Coastal News

Inland waterway shipping company HGK Shipping acquired the remaining 60% of BeKa HGK GmbH as of December 14, 2022, a strategic decision that the company says "significantly intensify its business activities on the Upper Rhine, Danube and Mosel rivers in its dry shipping division." The previous co-shareholder, Monique Hezel-Reyntjens, will continue to manage the business of BeKa HGK. With the takeover, BeKa HGK is assigned to the dry shipping corporate division within HGK Shipping.

Russia is considering banning foreign vessels from shipping Russian energy cargoes via the Northern Sea Route, as well as from icebreaking and coastal navigation, the Kommersant newspaper reported on Tuesday citing a draft government resolution.The step, proposed by the Industry and Trade Ministry, would restrict vessels built outside Russia on the Northern Sea Route that Moscow wants to become a major shipping lane as the Arctic warms at a faster rate than the rest of the world.The ministry did not immediately respond to a request for comment.Kommersant reported that the ministry on Nov.