Exports of Russia's flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an EU embargo on Russian oil took effect, according to traders and Reuters calculations.Traders said Russia…

Canadian shipping company Algoma Central Corporation on Thursday announced it has acquired two 18,894 dwt product tankers. Built in 2007, the sister ships were purchased to prepare for the coming replacement of two older vessels in the company’s…

At the Remontowa Shipbuilding S.A. shipyard, a handover and acceptance protocol for the third in a series of modern mine destroyers – the ORP Mewa vessel for the Polish Navy – was signed on Wednesday.The ship was built by a consortium comprising the leader…

Italian oil giant Eni has signed a contract with China's Wison Heavy Industry for the construction and installation of a Floating Liquefied Natural Gas (FLNG) unit with a capacity of 2.4 MTPA (million tons per annum). The FLNG will be deployed…