US Petrochemical Supply Chain & Logistics Market Overview

Petrochemical Update released their 2018 – State of the U.S. Petrochemical Supply Chain Whitepaper.

Putin: Northern Sea Route's Traffic to Increase Tenfold

Puting forecasts that the cargo traffic along the Northern Sea Route will increase tenfold by 2025.

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Ice Traps Russian Ferry Carrying 127 Passengers

Igor Farkhutdinov, carrying 127 passengers and 42 shipping containers, stuck in thick ice off the coast of Japan.

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U.S., Russia Propose Voluntary Bering Strait Shipping Routes

U.S., Russia proposed a system of two-way routes for vessels to follow in the Bering Strait and the Bering Sea.

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DP World Still Seeking Investment Opportunities in Russia

DP World continues to seek investment opportunities in Russia, but there have been no concrete transactions made so far.

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Northern Sea Route Handles Record 9.7 Mn Tons

The Northern Sea Route handled a record volume of 9.7 million tons of cargo in 2017.

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Rosneft Books Ten Arctic Shuttle Tankers at Zvezda

Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda ...

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Report: Russia to Launch Shipping Service to Syria

Russia is looking to launch a direct shipping service to Syria, Dmitry Rogozin, Russia’s Deputy Prime ...

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Russia's 2nd Nuclear-Powered Icebreaker Tests the Waters

Sibir, the second in a new generation of nuclear-powered icebreakers that will strengthen Russia’s presence ...

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Damen to Open Service Hub in Novorossiysk

Damen Shipyards Group plans to establish a service hub in the Russian port of Novorossiysk as it has signed a ...

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Korea, Russia Look to Cash In from Northern Sea Route

Russia and Korea are working to bolster their maritime ties, especially as they eye the benefits of shipping ...

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Russia’s Demand for Nuclear Icebreakers to Be Determined

The Center for Strategic Development will evaluate Russia’s demand for next-generation super-heavy ...

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Russia Ordered to Pay USD 6.2 Mn for Seizing Greenpeace Ship

An international tribunal has ordered Russia to pay EUR 5.39 million (USD 6.2 million) in damages to the ...

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China, Russia Team Up on Ice Silk Road

China and Russia have reached an agreement to jointly build an “Ice Silk Road” along the Northern Sea ...

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MOL Clinches Deal for Yamal LNG Carrier Quartet

Japanese shipping major Mitsui O.S.K. Lines has signed a contract to build and charter four liquefied natural gas ...

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Tanker Headwinds Push Down SCF’s Q1 Profit

Tanker market’s slowdown has slashed SCF Group’s net profit to USD 39.9 million during the first ...

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Seven Missing after Ship Sinks in Black Sea

Up to 7 crewmembers remain missing after the Panama-flagged general cargo ship Geroi Arsenala sank in the Black sea ...

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Northern Sea Route's Traffic Volume Set to Triple by 2020

Commercial shipping in the Arctic will undoubtedly continue to grow strongly, according to Evgeny Ambrosov, Senior ...

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SCF Group's Net Profit Falls amid Soft Spot Tanker Rates

PAO Sovcomflot (SCF Group), Russia’s largest shipping company, reported a net profit of USD 206.8 million for 2016, ...

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Sovcomflot's Privatization Not Expected Before May

The privatization of the Russian shipping major Sovcomflot will not be carried out before May, 2017, Russia’s ...

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Maersk Line Settles Competition Case with Russia’s FAS

Danish boxship giant Maersk Line has reached an agreement today with the Federal Antimonopoly Service of the ...

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Krasnoye Clinches Orders for Five Tankers and Five Bulkers

Krasnoye Sormovo Shipyard, a part of Russia’s United Shipbuilding Corporation, has signed agreements to ...

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