Peter Graff News

A Houthi missile attack killed three seafarers on a Red Sea merchant ship on Wednesday, U.S. Central Command (CENTCOM) said, the first fatalities reported since the Iran-aligned Yemeni group began strikes against shipping in one of the world's busiest trade lanes.The Houthis claimed responsibility for the attack, which set the Greek-owned, Barbados-flagged ship True Confidence ablaze around 50 nautical miles off the coast of Yemen's port of Aden.In an earlier message on X responding to the Houthi claim, Britain's embassy wrote: "At least 2 innocent sailors have died.

Two seafarers were killed in a Houthi missile attack on a Red Sea merchant ship on Wednesday, British and U.S. officials said, the first fatalities reported since the Iran-aligned Yemeni group began strikes against shipping in one of the world's busiest sea lanes.The Houthis claimed responsibility for the attack, which set the Greek-owned, Barbados-flagged ship True Confidence ablaze around 50 nautical miles off the coast of Yemen's port of Aden.In a statement on X directly responding to the Houthi claim, Britain's embassy wrote: "At least 2 innocent sailors have died.

A cargo ship abandoned four days ago in the Gulf of Aden after it was hit by missiles fired by Yemen's Houthis is still floating despite taking in water, and could be towed to nearby Djibouti, industry sources said on Wednesday.Shipping risks have escalated due to repeated drone and missile strikes in the Red Sea and Bab al-Mandab Strait by the Iran-aligned Houthis since November. U.S. and British forces have responded with several strikes on Houthi facilities but have so far failed to halt the attacks.The crew of the Belize-flagged Rubymar abandoned the vessel after it was hit on Sunday…

Freight going through the Suez Canal has dropped by 45% in the two months since attacks by Yemen's Houthis led shipping groups to divert freight, disrupting already strained maritime trading routes, according to UN agency UNCTAD.UNCTAD, the United Nations Conference on Trade and Development, which supports developing countries in global trade, warned of risks of higher inflation, uncertainty of food security and increased greenhouse gas emissions.Shipping companies have diverted ships from the Red Sea since the Iran-aligned Houthi movement…

Britain's Ministry of Defence said on Sunday it would spend 405 million pounds ($514 million) to upgrade a missile system now being used by the Royal Navy to shoot down hostile drones over the Red Sea.The Sea Viper Air Defence system will be upgraded with missiles featuring a new warhead and software enabling it to counter ballistic missile threats, the MoD said in a statement.The contracts were awarded to the British division of MBDA, a missiles joint venture owned by Airbus…

Yemen's Iran-backed Houthi militia claimed responsibility for a missile attack on Tuesday on a container ship in the Red Sea and for an attempt to attack Israel with drones.MSC Mediterranean Shipping said there were no injuries to its crew from the attack on its ship, the United VIII, en route from Saudi Arabia to Pakistan. It said the ship had informed a nearby coalition naval warship that it had come under attack and had taken evasive manoeuvres.Israel said separately that its…

Russian tycoon Ziyavudin Magomedov, jailed at home in Russia, has launched a London lawsuit seeking nearly $14 billion over his holdings in valuable port operators, which he says were seized as part of a state-backed conspiracy.The businessman filed the lawsuit at London's High Court on July 20 against several defendants, including Russian state nuclear energy company Rosatom, oil pipeline operator Transneft, private equity firm TPG, and UAE-based port operator DP World.Magomedov…

The first big ship carrying grain from a Ukrainian Black Sea port has set sail since Moscow quit a deal in July to allow exports, a Ukrainian deputy prime minister said on Friday, part of Kyiv's campaign to break Russia's de facto blockade.The Aroyat "left the port Chornomorsk after loading 17,600 (metric tons of) Ukrainian wheat for Egypt," Oleksandr Kubrakov said on the X social media app, formerly Twitter.He posted a photo of the ship at sea. It was the second of two bulk carriers to leave the port this week using what Kyiv calls a new temporary humanitarian corridor. The first, the much smaller Resilient Africa, left on Tuesday, testing the route with a cargo of just 3…

Ukrainian railways have partially restricted cargo shipments to Ukraine's major Danube River port Izmail, which has been the target of Russian drone attacks in recent weeks, the railways said on Monday.The restrictions began on Sunday, the railways said in a statement.Russia has attacked Ukrainian ports on the Danube River with drones two nights in a row. The latest attack on the Danube River port of Izmail, in Ukraine's southern Odesa region, hit warehouses and production buildings…

Major naval drills about to start in the Baltic Sea involving some 30 ships and more than 3,000 Western service members will for the first time practice how to respond to a Russian assault in the region, Germany's navy chief said on Friday."We are sending a clear message of vigilance to Russia: Not on our watch," Vice-Admiral Jan Christian Kaack told reporters in Berlin. "Credible deterrence must include the ability to attack."The two-week Northern Coasts exercise, set to start Sep 9…

Romania expects around 30 ships from Ukraine to clear customs on the Danube River over the next two days as it bids to clear a logjam in the aftermath of Wednesday's Russian attack on Ukraine's main river port at Izmail.The river and its mouth, now Ukraine's last waterborne grain export route, are backed up with vessels travelling to and from Ukrainian ports, commercial ship tracking data shows.Romanian authorities managing the waterway still expect a "peak" in traffic in August…

