2017 April 4
Rosneft, Lamor to develop Russian Arctic oil spill capability
Rosneft has signed a cooperation agreement with Lamor Corp. at the IV International Arctic Forum in Arkhangelsk, Russia...
Russia Building World’s Largest Nuclear Powered Icebreakers
The first of three new nuclear powered icebreakers developed and built by Russia -- the largest and most expensive ever built -- will be commissioned in 2019...
Trade Port Posiet Named 2016 Best Stevedore Company
In the Industry Leader contest conducted by the Federal Sea and River Transport Agency, Trade Port Posiet AO won the Best Stevedore Company (Sea) nomination...
FESCO improved transit time between Russian Far East and China
The transport group FESCO reduced the transit time of cargo delivery between the ports of the Far East of Russia and the ports of China via the regular FESCO China Direct Line...
2018 March 14
Amid the global freight market’s stagnation lasting for several years, its tanker segment showed a severe plunge in 2017. In February-March the largest global shipping companies posted considerable losses of the past year. The situation is expected to improve in 2018-19 though long-term forecasts are vague due to instability of the global oil market.
Finances’ downward pressure
Amid the global freight market’s stagnation lasting for several years, its tanker segment showed a severe plunge in 2017. In February-March the largest global shipping companies posted considerable...Finances’ downward pressure