NIKOLAY YEVGENOV
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Danish holding company could be affected by new sanctions against Russia
As new sanctions against Russia were announced, the shipping company Seapeak moved the operations of six Russian vessels from Europe to a Danish-owned company in Singapore, a move, which did not exempt the Danish owner from EU sanctions. The 'Nikolay Yevgenov' set a course for Denmark after unloading just over 70,000 tonnes of LNG in Rotterdam and was drydocked at the shipyard Fayard in the Odense Fjord on Sep 23 to prepare for further shipments of Russian LNG. The vessel is operated by a Singapore-based company that is 100 % owned by the Danish holding company Seapeak Maritime Holdings (Denmark) A/S, which, as a controlling owner, was bearing a responsibility to comply with sanctions against Russia, even when the activity is carried out by a subsidiary in a non-EU country. The company operates several shipping firms from Copenhagen and is part of the global shipping group Seapeak, which in April transferred commercial responsibility for a total of six LNG vessels—built to transport gas from the Russian Yamal facility—from a Scottish subsidiary to the Danish-owned Singaporean company Seapeak Maritime (Singapore) Pte. The transfer of the shipping business handling the Russian cargo took place at the same time the EU and the UK decided on new sanctions specifically targeting the transport and servicing of vessels carrying Russian LNG. The sanctions include exemptions, but starting in January 2027, the import of Russian LNG into the EU under long-term contracts will be banned, while new restrictions will also affect the servicing of vessels and the transport of Russian LNG. The Seapeak Group has itself warned investors that sanctions from both the EU and the UK are creating financial challenges for the group in fulfilling existing gas delivery contracts. New sanctions targeting both the purchase and transport of Russian LNG will take effect at the turn of the year; this could have consequences for the Seapeak Group, which has already announced plans to restructure its Russian LNG operations as a result.
Repairs of propulsion damage in Brest
The 'Nikolay Yevgenov' which had suffered damages to its azipod on Jan 16m 2021, when the vessel approached the Bering Strait, has arrived at the Damen Shipyard in Brest on Feb 25 for repairs to its propulsion system. It remained stationary as of March 4.
Azipod damage in Arctic waters
On Jan 16, 2021, the 'Nikolay Yevgenov' with an LNG shipment from Sabetta, Yamal, Russia, bound for Tinajin, suffered a damage to one of its three azipods whiöe transiting the Northern Sea Route, Russian Arctic, in the wake of the LNG tanker 'Christophe de Margerie'. Both tankers were underway without icebreaker assistance. After having sailed with a speed of about 9 knots all the way from Sabetta, the tanker suddenly slowed down to 3 knots. The ship will have to undergo repairs after offloading its cargo upon its arrival probably on Jan 28, 2021.
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