G R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher Offer
Thursday 25 July 2024
 13.4°C   SSE Moderate Breeze
Ocean Kinetics - The Engineering Experts

Council / Russian shipping ban not expected to have financial repercussions for Sullom Voe

NS Challenger berthed at the Sullom Voe oil port on Friday last week. Photo: Shetland News

A RECENTLY imposed ban on Russian-owned or controlled ships from UK ports is not expected to have financial consequences for the port of Sullom Voe, according to a senior council official. 

Director of infrastructure services John Smith was asked during a meeting of the council’s harbour board on Wednesday afternoon if this part of the sanctions against Russia would have any repercussions on tanker traffic at the port.

The harbour account contributes over £12 million in income towards Shetland Islands Council.

Smith told councillors that in his view there were plenty of other options available to those working in the global oil trade.

“Other tankers will be available for hire. In the past all the oil that has come into Sullom Voe Terminal has been lifted,” he said. “I have no doubt that in the current market conditions that will continue to be the case, so I don’t think it will have an effect.”

The issue of tankers belonging to state-owned Russian shipping company Sovcomflot calling at UK oil ports was raised by Shetland News last Wednesday when the NS Challenger was approaching Sullom Voe for a cargo of North Sea crude oil.

Isles MP Alistair Carmichael secured a commitment from prime minister Boris Johnson on Thursday to investigate the status of Russian tankers. On Monday – day five of the Russian invasion of Ukraine – all Russian shipping was banned from UK ports.

Meanwhile, the harbour board heard that during the three months from October to December 2021 the SIC earned an additional £700,000 in rent for the Shetland Gas Plant thanks to a rise in the global price of gas.

At the same time, however, the expected income from running the oil port was down by more than £1.1 million as a result of fewer tankers than expected calling at the port.

Become a supporter of Shetland News

Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.

Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.

Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has  over 600 supporters  who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.

Your contribution will ensure Shetland News can: -

  • Bring you the headlines as they happen;
  • Stay editorially independent;
  • Give a voice to the community;
  • Grow site traffic further;
  • Research and publish more in-depth news, including more Shetland Lives features.

If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.

Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.

 

Newsletters

Subscribe to a selection of different newsletters from Shetland News, varying from breaking news delivered on the minute, to a weekly round-up of the opinion posts. All delivered straight to your inbox.

Daily Briefing Newsletter Weekly Highlights Newsletter Opinion Newsletter Life in Shetland Newsletter

JavaScript Required

We're sorry, but Shetland News isn't fully functional without JavaScript enabled.
Head over to the help page for instructions on how to enable JavaScript on your browser.

Your Privacy

We use cookies on our site to improve your experience.
By using our service, you agree to our Privacy Policy and Cookie Policy.

Browser is out-of-date

Shetland News isn't fully functional with this version of .
Head over to the help page for instructions on updating your browser for more security, improved speed and the best overall experience on this site.

Interested in Notifications?

Get notifications from Shetland News for important and breaking news.
You can unsubscribe at any time.

Become a supporter of Shetland News

We're committed to ensuring everyone has equitable access to impartial, open and quality local journalism that benefits all residents.

By supporting Shetland News, you play a vital role in ensuring we remain a pivotal resource in supporting the community.

Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.