News · CafeF

Russia Rapidly Builds 14,210-Tonne Deep-Sea 'Fortress': Sending '14 Billion Rubles' to Sea on a Strategic Mission

Russia's Ministry of Industry and Trade has proposed an extra 6.4 billion rubles to complete the Viktor Gavrilov super fishing ship at the Yantar shipyard in Kaliningrad, raising total costs to about 14 billion rubles (around USD 166 million), double the original 7 billion-ruble contract. The 121-metre vessel displaces 14,210 tonnes, carries 148 crew, and was ordered by the V.I. Lenin Fishing Cooperative in the Russian Far East; once completed, it will operate in the Northwest Pacific as a floating seafood processing plant. Construction began in 2019 with delivery planned for 2023, but it was delayed; as of October 2026, progress reached 57% according to one source, following its launch on January 31, 2025. Under a quota program started in 2017, 105 ships have been contracted, with 56 delivered before July 2026.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Nga thần tốc đóng pháo đài biển sâu trọng tải 14.210 tấn: Đưa '14 tỷ rúp' ra khơi làm nhiệm vụ chiến lược

Read the original on CafeF ↗

Related news

  • India urges Russia , Ukraine to protect Black Sea shipping | Hellenic Shipping News Worldwide

    India has urged both Russia and Ukraine to ensure safe passage for commercial shipping in the Black Sea, as attacks on merchant vessels endanger Indian seafarers and threaten vital food and energy supplies. India makes up more than 12% of the global seafaring workforce, with 311,936 maritime professionals according to a 2026 industry report. The Turkish-owned MV Royad Mammadov, carrying Ukrainian grain, sank after an attack that killed two crew members; its three Indian nationals survived and were taken to Romania for treatment. The Liberian-flagged tanker Aframax Rio was also attacked off Russia's coast near Sochi, but all 23 Indians aboard were rescued. A former Indian diplomat said any firm guarantee depends on a broader halt to hostilities at sea, while Lekha Chakraborty warned that prolonged disruption would raise India's import bill.

    hellenicshippingnews.com·
  • India Seeks Black Sea Shipping Guarantees From Russia and Ukraine - Novinite . com

    India has called on Russia and Ukraine to guarantee safe passage for commercial vessels in the Black Sea, as attacks on merchant ships endanger Indian seafarers and essential food and energy supplies. An industry report cited says India has 311,936 maritime professionals, over 12% of the global seafaring workforce. The Turkish-owned MV Royad Mammadov, carrying Ukrainian grain, caught fire and sank after an attack, killing two crew members and injuring three Indian nationals, while Ukraine's president accused Russia of the strike. Separately, all 23 Indian nationals aboard the Liberian-flagged tanker Aframax Rio were rescued after an unmanned-vessel attack off Russia's coast near Sochi. The proposal comes as US President Donald Trump announced an 'energy ceasefire' whose scope and mechanism remain unclear, and analysts say a broader Black Sea deal would need stronger commitments.

    novinite.com·

Related markets

Currencies →Gold →

Latest news

  • Meta Earnings: What To Look For From META

    Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.

    Yahoo Finance·• METAMETAearningstech stocks
  • An AI bust could come from places investors arent watching , an economist says

    Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.

    aol.com·▼ NVDA▼ QQQAI investmentartificial intelligenceNVDA
  • Yen jumps after JGB auction draws big demand , euro finds relief

    The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.

    aol.com·▼ USD/JPY▼ DXY▲ EUR/USDbondsexchange ratesJapan
  • Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low

    Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.

    dailymail.com·• GBP/USD
  • CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet

    U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.

    CNBC·▲ QQQ▲ SPY▲ NVDA• VNINDEXtech stocksAsiaNVDA
  • NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook

    NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.

    Yahoo Finance·NIdividendselectricity

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.