Metals miner Nornickel said it will participate in the design and building of Russia's first dual-fuel liquefied natural gas (LNG) and diesel icebreaker to prepare for more capacity in the environmentally sensitive Arctic region.Russia, which has a fleet of nuclear-powered icebreakers
When Cambodian officials commemorated the start of the country's first oil project in June by preserving the first drops of production at a high-profile ceremony, they heralded the country's emergence as a budding oil exporter at the heart of Asia.But instead of reaping royalties, Cambodia's government has filed a theft complaint against the crew of the tanker that stored the crude
Divers have discovered rare remains of a military vessel in the ancient sunken city of Thônis-Heracleion—once Egypt's largest port on the Mediterranean—and a funerary complex illustrating the presence of Greek merchants, the country said on Monday.The city, which controlled the entrance to Egypt at the mouth of a western branch of the Nile
Boarders have left a tanker that maritime sources had said was seized off the coast of the United Arab Emirates and the vessel is safe, Britain's maritime trade agency reported on Wednesday.Three maritime security forces had told Reuters on Tuesday that the asphalt/bitumen tanker Asphalt Princess had been seized by suspected Iranian-backed forces, which Iran denied.
A cyber attack has disrupted container operations at the South African port of Cape Town, an email seen by Reuters on Thursday said.Durban, the busiest shipping terminal in sub-Saharan Africa, was also affected, three sources with direct knowledge of the matter told Reuters.Cape Town Harbour Carriers Association said in an email to members
Israeli defense officials were checking whether Iranian forces were behind a possible attack on a cargo ship under partial Israeli ownership on Saturday on its way from Jeddah to the United Arab Emirates, Israel's N12 Television News reported.The crew was not hurt and the ship, possibly hit by a missile, was not badly damaged and continued on its journey after the incident, N12 said
The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 2.6 kilometer-long portion of the pipeline, which had been stalled by the threat of U.S. sanctions."We have completed this work," the consortium said in an emailed statement, referring to the pipe-laying in the German economic zone.
CMA-CGM, the world's fourth-largest container shipping line, has told customers it will not take bookings for cargo due to arrive at ports in southern China over several weeks in early 2021 due to a suspension of service by feeder operators.Feeders collect containers from smaller ports and take them to terminals where they can be loaded onto large vessels.
Offshore wind is expanding rapidly, and as turbine and project sizes grow, demand for specialized installation vessels will soar, Rystad Energy said Thursday, however, warning that the boom might lead to a shortage of offshore wind installation vessels."The market for vessels capable of installing large offshore wind components is quickly being outpaced by growing demand from the global
While there is no consensus on what will be the maritime 'fuel of the future', developers across the world are for the first time testing the use of hydrogen to power ships as the maritime industry races to find technologies to cut emissions and confidence grows the fuel is safe to use commercially.
Around midnight on February 23, Eulalio Bravo, a marine electrician, was dozing in his rack aboard the San Ramon, an oil tanker anchored off the coast of Venezuela.Suddenly, he heard footsteps pounding along the passageway outside. His captain, Jaime Herrera, cried for help."Be still!" an unfamiliar voice ordered.A gun fired.
Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).