Yamal paves way for Northern Sea Route

The development of Russia’s $27bn Yamal LNG  plant some 600 kilometres north of the Arctic Circle…

Belt and Road gets own shipping index

After a two-year trial the Shanghai Shipping Exchange (SSE) yesterday officially launched a series of indices…

Malaysia looks to Strait of Malacca for slice of Maritime Silk Route action

The Malaysian government is looking for  investors to back its plans to develop a giant new…

Bosphorus Strait reopens as Turkey rushes to reassure investors

Turkish maritime authorities have reopened Istanbul’s Bosphorus Strait to transiting tankers after shutting it for several…

COSCO restructures to create world’s largest oil and LNG tanker fleet

COSCO restructures: China’s COSCO  shipping company  this week merged China Shipping Development Co and the  COSCO…

Shipping industry downturn pushes Cosco into red

Chinese shipping giant Cosco this week reported a net loss of $0.7bn for the first quarter of the…

China eyes up Northwest Passage in threat to Canadian sovereignty

China has declared that it plans to ship cargo through the Northwest Passage, the series of…

Russian ferry operator to launch Vladivostok-Shanghai ferry service

Vladivostok-Shanghai ferry service:The Baltic Sea ferry operator – Russia’s largest – is to launch a new cruise service that will run…

Iran’s oil exports forecast to hit 2m bpd as first tanker docks in Spain

Iran’s oil exports will soon reach two million barrels a day, Economy Minister Ali Tayyebnia forecast…

IRISL and PWL in talks over new German Iranian shipping JV

Islamic Republic of Iran Shipping Lines (IRISL) and Germany’s PWL Group have signed an MoU that opens…

Few takers for Northern Sea Route as shippers stick to what they know

Only 18 ships made use of the Northern Sea Route last year, with analysts suggesting that shipping…

Indian shipyards to get access to long-term loans through status change

Indian shipyards: In a bid to boost the Indian shipping sector, New Delhi is to grant the…

Swiss MSC container ship docks in Iran for first time in six years

The Geneva-based Mediterranean Shipping Company (MSC), the world’s second-largest shipping line, has returned to Iran more…

Zvezda shipyard to get $900m upgrade

The Kremlin yesterday instructed Rosneftegaz to invest $900m in the construction of   new facilities at the former…

Egypt eyes up Russia’s Mistral helicopter carriers

Egypt may end up buying the two Mistral helicopter carriers that were originally destined for Russia,…

Russia partners with Ambani to build frigates for Indian navy

Russia has chosen to partner with Indian  business magnate, investor and philanthropist Anil Ambani’s  Pipavav Defence…

Iran’s IRISL and Tidewater removed from US sanctions list

The Islamic Republic of Iran Shipping Lines (IRISL) and  the country’s leading ports operator, the Tidewater…

Northern Sea Route could be ice-free in 15 years, claims expert

The Northern Sea Route could be  completely free of ice all year round,  The Deputy Director of…

Medvedev signs off plans to develop Northern Sea Route

Prime Minister Dmitry Medvedev last month signed off on plans to increase annual freight traffic through the  Northern Sea Route…

USC to develop two new nuclear-powered submarines

Russia’s state-owned United Shipbuilding Corporation (USC)  last week unveiled plans to build two new classes of nuclear-powered submarines…

Shtorm super-carrier to be unveiled at St Petersburg Defence Show in July

Shtorm super-carrier: Russia’s Krylovsky State Research Center (KRSC) has developed the design for  a new multipurpose…

USC commissions Huawei to manage comms infrastructure

Russia’s United Shipbuilding Corporation USC has commissioned the Chinese multinational networking and telecommunications equipment and services company…

New Caspian Sea ferry complex planned for Mangistau

New Caspian Sea ferry complex: The authorities in Kazakhstan’s  western Mangistau region have announced that they are…

EU sanctions on Iranian shipping companies set to be reimposed

EU sanctions on Iranian shipping companies: Reuters is reporting that the European Union is set to…