By Kateryna Choursina (Bloomberg) -- Ukraine, whose trade links with Russia have been severed by a two-year insurgency in its eastern regions, will strive to offset that loss by becoming a transit hub for shipments from the Persian Gulf, Asia, China to the Scandinavian countries and the Baltics. The government wants to create “comfort and confidence” for businesses and is … [Read more...]
Ukraine Arrests Turkish Cargo Ship Over Crimea Port Call, Threatens Crew With Jail
KIEV, March 27 (Reuters) - Ukrainian authorities have arrested a Turkish-owned cargo ship and detained its captain over a visit it made to a port in Crimea after Russian annexed the peninsula from Ukraine last year. Prosecutors said the Tuvalu-registered 5,095 deadweight tonne ship Kanton was being held in the Ukrainian port of Kherson. They said the crew could go to jail … [Read more...]
Russian Troops Seize Ukranian Navy Vessels
SEVASTOPOL, Ukraine, March 20 (Reuters) - Russian troops took over three Ukrainian warships in Crimea on Thursday, a Ukrainian navy official said, after Moscow's military seizure of the Black Sea peninsula and annexation of the territory. Vladislav Seleznyov, a Ukrainian military spokesman in Crimea, said the Russian forces used stun grenades as they stormed the corvette … [Read more...]
Russian Warship Sunk Off Crimea
The Ukrainian Ministry of Defense released the above image today showing the Russian Navy's Ochakov, a Kara-class cruiser, which was intentionally sunk last night to blockade the Ukrainian Navy ships located in Novoozerne. Russian Federation ships blocking the Ukrainian ships in Donuszlav lake, including the missile cruiser "Moskva," departed just before midnight on 5 … [Read more...]
Ukraine Crisis May Spur Demand for European Floating LNG Re-Gas Terminals
March 6 (Bloomberg) -- Liquefied natural gas suppliers are readying for increased demand from European countries seeking to diversify access to the fuel amid concern about Russian shipments after its military intervention in Ukraine. Hoegh LNG Holdings Ltd. and Golar LNG Ltd. this week predicted gains from the dispute in Ukraine, the transit country for more than 15 percent … [Read more...]