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Russia Ramps Up Arctic Oil Shipping to a New Record
By Julian Lee (Bloomberg) — Russia has already dispatched a record amount of oil through its section of the Arctic Circle this year, expediting cargo deliveries to China in what is...
Samsung Heavy to Build Another Five Boxships
Newbuild containership, image: Samsung Heavy Industries
In an exchange filing today, Samsung Heavy Industries announced the winning of an order from an unidentified European shipowner for five new, 14,400TEU containerships at a total cost of KRW 621 billion ($583.24 million).
The ships are planned for delivery by the end of September 2016.
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