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Sweden’s navy has confirmed that Russia is mounting a military-style operation in the Baltic Sea to protect its sanctioned shadow fleet, with uniformed and potentially armed personnel observed aboard some oil tankers used to evade Western sanctions on Russian crude exports. According to Sweden’s naval operations chief, the increased activity reflects a more permanent Russian …
https://splash247.com/swedish-navy-flags-armed-guards-aboard-russian-shadow-tankers/
https://splash247.com/swedish-navy-flags-armed-guards-aboard-russian-shadow-tankers/In a major escalation of maritime pressure on Caracas, US president Donald Trump has ordered “a total and complete blockade of all sanctioned oil tankers going into, and out of, Venezuela,” intensifying efforts to squeeze president Nicolás Maduro’s lifeline crude exports. The dramatic declaration, posted on social media and backed by a growing US naval …
Greek tanker newcomer Venergy Maritime has moved to diversify its fleet, placing its first order in the containership segment after an active year in tanker newbuildings. The Piraeus-based owner, led by Vyron Vasileiadis, has signed up for up to four 1,900 teu feeder container vessels at CSSC’s Huangpu Wenchong Shipbuilding. The deal covers two firm …
https://splash247.com/venergy-steps-into-boxships-with-feeder-newbuild-deal-in-china/
https://splash247.com/venergy-steps-into-boxships-with-feeder-newbuild-deal-in-china/U.S. President Donald Trump ordered on Tuesday a "blockade" of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.It…
https://www.marinelink.com/news/trump-targets-venezuelan-oil-exports-533605
https://www.marinelink.com/news/trump-targets-venezuelan-oil-exports-533605Italy's government has asked parliament to approve a 2.4-billion-euro ($2.82 billion) investment over 15 years for the maintenance and modernisation of its frigate fleet, a parliamentary document seen by Reuters showed.The plan comes as Italy…
https://www.marinelink.com/news/italy-approves-b-euro-investment-frigates-533580
https://www.marinelink.com/news/italy-approves-b-euro-investment-frigates-533580Venezuela's state-run company PDVSA is dealing with stuck oil cargoes, rising price discounts and demands from customers to change terms of spot contracts following the U.S. seizure of a ship carrying the OPEC country's crude, traders and sources…
https://www.marinelink.com/news/pdvsa-faces-stuck-cargos-rising-discounts-533581
https://www.marinelink.com/news/pdvsa-faces-stuck-cargos-rising-discounts-533581Italian shipbuilder Fincantieri on Tuesday set a goal of a 40% rise in revenues and a near doubling of core profits in its new five-year plan, expanding to the defence and underwater businesses while keeping its leadership on cruise ships.The 2026-2030 strategy…
https://www.marinelink.com/news/fincantieri-targets-revenue-growth-533582
https://www.marinelink.com/news/fincantieri-targets-revenue-growth-533582Oil prices fell below $60 a barrel on Tuesday, the lowest since May, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased.Brent crude futures fell $1.03, or around 1.7%, to $59.53 a barrel at 1340 GMT, while U.S.
https://www.marinelink.com/news/oil-prices-fall-lowest-may-ahead-possible-533583
https://www.marinelink.com/news/oil-prices-fall-lowest-may-ahead-possible-533583Crowley announced that Jen Leonard has been appointed chief people officer, effective January 1, 2026, leading its enterprise-wide activities to sustain an elite culture and high performance at the maritime, logistics and energy solutions company.As…
https://www.marinelink.com/news/crowley-appoints-jen-leonard-chief-people-533589
https://www.marinelink.com/news/crowley-appoints-jen-leonard-chief-people-533589HII announced that its Newport News Shipbuilding division has reached a significant construction milestone for Virginia-class submarine Oklahoma (SSN 802).Oklahoma is now “pressure hull complete,” which signifies all of the hull sections have joined to form a single…
https://www.marinelink.com/news/hii-marks-oklahoma-submarine-construction-533590
https://www.marinelink.com/news/hii-marks-oklahoma-submarine-construction-533590