Russia's Defense Ministry said on Wednesday it would deem all ships travelling to Ukrainian ports to be potential carriers of military cargo and their flag countries to be parties to the conflict on the Ukrainian side.The move follows Russia's decision this week to pull out of the U.N.-brokered Black Sea grain export deal which had guaranteed the safety of Ukrainian exports for the past year."In connection with the termination of the Black Sea Initiative and the end of the maritime humanitarian corridor…

An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the Gulf by trying to interfere when Iran intercepted a ship last week."On July 6th, Revolutionary Guards' Navy personnel were inspecting a ship with the name NADA 2 that was involved in smuggling Iranian oil and gas in the Persian Gulf, which the Americans sought to prevent through a series of unprofessional and risky actions," IRGC Commander Ramazan Zirrahi said in comments reported by Iran's Tasnim news agency.On July 7th…

Shots were fired at a tanker in the Gulf on Wednesday in an interaction with an unspecified country's security forces, a British maritime body said, the latest incident in a series of seizures or attacks on commercial ships in the Gulf since 2019.The vessel and its crew were safe following the incident in waters between Iran and Oman off the coast of Omani capital Muscat on Wednesday, the United Kingdom Maritime Trade Operations (UKMTO), part of the Royal Navy, said.The UKMTO described the incident as an "interaction with national maritime forces", without specifying which country the forces belonged to. Earlier it had classified it as a "suspicious approach".Maritime security company Ambrey said the ship was a Bahamas-flagged oil tanker…

Tugboats refloated a large ship that had been stranded for several hours in the Suez Canal on Thursday, and sources said shipping traffic through one of the world's busiest waterways had returned to normal.Two canal sources said traffic was back to normal by around 11:00 am local time (0800 GMT), around six hours after the incident began and three-and-a-half hours after the vessel was refloated.Shipping agent Leth Agencies identified the ship as the 190 meter (623 foot) Xin Hai Tong 23…

Asian countries remain the lead destinations for Russian vacuum gasoil (VGO) and fuel oil exports after the European Union's embargo, traders said and Refinitiv data showed. "Pretty stable flows for refining and bunkering", one trader said. According to Refinitiv data, China and India, which became main importers of embargoed Russian oil, were respectively accounting for about 2.6 million tonnes and 2.1 million tonnes of exports of dirty oil products from Russian ports since the start of the year…

A German government-backed liquefied natural gas (LNG) terminal project at Mukran on Ruegen island in the Baltic Sea, near existing LNG reception facilities delivering into the mainland port of Lubmin, will be downsized.The quest for alternative imports intensified as the country sought to end reliance on Russian pipeline gas after Russia invaded Ukraine last year.Apart from gas, industry and the government are anticipating increased use of hydrogen, which when produced using renewable energy can help the transition to a lower carbon economy.Germany would need to import much of its hydrogen needs and the low density of the gas makes transportation over long distances complicated unless a carrier…

A Russian court on the Pacific island of Sakhalin has ordered the provisional seizure of four tugboats belonging to Denmark's Svitzer, the world's biggest tugboat operator, at the request of a Russian energy company. Moscow has been seizing the assets of some Western companies which have left the country or are scaling back their business there in response to the conflict in Ukraine and Western sanctions. A court ruling dated April 24 said it had ordered the tugboats seized in response to a request by Sakhalin Energy…

The Suez Canal Authority is considering listing shares of some of the companies it owns on Egypt's stock exchange, authority chairman Osama Rabie told CNBC Arabia on Tuesday.Rabie added that the authority expects to sell 20% stakes in two or three companies. He identified the companies Canal Rope, and Canal Harbor and Great Projects.(Reporting by Lilian Wagdy; Editing by Peter Graff)

Germany's liquefied natural gas (LNG) terminal project at Stade said it would in the coming weeks begin testing market appetite for ammonia as a way to transport hydrogen, as the country's efforts to end reliance on Russian pipeline gas gather pace.The quest for alternatives has included focusing on hydrogen, which when produced using renewable energy can help the transition to a lower carbon economy.Germany, however, would need to import much of its hydrogen needs and the low density of the gas makes transportation over long distances complicated unless a carrier…

Moscow has submitted concerns to the United Nations about an agreement on Black Sea grain exports, and is prepared to reject renewing the deal next month unless its demands are addressed, Russia's Geneva U.N. ambassador told Reuters on Thursday.The agreement, brokered by the United Nations and Turkey in July, paved the way for Ukraine to resume grain exports from Black Sea ports that had been shut since Russia invaded. Moscow won guarantees for its own grain and fertilizer exports.The…

Buyers of Russian oil have faced difficulties over payments and availability of vessels after imposition of Western sanctions against Moscow over Ukraine, traders said on Monday, while BP Plc has canceled fuel oil loadings from a Black Sea port.The West has introduced sweeping sanctions, including on the banking sector, after Russia's invasion of Ukraine. Russia calls its action a "special operation" to disarm Ukraine.The United States and its allies on Saturday moved to block certain Russian banks' access to the SWIFT international payment system that helps international trade flow smoothly.

Western partners should do more to help unblock Ukraine's Black Sea ports to release exports of grain, metals and mining products, a Ukrainian official told Reuters on Tuesday, warning the country's finances were increasingly precarious.Logistics problems linked to the war with Russia, notably at seaport Odesa, hit exports, causing currency inflows to Ukraine to drop to around $2.5 billion per month from around $7 billion before the war, Rostyslav Shurma, deputy head of President Volodymyr Zelenskiy's office…