Unbiased AI-powered news
Fayard shipyard in Denmark remains the only EU facility servicing Arc7-class LNG carriers from Novatek’s Yamal LNG terminal. Six of 15 such vessels are scheduled for repairs there this summer.
bbc.co.ukCom reported on June 1, 2026, citing the Financial Times and the NGO Urgewald. According to Urgewald data, the shipyard is providing dry dock services to Arc7-class LNG carriers designed for Arctic waters. Six of the 15 Arc7 carriers currently in operation are scheduled to receive repairs at Fayard this summer.
The Danish government opposes the repairs. The Arc7 carriers are not yet under sanctions, which are scheduled to take effect at the start of 2027. Fayard serviced five Russian LNG carriers in the previous year.
A ban on Russian gas exports to the European Union is also set to begin at the start of 2027. The EU is phasing in LNG sanctions gradually, starting with long-term contracts at the beginning of 2027 and extending the ban to spot market purchases six months later. The sanctions package was debated for more than a month after it was first presented.
Slovakia, Hungary, and Austria were holdouts during the debate, seeking assurances that energy costs would not spike without Russian energy. The EU is currently drafting its 21st sanctions package against Russia. The bloc imported 91 cargoes from Yamal LNG between January and April 2026.
2% higher than in the same period of 2025.
Single source — no framing comparison available.
EuronewsApple surpassed Nvidia during intraday trading to become the world's most valuable company with a $4.88 trillion valuation. Nvidia shares fell as much as four percent during the session before recovering.
Iran's Revolutionary Guards said they stopped four tankers attempting to transit the Strait of Hormuz in a combined missile and drone operation. Two oil tankers exploded after hitting mines, the Guards stated.
foodbusinessnews.netTaco Bell finished pulling affected Taylor Farms lettuce from all U.S. restaurants on July 17. Taylor Farms de Mexico also began removing iceberg lettuce from central Mexico from the U.S. market after receiving information from officials.