MOSCOW, Sept 23 (Reuters) - The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. Associations belonging to the International Group of P&I Clubs, including the Shipowners' Club and the London P&I Club, said in a circular on Monday … [Read more...]
Russian Navy Vessel and Container Ship Collide in Danish Waters
COPENHAGEN, Sept 23 (Reuters) - A Russian navy vessel collided with a Swiss-owned container ship in Danish waters on Wednesday near the Oresund Bridge linking Denmark and Sweden, Danish defence authorities told Reuters. The Ice Rose, which was sailing from St. Petersburg in Russia to Gothenburg in Sweden, collided with a Russian frigate early on Wednesday morning, a … [Read more...]
Russia: World’s Most Powerful Nuclear-Powered Icebreaker Headed to Arctic
MOSCOW, Sept 22 (Reuters) - A nuclear-powered ice breaker Russia says is the world's largest and most powerful set off on Tuesday on a two-week journey to the Arctic as part of Moscow's efforts to tap the region's commercial potential. Known as "Arktika," the nuclear icebreaker left St. Petersburg and headed for the Arctic port of Murmansk, a journey that marks its entry … [Read more...]
International Lenders Back $9.5 Billion Financing for Russia’s Arctic LNG 2
By Simon Jessop LONDON, Sept 18 (Reuters) - International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns. The $21 billion project, which received final investment approval a year ago, is expected … [Read more...]
Russian Joint Venture Orders 10 LNG Carriers for Arctic LNG 2 Project
A joint venture involving Russian firms SCF Group and NOVATEK has placed an order for 10 icebreaking LNG carriers to support the Arctic LNG 2 project along the Northern Sea Route. In total, contracts have now been signed for 15 Arc7 LNG carriers to support the project, including shipbuilding, financing, lease, and time charter contracts. For the latest 10 vessels, … [Read more...]