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June 14, 2024
Three people with knowledge of the matter have confirmed that Carlyle, a private equity firm, and KfW, a German development bank, are in discussions to buy the majority of Thyssenkrupp’s submarine unit. This is the latest indication of how the Ukraine conflict has reshaped Europe’s defence industry.
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June 14, 2024
The U.S. Military said Thursday that it had destroyed two Houthi Patrol Boats, one uncrewed Surface vessel and one drone in the Red Sea as part of its latest attempt to weaken the capabilities the Iran-backed group. Yahya Saree, the military spokesperson for the Iran-aligned Houthis group…
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June 14, 2024
The following are the most important stories from the Financial Times. Reuters does not verify these stories or guarantee their accuracy. As part of an effort to limit Moscow's oil revenues, the UK has imposed new sanctions on Ingosstrakh -…
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June 14, 2024
U.S. Central Command reported that missiles fired by Yemeni Houthi militants hit the Palau flagged Verbena cargo vessel in the Gulf of Aden, causing a fire to break out and injuring a member of the crew. Since November, Mouths, a group of Iranian-allied militias…
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June 13, 2024
T-Mobile, a wireless carrier in the United States, announced on Thursday that it had been chosen by the U.S. Navy as a supplier of communication technology under a Spiral 4, ten-year contract worth $2.67 billion. The contract is coming at a…
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June 13, 2024
T-Mobile, a wireless carrier in the United States, announced on Thursday that the U.S. Navy has selected it to provide communication technology under a Spiral 4, ten-year contract worth $2.67 billion. The contract is coming at a time that telecom…
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June 13, 2024
TCP, a subsidiary of China Merchants Port is trying to discourage a logistics company from adding a surcharge to outgoing cargos in South America's biggest container terminal. TCP Commercial Director Carolina Brown confirmed this. The $150 surcharge by France's logistics firm CMA CGM…
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June 13, 2024
The United Kingdom Maritime Trade Operations agency (UKMTO), said Thursday that it had received a report about an explosion near a ship 82 nautical mile northwest of Yemen’s Hodeidah. This is the latest attack reported on shipping in Red Sea.
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June 13, 2024
The Baltic Exchange’s main sea freight indicator, which tracks the rates for vessels ferrying dry bulk products, reached a near-month-high on Thursday. This was supported by rates that were higher across all vessel segments. * The capesize Index climbed by 259 points or 9.5% to 2,985.
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June 13, 2024
A judicial source and his lawyer confirmed on Thursday that the captain and owner, who was responsible for a boat which sank into a northern Italian lake last year, killing four people - including two Italian secret service agents and an ex…
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June 13, 2024
The UK imposed the first sanctions on Thursday against vessels that are believed to be part of Vladimir Putin's shadow fleet, which it says is used by Putin to circumvent Western sanctions in order to continue trading in Russian oil. The government…
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June 13, 2024
When roads come, there is destruction. HONG KONG (Thomson Reuters Foundation), June 13, 2008 - Researchers say that newly discovered ghost road pose a threat unprecedented to the world’s dwindling forests. They also found that AI could map secret…
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June 13, 2024
Ambrey, a British maritime security company, said that a merchant ship reported a missile strike on its vessel while it was en route from Malaysia to Venice in Italy. The vessel had been traveling 129 nautical mile east of Yemen’s Aden. Since November…
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June 13, 2024
Major Feedmill Group of South Korea (MFG) bought an estimated 60,000 tons of soymeal in an international auction on Thursday. The soymeal was expected to come from either South America, or the United States. The estimated cost and freight per ton was $455.49…
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June 13, 2024
European traders reported that the MFIG group of Taiwan bought 65,000 metric tonnes of animal feed corn from Brazil at an international auction on Thursday. They said that the yellow corn was bought at a premium estimated to be 159.88 U.S. Cents…
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June 13, 2024
European traders reported on Thursday that the Lebanese Government is believed to have bought about 63,000 metric tonnes of wheat at a tender. All were expected to come from Ukraine. Wheat was needed for quick shipment to Lebanon. The purchase included 57…
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June 13, 2024
Under Ferdinand Marcos Jr., the relationship between Manila and Beijing has soured. Manila is now turning back to the United States for support in its maritime disputes against China. Marcos will visit Beijing for three days, where he will meet…
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June 12, 2024
Retailers, manufacturers, and other shippers are already dealing with higher costs and longer transit times due to labor talks in U.S. port on the East Coast. The contract of the International Longshoremen's Association, which covers 45,000 dockworkers in three dozen ports from Maine to Texas…
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June 12, 2024
West Coast traders and U.S. refiners are expressing concerns over the quality of crude oil shipped via the recently completed Trans Mountain Pipeline expansion (TMX). They warn that a high vapor pressure limit and an acidity limit could discourage the purchase of Canadian heavy barrels.
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June 12, 2024
Mountain Valley Pipeline, a U.S. natural-gas pipeline company, said it would begin preparing its $7.85 billion pipe that runs from West Virginia to Virginia after obtaining approval from the U.S. Energy regulator. Since construction began in 2018…
