On Friday, 20 February, Austal Defence Australia and Damen Shipyards Group signed a contract supporting the local construction of Landing Ship Transport (LST) 100 vessels for the Australian Defence Force. Under the agreement, Damen will provide the des…
Damen to Serve as Partner for Construction of LST 100 Vessels for the Australian Army Read More »
Fincantieri announces the acquisition of an order from Viking for the construction of two expedition vessels. In addition, the two companies also signed an agreement for an option for two ocean ships, marking a new milestone in the collaboration betwee…
Fincantieri Secures Viking Order for Two Expedition Vessels Read More »
Russia has been unable to capitalize on this week’s surge in global crude prices, as days of Ukrainian drone attacks and harsh winter storms have sharply curtailed its capacity to export oil, industry sources said.Russia’s Sheskharis oil terminal…
Russian Oil Exports Curtailed By Drone Attacks, Weather Read More »
London’s marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday.Guidance from the Joint War Committee, which comprises syndicate…
London Marine Insurance Market Widens Risk Zone in Middle East Read More »
Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar…
Global Energy Prices Jump as Middle East Crisis Interrupts Shipping, Oil Production Read More »