In January-September Commercial Sea Port Yuzhny handled 29,609,000 tons, down by 16.5% YoY, according to the Ukrainian Sea Ports Authority. In the reporting period, transshipment of liquid bulk cargo fell by 8.7% to 3.01 million tons including 252,000 tons of oil products (-13.2%), 739,000 tons of vegetable oil (+12.2%) and 2.01 million tons of chemicals…Details
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Skadovsk maritime merchandise port on October 6, serviced the first ferry from Turkey running the Skadovsk-Zonguldak route the operation of which had been resumed. Skadovsk Town Council said that the ferry voyages were resumed thanks to efforts of the port’s team. The ferry arrived without cargo to test the possibilities of moving in the sea…Details
Russian Energy Minister Alexander Novak expects the international oil surplus to fall by about 1 million barrels per day (bpd) until the end of 2016, Novak reported. On September 27, the Organization of the Petroleum Exporting Countries agreed to cut output by between 200,000 and 700,000 barrels a day. The 14-nation oil-producing group controls over…Details
Russia’s consumer price inflation will amount to 5.4-5.5% in 2016, below the official forecast of 5.8%, Economic Development Minister Alexei Ulyukayev reported. “Our accumulated inflation now stands at 4.1% since the start of the year and 6.4% compared with the corresponding last year period”, he said. “It will be around 0.4% in each of the…Details
Russia has agreed to cut the 2016 gas price and has outlined a plan of further reductions for the next few years for Belarus, while Minsk agreed to redeem a $300 million debt for past deliveries, government officials said. “The debt, which has accrued for January gas payments will be redeemed fully until October 20.…Details
Russia is considering shipping 100,000 tons of wheat to Syria as humanitarian aid, a source at Russia’s Agriculture Ministry reported, adding this volume could be supplied via the Black Sea and paid for by Russia’s government. “We will decide on this by the year-end”, the source said. He added that Russia would be also ready…Details
VTB Capital, an investment advisor on privatization of the government’s 25% stake in Russian shipping company Sovcomflot, has submitted a report to the Economic Development Ministry in which it said that the stake might be sold in 2017 in parts on the Moscow and New York stock exchanges, Minister Alexei Ulyukayev reported. “Sovcomflot (privatization) may…Details