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finance and politics

For Russian business, big dreams in Africa / FOCUS

Moscow - From diamonds and arms to nuclear power and oil, Russia has major business ambitions in Africa, even if it is coming late to the party. Western countries like France and the United States are deeply entrenched in African economies and in recent years China has emerged

shipyard and offshore

Turkey boasts vessel exports

Istanbul - Data compiled from the Transport and Infrastructure Ministry reveal that Turkey has taken significant, eye-catching steps in maritime transport, a strategic sector for global trade. One of the important initiatives was the revival of maritime transport with the removal of excise duty

cruise and ferries

New LNG-hybrid vessels for Seaspan Ferries

Mangalia - Canadian transport provider Seaspan Ferries will be adding two new liquid natural gas (LNG) – battery hybrid ferries to its fleet in 2021. The 149-meter-long vessels will be constructed by Damen Shipyards Gorinchem at their Mangalia Shipyard in Romania, with construction scheduled to begin in 2019

shipyard and offshore

Damen-De Beers pact, focus on Mangalia

Mangalia - On 15 May 2019,Damen Shipyards Group and De Beers Marine Namibia participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel. In February 2019, De Beers Marine Namibia awarded a contract to Damen to build a new crawler diamond recovery vessel

finance and politics

Ukraine enters uncharted new era / FOCUS

Kiev - Ukraine entered uncharted political waters on Monday after near final results showed a comedian with no political experience and few detailed policies had dramatically up-ended the status quo and won the country’s presidential election by a landslide

finance and politics

EU urges new Ukraine leader to push reforms

Brussels - The European Union delivered formal congratulations to Ukraine’s novice president elected on Monday but made clear it expects TV comic Volodymyr Zelenskiy to pursue halting reforms, including fighting corruption


NCSP Group up 5%

Novorossiysk - The aggregate throughput of the stevedoring companies incorporated in Novorossiysk Commercial Sea Port Group made 23.4 mn tons during January-February 2019 growing 4.9% year-on-year. Novorossiysk-based assets of the group handled over 14.1 mn tons

shipyard and offshore

Kerch Strait: 3 Russian shipyards sanctioned

Kerch - Canada, the United States and the EU have imposed new sanctions on Russian entities in response to the Kerch Strait incident, including three shipyards. The sanctions are a response to the encounter between Russian border forces and three Ukrainian Navy vessels at Kerch Strait in November

shipyard and offshore

Russia will build 7 ships and 4 submarines

Moscow - Russia will build a total of seven ships and four submarines for its Navy in 2019, minister of Defense Sergei Shoigú said Tuesday: “The naval construction program … foresees in 2019 the construction of four submarines – three nuclear and one diesel-electric – and the repair of seven warships and auxiliary ships”


ICTSI expands Georgia terminal

Manila - Global port management company International Container Terminal Services has inaugurated the expansion of its Batumi International Container Terminal (BICT) in Georgia


Disappointing factory activity threatens global growth

London - Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth


Moscow extends arrest for Ukrainian seamen

Kiev - A Moscow court has extended the detention of eight Ukrainian seamen whowere among 24 captured by Russian coast guards in the Black Sea. Three Ukrainian vessels and their crews were fired at and seized by the Russians in November


Two dead as coal ship in distress off Turkey

Istanbul - Two people died and another four were missing on Monday after a ship carrying coal sent a distress signal off the northern coast of Turkey, the coast guard and the local governor’s office said. The Panama-flagged vessel, which departed from Russia’s Azov port, sent out a distress signal


Sovcomflot to add three more LNG fuelled vessels

Moscow - Sovcomflot, a pioneer in adopting LNG as the primary fuel for large-capacity oil tankers, placed an order with Russia’s Zvezda shipbuilding complex in late December for three product carriers of 51,000 dwt each that will also use LNG as their main fuel


New opportunities in Ukraine for power plants

Kiev - On 10 December 2018, the Ukrainian President signed Law No. 2628-VIII dated 23 November 2018 “On Amendment to the Tax Code and Certain Other Legal Acts of Ukraine in Relation to Improvement of Management and Revision of Certain Taxes” (the “Law”)


Poroshenko announces end of 30-day martial law

Moscow - Ukraine’s leader has announced an end to the 30-day martial law imposed after Russia seized Ukrainian ships in the Black Sea. Ukraine announced martial law last month after Russian coast guards fired at and seized three Ukrainian ships and their crews


Glogos with Cooperative for Salt Harvester

Constanta - In cooperation with Breakbulk Transportation,Glogos LLC delivered a super-heavyweight salt harvester from Kansas via Port of Houston to the Port of Constanta. To begin the job, Glogos took the 286 T cargo and separated it into 49 pieces