Brazil’s Petrobras to commission 52 vessels by 2026-end in $5.1 billion investment

Brazil’s state-run oil firm Petrobras PETR3 will commission 52 vessels by 2026, investing 29 billion reais ($5.12 billion), said Chief Executive Magda Chambriard during an event on Thursday alongside President Luiz Inacio Lula da Silva. Without providing further details, Chambriard said the firm will ensure up to 65% in local content for the construction of …

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Russian cargo ship captain pleads not guilty in deadly North Sea tanker collision

Vladimir Motin appeared via video link at London’s Central Criminal Court, where he denied responsibility for the presumed death of Filipino crew member Mark Angelo Pernia. The Russian captain of a cargo vessel involved in a fatal collision with a US tanker in the North Sea has pleaded not guilty to a charge of manslaughter …

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