The development of Russia’s $27bn Yamal LNG plant some 600 kilometres north of the Arctic Circle…
Topic: shipping & shipyards
News about shipping companies, shipyards, new orders in Russia, Azerbaijan, Kazakhstan and Central Asia
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…
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…
Russian shipbuilding contracts should all go to domestic companies, says Minister
Russian shipbuilding contracts: Russia should create a centralised system for the procurement of both military craft…