2017 April 18
Despite alliance, Russian shipper holds Venezuela oil hostage over debts
the owner of the tanker, the Russian state-owned shipping conglomerate Sovcomflot, held the oil in hopes of collecting partial payment on $30 million that it says PDVSA owes for unpaid shipping fees...
Russia's biggest Arctic transport company expands its cargo fleet
The Murmansk Shipping Company (MSC), the biggest cargo transport company in the Russian Arctic sector, for the first time in recent ten years purchased a new vessel for its fleet...
Russia plans large nuclear transport vessel with an unclear mission
Russia has announced plans to build an enormous ice-class ship to ferry nuclear waste and spent nuclear fuel from points along the Northern Sea Route...
Bangladesh explores economic tie-up with Leningrad Region
Bangladesh, which celebrates the 45th anniversary of the establishment of diplomatic relations with Russia this year, is exploring a wider economic tie-up with the Leningrad Region...
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