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…
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…
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…
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…
Stena Line has placed an order for two new hybrid Ro-Pax ferries in a series for delivery beginning in 2030. The 214.5-metre-long vessels will belong to the same series as Stena Estelle, which was delivered in 2022 following completion at…
Van Oord has officially revealed the names of its two new flexible fallpipe vessels.Vindnes and Vestnes are scheduled for delivery in 2028 and 2029, respectively. Van Oord said the purpose-built vessels will strengthen its subsea rock installation capabilities and support…
