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One of the important initiatives was the revival of maritime transport with the removal of excise duty Mangalia - Canadian transport provider Seaspan Ferries will be adding two new liquid natural gas (LNG) – battery hybrid ferries to its fleet in 2021.

The 149-meter-long vessels will be constructed by Damen Shipyards Gorinchem at their Mangalia Shipyard in Romania, with construction scheduled to begin in 2019 Mangalia - On , Damen Shipyards Group and De Beers Marine Namibia participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel.

Russia hasn’t built vessels of such class for more than 60 years.

VARD recorded a revenue of NOK 2.01 billion in 3Q 2017, up 33% Mangalia - Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the acquisition of its majority share in Daewoo Mangalia Heavy Industries (DMHI) Sofia - Balkan neighbours Bulgaria and Romania aim to build a second bridge overthe Danube, connecting Bulgaria’s Ruse and Romania’s Giorgiu in an attempt to improve infrastructure connectivity in the region and attract more foreign investment Ankara - Turkish President Tayyip Erdogan is encouraging businesses to borrowand spend to power the economic growth that has underpinned his long rule.On Tuesday, the Port System Authority of the Ionian Sea, whose president is Sergio Prete, acknowledging the “preliminary positive evaluation by the Permanent Internal Commission” Moscow - Vladimir Putin has created a new directorate inside the Russian army to promote patriotism, evoking memories of a Soviet practice that once saw soldiers taught the precepts of Marxism and Leninism by political commissars Brussels - The European Union has imposed asset freezes on six Russian firms for their involvement in the construction of a new road-and-rail bridge linking Russia to the annexed Crimean peninsula, which the bloc says is illegal Mangalia - To signify its first day of operations at Damen Shipyards Mangalia in Romania, Damen held a modest ceremony at the yard on Monday, July 23rd.The celebrations mark Damen’s successful completion of the transaction with Daewoo Shipbuilding Marine Engineering (DSME) for the Mangalia shipyard Tbilisi - Hong Kong and Georgia have signed a free trade agreement (FTA) which will provide legal certainty and boost market access and investment flow between the two countries.Three Ukrainian vessels and their crews were fired at and seized by the Russians in November Istanbul - Two people died and another four were missing on Monday after a ship carrying coal sent a distress signal off the northern coast of Turkey, the coast guard and the local governor’s office said.The Panama-flagged vessel, which departed from Russia’s Azov port, sent out a distress signal Moscow - Sovcomflot, a pioneer in adopting LNG as the primary fuel for large-capacity oil tankers, placed an order with Russia’s Zvezda shipbuilding complex in late December for three product carriers of 51,000 dwt each that will also use LNG as their main fuel Kiev - On 10 December 2018, the Ukrainian President signed Law No.

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