From Compliance to Capability in Environmental Performance
Shipping is no stranger to regulation. New requirements come into force, procedures are updated, training is arranged and vessels adapt. It is a cycle our industry knows very well.
Industry News
Batavia Arrives at Damen Shiprepair Amsterdam for Preservation Project
[By: Damen Shipyards Group] On 19 September, the Batavia – a 56-metre replica of the original 17th-century vessel of the same name, arrived at Damen Shiprepair Amsterdam (DSAm).
Russia Seeks $2.35B From Exporters to Build Arctic Icebreakers
Russia plans to raise more than RUB200 billion ($2.35 billion) from exporters to finance the construction of icebreakers for its Arctic sea route, according to a draft government decree published this week.Russia is seeking additional sources to finance the development…
Yanbu Tanker Loadings yet to Resume Despite Saudi Pipeline Restart
Saudi Arabia is building up crude pumping volumes through its East-West Pipeline that runs to its Red Sea export hub of Yanbu, although crude tanker loadings have yet to resume, according to industry sources, satellite imagery and shipping data.Saudi Arabia…
After Years of Sanctions and Delays, Rosneft’s Massive Arctic Oil Project Begins Exports
Russia has begun commercial oil exports from Rosneft's Vostok Oil, its vast Arctic development that Moscow is counting on to lift crude production following years of delays and sanctions.The launch comes as Russia looks for new sources of production growth…
OCCAR Awards $4.2B Contract for Two New Italian Navy Destroyers
A joint venture between Fincantieri and Leonardo has signed a contract with the European procurement agency OCCAR worth around €3.7 billion ($4.21 billion) to supply two new generation DDX destroyers for the Italian Navy.The contract is worth approximately €1.8 billion…