Russia
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Europe
Russian ships targeted by Islamic State now under escort through the Bosphorus
Combined Turkish forces are escorting Russian ships through the Bosphorus Strait as a result of an intelligence tip that Islamic…
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Europe
Sovcomflot set to list next month
Sovcomflot, the Russian tanker giant, will push ahead with a listing as early as next month, Reuters is reporting. The…
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Europe
Livestock carrier collides with Russian navy ship off Turkey
Livestock carrier collided with Russian Navy ship Liman off Turkish coast in the Black Sea yesterday. The livestock carrier was…
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Americas
Sovcomflot takes PDVSA to court over missing $30m charter fees
Sovcomflot has gone to court over a charter dispute with struggling state run Venezuelan energy firm PDVSA. Reuters is reporting…
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Europe
Murmansk Shipping makes first fleet additions in a decade
Murmansk Shipping Company (MSC), the Russian Arctic specialist, is making its first fleet additions in a decade. It has revealed…
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Asia
Hyundai Samho to build LNG-fuelled aframaxes for Sovcomflot and Shell
Hyundai Samho Heavy Industries will be build four LNG-fuelled ice-class aframaxes for Russia’s Sovcomflot. The 114,000 dwt quartet are thought…
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Europe
Bankruptcy claim lodged against Fesco
Another Russian owner is in dire financial trouble. A bankruptcy claim has been lodged in Moscow against Fesco, one of…
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Europe
Firefinch Investment orders tanker at Dajin Heavy Industry
Shanghai Bestway Marine Engineering has announced that its subsidiary yard, Jiangsu Dajin Heavy Industry, has secured a shipbuilding contract from…
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Europe
Maersk Line and the Russian anti-monopoly authority settle case
Today Maersk Line and the Federal Antimonopoly Service of the Russian Federation (FAS) agreed to settle a competition case regarding…
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Europe
Russian port boss accused of embezzling $25m
The head of the Russian port of Ust-Luga has been detained by a court in St Petersburg on suspicion of…
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Europe
Eni sells stake in Egypt’s Zohr gas field to Rosneft
Italian energy company Eni has agreed to sell a 30 percent stake in a giant Egyptian offshore gas field to…
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Europe
Sovcomflot fixes $180m credit with Sberbank
Sovcomflot and Sberbank signed a memorandum of understanding (MOU) yesterday paving the way for a new $180m long-term credit agreement…
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Europe
Sovcomflot ends JV with Swire Pacific Offshore, acquires PSV pair
Sovcomflot and Singapore’s Swire Pacific Offshore have ended a three vessel joint venture established in 2006, resulting in the Russian…
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Europe
NT Bunkering takes small chemical tanker from Finbeta
Tallinn-based NT Bunkering AS, part of the Russian group NT Bunkering, has acquired a small chemical tanker vessel from Italian…
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Europe
Court approves Prisco liquidation
A bankruptcy court in New York has approved Primorsk International Shipping’s (Prisco) liquidation plan, reports say. Prisco filed a voluntary…
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Europe
Baltic tanker trades set for shakeup
Tanker trading patterns in the Baltic are set for a shakeup with news that Russia will stop exporting oil products…
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Europe
DP World eyes Russia with Summa tie-up
Terminal operator DP World and Russian diversified conglomerate Summa Group have signed a Memorandum of Understanding (MoU) to explore investment…
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Europe
Zvezda shipyard to build vessels for Rosneft
The Zvezda shipyard in Russia’s Far East is to begin building vessels for Rosneft this year, with its first deliveries…
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Asia
SCF Group buys two platform supply ships for Sakhalin project
Sovcomflot Group (SCF Group) has bought two multi-purpose icebreaking platform supply vessels (PSVs) from Swire Pacific Offshore that will serve…
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Europe
Iran hands Russian yard $1bn rig order
Russia’s Krasnye Barrikady Shipyard has won a much telegraphed $1bn order to build five drilling rigs for Iran’s Tasdid Offshore…
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