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By John Helmer, Moscow From the affairs of the state-owned United Shipbuilding Corporation (USC), once chaired by Igor Sechin and run by his protégé Roman Trotsenko, much of significance flows, if not a great many new ships. And if it weren’t for the significance of those two names, not much would follow from the case [...]

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By John Helmer, Moscow A Russian declaration of war and the despatch of troops to secure the Crimea would be very serious things, if they materialized. The Financial Times reporter, Kathrin Hille (image), is the only person in the entire world who claims to have been told by “a senior government official”: “If Ukraine breaks [...]

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By John Helmer, Moscow If Ziyavudin Magomedov hadn’t persuaded a Moscow business newspaper to report yesterday that he is in negotiations with Rosneft, world’s largest publicly traded oil producer, the news that Vitol, world’s largest oil trader, has abandoned a 3-year old venture to build a new Rotterdam oil terminal with Magomedov would have been [...]

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By John Helmer, Moscow Interpipe, the heavily indebted Ukrainian pipemaker owned by Victor Pinchuk (left foreground), has defaulted on its pledge to list its Eurobonds on the Luxembourg Stock Exchange by December 27, a notice from Deutsche Bank, the bond trustee, has revealed. This is Pinchuk’s second default in two months. On November 1, Interpipe [...]

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By John Helmer, Moscow According to Colin Russell, an Australian who was the radioman on board the Greenpeace vessel, Arctic Sunrise, he’s “a good man”. Arrested by Russian coast guards after barricading himself in the radio room on September 19, he was imprisoned in Murmansk and St. Petersburg, until he was granted bail and released [...]

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By John Helmer, Moscow By releasing on bail all but one of thirty Greenpeace protesters charged for an attack on the offshore Russian oil platform Prirazlomnaya in September, Russian prosecutors and a St. Petersburg court have pre-empted and defeated Greenpeace and the Dutch Government. Greenpeace and the Dutch had applied for “provisional measures” from the [...]

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By John Helmer, Moscow Russia’s state-owned tanker company Sovcomflot has reported third-quarter and nine-month financial results showing that it continues to lose fleet operating revenues and run at a loss. In the nine months to September 30, the company says its time-charter equivalent (TCE) revenues were $657.2 million, down 1.6% on the same period of [...]

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By John Helmer, Moscow While the Greenpeace organization has been drawing worldwide attention to pending charges of a pirate attack against the Prirazlomnaya oil platform in the Barents Sea, Russian prosecutors and the Russian Navy reveal they have abandoned the prosecution of piracy threatening Russian vessels in the Indian Ocean off the Horn of Africa. [...]

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By John Helmer, Moscow New evidence has surfaced from the Russian state shipping company Sovcomflot showing that the current chief executive Sergei Frank ordered the company’s lawyers to continue their attempts to prosecute his predecessor Dmitry Skarga in the London and Moscow courts, while telling the General Prosecutor in Moscow they were dropping their case [...]

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By John Helmer, Moscow The Supreme Court, the UK’s highest court of appeal, has dismissed an application from Sovcomflot, the state-owned Russian shipping group, to appeal against earlier judgements in favour of former chief executive, Dmitry Skarga (right). A three-judge panel issued its ruling on October 29, saying Sovcomflot’s application “does not raise an arguable [...]