The Murmansk Shipping Company is towing the hull of the Hutton TLP from Murmansk to the Gulf of Mexico. Meanwhile, the topsides of the formerly British platform is to be applied by Gazprom in the Prirazlomnoe project in the Barents Sea. The towing operation from Murmansk to Mexico is conducted by the Murmansk Shipping Company for the Gazprom subsi...
A new research vessel is to be built by Admiralty Shipyards (St. Petersburg) by 2011 for Arctic and Antarctic research. The oldest shipyard has won a tender, Arctic and Antarctic Research Institute (AARI) reports according to Gudok. The tender was initiated by the Federal Service for Hydrometeorology and Environmental Monitoring. The government c...
Holding company Israel Corp said on Thursday it would be prepared to inject $150 million if need be into its subsidiary Zim Integrated Shipping Services during 2009. The company's willingness in principle is in light of the conditions in the shipping industry and international credit markets and their impact on Zim, Israel Corp said in a statement to...
Bermuda plans to build a second cruise ship pier in the island's western region to accommodate large ships. The government says it hopes the multimillion dollar project will transform an old naval town into a new tourism hub. The government said this week that it has signed an agreement with a local developer. Dockyard was chosen because it a...
The Norwegian Government unveiled a package of measures on Sunday intended to boost export-created jobs by boosting Guarantee Institute for Export Credit (GEIK) by up to NOK 50 billion (about $7 billion) to NOK 110 billion (about $15.3). The government proposes to expand the system of guarantees for building ships to NOK 8 billion (about $1.1 billion...
Participants of international project LogOn Baltic have published a report on “State of Logistics in the Baltic Sea Region” survey, PortNews IAA correspondent reports from LogOn Baltic conference held in St. Petersburg today. The survey was aimed at improvement of logistics efficiency in the Baltic Sea region. It contains data about expenses, outsourci...
Russia's Neustrashimy (Fearless) missile frigate will continue protecting commercial vessels from pirate attacks off the Somali coast for another month, a senior officer on board the ship said on Friday according to RIA Novosti. In October, Russia dispatched the Neustrashimy from its Northern Fleet to Somalia's coast to protect shipping in the country...
The Norwegian shipping company Viken Shipping confirms that it has bought five bulk carriers from the bankrupt shipping company Britannia Bulk, Lloyds List reports. The price for the five vessels is not disclosed but according to brokers, Viken Shipping paid in total USD 77 million for three panamax and two handymax vessels. The price is among the lo...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi