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Norway considers historic oil cuts

For the first time in nearly 20 years, Norway could be about to lower its oil output. This occurs at a time when the country was otherwise expected to increase production.

Russian company to invest USD 7 billion in container ships

State-owned Russian nuclear company has presented a plan for several banks to invest billions of dollars in, among other things, container shops, in an effort to become one of the world's largest shipping companies. The Northern Sea Route plays a key part in the business plan, reports Russian media.

EU blacklists major Russian shipyard due to Crimea conflict

JSC Zaliv Shipyard, a major Russian yard that builds both container ships and tankers, has now been added to the EU's sanction list because it participated in the construction of the Kerch bridge to the annexed Crimea penninsula. This is the first time a yard has been added to the list.

Tanker sets new record on the Northern Sea Route

Sovcomflot's huge LNG tanker vessel Christophe de Margerie (photo) has set a new time record for sailing north of Russia in July from the Yamal Peninsula to the Bering Strait without assistance from ice-breakers.

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