STX Group $1B Deal with Russian Shipyard
According to a report from the AFP, South Korean shipbuilding and shipping conglomerate the STX Group said Monday it has signed an initial deal to build a $1 billion shipyard in Russia.
Source: AFP
Related News
13 Jul 2026
Kongsberg Maritime to Acquire Berg Propulsion
Norwegian maritime technology company Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion…
13 Jul 2026
Oil Jumps 3% on Renewed US-Iran Conflict
Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns…
10 Jul 2026
Prices for Iranian Oil Stranded at Sea Surge
Iranian oil supplies at sea are rising after Tehran ramped up exports during the interim peace deal with the United States…
10 Jul 2026
Saipem, Subsea 7 Undergo EU Antitrust Investigation
Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 is set to face a full-scale EU antitrust investigation…
Sponsored Content
Corrosion-Free Motion for Yacht Lift Systems
Maintenance-free lift and crane systems built with igus® energy chains and guides
Compliance, Performance, and Safety: Why Fleet Management Needs an Integrated Foundation
Maritime operators need fleet management technology that connects maintenance, procurement, compliance, and safety workflows rather than adding more complexity.
