Russia
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Europe
Sovcomflot taps Sberbank for finance
Russia’s biggest lender Sberbank and the country’s largest shipping company Sovcomflot have signed a 14-year project finance agreement worth $106m.…
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Europe
Bitcoin used in landmark freight deal
The Prime Shipping Foundation -an open-source project by Gibraltar-based Quorum Capital and shipbroker Interchart – has revealed it was behind…
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Europe
Prisco back in buying mode two years on from chapter 11
Primorsk International Shipping (Prisco) is back in buying mode two years after it sought chapter 11 bankruptcy protection. Splash understands…
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Maritime CEO
Gazpromneft-Lubricants: International expansion coming up
Watch out for the Gazprom lube brand to make a significant splash across the world next year. While Gazpromneft-Lubricants continues…
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Europe
Sovcomflot in for more Samho aframaxes
One of the most aggressive buyers of aframax newbuilds this year is back in South Korea for more. Broker Intermodal…
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Europe
Second officer found dead on Russian car carrier
The second officer onboard the Russian car carrier was found dead on Sunday while the ship was docked at Japan’s…
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Europe
FESCO shareholders approve debt restructuring scheme
Russian owner FESCO has obtained an approval from the majority of its shareholders regarding a debt restructuring scheme for the…
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Europe
Rosneft orders 10 tankers at Zvezda
The shipping subsidiary of Russian energy giant Rosneft has ordered 10 tankers to be built on home soil. Rosnefteflot has…
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Europe
Kalashnikov takes aim at shipping
The most famous arms manufacturer in the world is diversifying into the shipyard business. Russia’s Kalashnikov has announced it will…
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Europe
Zvezda to build five gas-powered aframaxes
Sovcomflot, Rosneft, the State Transport Leasing Company (STLC), and Zvezda Shipbuilding Complex have signed agreements to build five gas-powered aframax…
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Europe
Palmali sues Litasco for $2bn
Turkey’s Palmali has lodged a claim worth nearly $2bn with the English High Court against Litasco, the trading arm of…
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Europe
Sovcomflot back at Samsung Heavy for another shuttle tanker
Sovcomflot has returned to favoured Korean yard Samsung Heavy Industries for another shuttle tanker. The 42,000 dwt ice class ship…
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Asia
Rosneft completes acquisition of Essar Oil stake
Russian energy major Rosneft has announced that it has completed the acquisition a 49.13% equity stake in India’s Essar Oil…
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Asia
Bumi Armada scores Lukoil Caspian Sea subsea contract
Malaysia’s Bumi Armada has signed a supplementary agreement with Lukoil via subsidiary Bumi Armada Caspian for additional engineering, procurement, construction…
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Americas
Rosneft loans PDVSA $1.02bn and pledges to continue Venezuela investments
Russian oil giant Rosneft has given Venezuela’s beleaguered state oil firm Petroleos de Venezuela SA (PDVSA) a $1.02bn advance payment,…
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Americas
Schlumberger closes in on majority stake in Eurasia Drilling Company
Houston-based multinational oilfield services provider Schlumberger has reached a deal to take a controlling 51% stake in Russian firm Eurasia…
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Europe
UCL Holding mulls IPO of transport assets
Russia’s UCL Holding, which manages the transport assets of steel tycoon Vladimir Lisin, is looking to list its rail, shipping…
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Europe
Sovcomflot calls for substandard ships to be barred from the Northern Sea Route
Top Russian owner Sovcomflot has called for the Russian government to continue its drive to improve navigational safety measures on…
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Europe
DP World-led consortium in talks for Fesco stake
Summa Group, the holding company of Russian billionaire Ziyavudin Magomedov, is negotiating a minority stake sale in one of Russia’s…
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Europe
Murmansk Shipping pledges all its assets to Sberbank for $104m loan
Seeking a RBL5.86bn ($104m) loan from Sberbank, Murmansk Shipping Company has put all of its assets down as collateral. As…
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