ROMY TRADER

MPC Container Ships (MPCC) has entered into contracts with Taizhou Sanfu Ship Engineering in China for the construction of six 3,700 TEU container vessels scheduled for first delivery in second half of 2028.Each vessel will operate under a 10-year time charter, with extension options, to a top five liner company.The vessels are based on the newest design, which optimizes speed and fuel consumption for regional and feeder trades, while keeping enough flexibility to shift between trade lanes as markets evolve.

Ukraine's navy accused Russia of deliberately attacking a civilian Turkish vessel carrying sunflower oil to Egypt with a drone on Saturday, a day after Moscow hit two Ukrainian ports.In a statement on Telegram, the navy said the vessel was called the Viva and had 11 Turkish citizens on board. It added that nobody was hurt and the vessel was continuing its journey to Egypt."The strike was carried out in the open sea in Ukraine's exclusive economic zone, outside the range of Ukrainian air defence systems," the statement said, accusing Russia of breaching maritime laws.The navy said it was in contact with the ship's captain.

Italian 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, dubbed "F4 Fast Forward Further Future" and expected to be detailed in the first months of next year, forecasts more than 50 billion euros ($58.79 billion) of new orders, particularly in the defence sector."With this plan, we enter a new phase of growth: we strengthen production capacity, increase competitiveness and maintain focus on our core business and operational efficiency

Venezuela'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 said.As Washington's pressure on President Nicolas Maduro grows, the U.S. Coast Guard last week intercepted the vessel Skipper near Venezuela's coast, its first seizure of an oil tanker or cargo from the South American country. The U.S. also imposed sanctions against six ships and their linked companies.By the time the U.S.

Italy'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 moves to gradually increase its defence spending to comply with higher NATO targets, after the alliance members agreed to a U.S. demand to boost their annual defence budgets to 5% of gross domestic product.The programme, to 2039, is aimed at "the maintenance of operational conditions and logistical support" as well as the so-called 'mid-life upgrade' of FREMM-type frigate naval units, the document said.