy giant Gazprom successfully...
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Spanish Yards Criticise Dutch Shipyards Financial Practices
During Early February the Spanish Association of Maritime Industries (ADIMDE) and The Basque Maritime Forum have presented the European Commission with a paper which criticises the Dutch financial...
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Arctic’s Geopolitical Importance
The following interview, exclusively published by Route Magazine, covers some very important and interesting aspects of Arctic affairs. Alexandre Latsa, French expert in geopolitics, author of “Putin’s...
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Shipping Confidence Reaches Highest Level for 2 Years
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013. There was improved expectation of freight rate increases over...
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South Stream Shapes European Energy Security, Nabucco Falls Behind
South Stream is an ambitious endeavor of Russia’s energy giant Gazprom to get direct access to the EU energy market. It is portrayed and criticized by some politicians in Europe as a «dangerous»...
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Subsea Companies Across the UK Set to Grow in 2013
Subsea companies across the UK are set to grow by 20% or more in 2013, with some companies anticipating more than 50% growth. During last February a survey of Subsea UK members revealed that 100% of...
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Europe Embraces Nord Stream Expansion
European countries, including the Netherlands, Finland and the United Kingdom expressed their interest in the expansion of Nord Stream. The third and fourth strings of the pipeline enjoy the highest...
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Europe’s LeaderSHIP 2020
Europe’s LeaderSHIP 2020 strategy to increase the competitiveness of European maritime technology is the result of a close co-operation between the industry, the trade unions, maritime regions, Member...
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Who is compromising “South Stream” in Europe?
The third and fourth sections of Russia’s “South Stream” will be completed by 2018. However, supranational structures in Brussels and their representatives in Berlin still cannot set forth a...
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Temelín: Strategic Growth Project for Russian-Czech relations
Czech Prime Minister Petr Nečas arrived in Russia on a four-day working visit late May, 2013. Trade and energy policy are among the topical issues for Prague and Moscow – 6% increase in turnover is...
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Russian Arctic Set to Become the New Frontier
Investing in the Arctic is a high-risk venture. The harsh climatic conditions of the “last energy frontier” coupled with limited availability of infrastructure translate into high capital and operating...
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Russia’s Arctic, NATO and Norway: A Post-Kirkenes Political Landscape
Recent NATO’s decision to denounce plans of direct Arctic presence sends a positive signal to all littoral states including Russia, a major regional stakeholder among non-members of the Alliance....
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Gas Exporting Countries Gathered in Moscow for Influential Forum
Members of the influential Gas Exporting Countries Forum (GECF) gathered in Moscow 1-2 July 2013. Long-term contracts and infrastructure projects were high on the agenda. The GECF is an international...
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Scottish Oil and Gas Boom
The oil and gas sector is an important part of the Scottish economy. It is estimated to contribute around £25 billion to Scottish GDP, approximately 17% of the total in 2011. The sector is also a major...
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US Shale Myths and European Market Reality
Many US shale companies that have been beating the drums of shale “revolution” are now facing oil and gas well depletion. In February 2013 the US Energy Information Administration (EIA) warned that...
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