President Vladimir Putin on Tuesday touted Russia's Arctic power at a flag-raising ceremony and dock launch for two nuclear-powered icebreakers that will ensure year-round navigation in the Western Arctic.Presiding via video link from the Kremlin at the launch ceremony in the former imperial capital of St Petersburg in northern Russia
Russia is to spend almost 1.8 trillion roubles ($30 billion) on the Northern Sea Route development project up to 2035, according to a document uploaded to the government's website.The document said the sea route, which is being facilitated by reduced sea ice as a result of climate change, is "a very important transport corridor, of both national and global significance".
The Johan Castberg FPSO arrived in Norway on Friday onboard the world’s largest transport vessel Boka Vanguard owned by Boskalis.The vessel reached Norway after a long journey from Singapore, where it was built by Sembcorp Marine. The vessel departed Singapore in mid-February.Upon final completion at Aker Solutions' yard in Stord
Several hundred mines have drifted into the Black Sea after breaking off from cables near Ukrainian ports, Russia's main intelligence agency and shipping market participants said.The Black Sea is a major shipping artery for grain, oil, and oil products."Due to storm weather, the cables connecting the mines to anchors were broken," Russia's Federal Security Service (FSB)
The world’s most famous luxury yacht is operating an advanced BIO-SEA ballast water treatment system from France’s BIO-UV Group.Christina O, the 1943-built motor yacht named after the only daughter of Greek shipping magnate Aristotle Onassis, was fitted with a low-flow BIO-SEA system last year as part of a major refurbishment at the D.K Fotinakis yard, in Greece.
The International Maritime Organization (IMO) will convene a special meeting next week to discuss the risks to seafarers and ships in the Black Sea and Sea of Azov after Russia’s invasion of Ukraine, the UN’s shipping agency said on Friday.Over 15 countries earlier this week called for an IMO meeting as concerns grow for the safety of ships and their crews amid ships being damaged by projectiles.
When Russia attacked Ukraine, the nearest naval vessel of a major NATO ally was in the Mediterranean. The last such ship from a major naval member of the Western military alliance left the Black Sea – an area roughly the size of California bordering Russia, Ukraine and NATO members Turkey, Bulgaria and Romania – over a month ago.
Tanker operator AET announced it has named its new dual-fuel very large crude carrier (VLCC) Eagle Valence.Named during a virtual ceremony at Samsung Heavy Industries (SHI) in Geoje, South Korea, the 300,000 dwt newbuild is the first of two liquefied natural gas (LNG) dual-fuel VLCCs being built for long-term charter to Chartering and Shipping Services SA
Singapore's Sembcorp Marine has delivered the Norwegian Barents Sea-bound Johan Castberg FPSO to Equinor. The FPSO has set off for Norway, loaded aboard Boskalis' Boka Vanguard semi-submersible heavy transportation vessel.Johan Castberg is Sembcorp Marine’s first EPC newbuild FPSO.
Russian warships entered the Barents Sea on Wednesday to rehearse protecting a major shipping lane in the Arctic, its Northern Fleet said on Wednesday, as Moscow stages sweeping military exercises involving all of its fleets.Russian military moves are being closely watched by the West at a time when a troop build-up near its border with Ukraine has sparked fears of a conflict.
According to Rystad Energy research, the market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic's effect in 2021, driven mostly by Brazil demand, and is predicted to continue apace in 2022, with 10 new awards expected.Two lease contracts were awarded in the fourth quarter of 2021
Students from the U.S. Merchant Marine Academy (USMMA) are set to resume at sea training with new safety measures in place following a temporary pause due to sexual assault and harassment concerns. The U.S. federal maritime academy’s Sea Year training program, which typically consists of a sailing period during a cadet’s sophomore year and a longer sailing period during a cadet’s junior year