Finnish broadcaster YLE reports that the Finnish Ministry for Foreign Affairs has denied Helsinki Shipyard an export license for an icebreaker on order for Russian mining firm Norilsk Nickel. Norilsk Nickel is
Wärtsilä Corporation is to write-off approximately EUR 200 million (about $217 million) related to assets and business operations in Russia. A statement released by the company today says: “Wärtsilä strongly condemns the
A large part of the world’s ship chartering and sale & purchase business is negotiated at some stage by members of the London-based Baltic Exchange, the world’s oldest shipping market. Today, the
Spain’s Guardia Civil today executed a Spanish court order freezing the motor yacht Tango, a 255-foot luxury yacht owned by sanctioned Russian oligarch Viktor Vekselberg. The Tango (IMO number 10107030 is believed to be worth approximately
The American Bureau of Shipping (ABS) has joined the growing list of classification societies withdrawing services to Russian-linked entities. The society says that “after careful consideration of the situation in the Ukraine
As Russian aggression in Ukraine continues, more organizations are continuing to cease providing services to Russian-controlled entities. Today, classification society Lloyd’s Register (LR) said it is disengaging from provision of all services
Finland’s Archtech Helsinki Shipyard is to get a new ownership and a new name. The yard’s efforts to win new orders have been severely hampered by the fact that it is currently
FEBRUARY 26, 2018 — The latest U.S. sanctions on North Korea are aimed at disrupting shipping and trading companies and vessels to further isolate the regime and advance the U.S. maximum pressure
FEBRUARY 9, 2017 — Dubai headquartered GAC reports that Yamal LNG, one of the world’s largest and most complex LNG projects, has appointed GAC Russia to manage its fleet of ice breaking
NOVEMBER 22, 2017 — As part of U.S. efforts to disrupt North Korea’s funding of its nuclear and ballistic missile programs, the U.S. Department of the Treasury’s Office of Foreign Assets Control
