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June 25, 2024
Two trade sources on Tuesday said that Russia will reduce oil exports through its western ports in July to 1.5 million barrels a day (bpd), a drop of almost 500,000 bpd compared to June. This is because processing at its refineries will increase after maintenance.
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June 25, 2024
The Ministry of Industry and Trade announced on Tuesday that Japanese Industry Minister Ken Saito would visit Akita, in northern Japan, on Saturday to meet with officials from the industry and the government to discuss the development offshore wind energy.
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June 25, 2024
In an international auction held on Tuesday, European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. purchased an estimated 135,000 tons of animal feed grain. The corn was expected to come from South America.
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June 25, 2024
LSEG data and traders' reports show that India and China were top destinations of Russian seaborne fuel oils and vacuum gasoils (VGO) in May. The completion of seasonal maintenance helped to boost the exports of Russian fuel oil and VGO by 12% in comparison with April…
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June 25, 2024
According to both Chinese and Japanese statements, Chinese and Japanese coastguard vessels engaged in a standoff around a group disputed islands in East China Sea. Both countries claim the islands. In Japan, they are called the Senkakus, and in China the Diaoyus.
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June 25, 2024
Adani Group, an Indian conglomerate that converts ports into power, will increase its capital expenditures to 1.3 trillion rupies ($15.6 billion), up from 700 billion rupies a year ago. Chief Financial Officer Jugeshinder Singh announced this on Tuesday.
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June 25, 2024
Data from the coal consultancy Bigmint revealed that Indian imports of Russian coking coal fell while U.S. shipments increased in the three-month period ending in May. This was attributed by traders to a decrease in Russian prices. Bigmint data…
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June 25, 2024
The Russian Admiral Gorshkov Navy frigate, which sailed from Russia to Cuba in early June, conducted drills on the Atlantic Ocean using a helicopter in search of submarines. This was announced by the Ministry of Defence on Tuesday. In a Telegram message…
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June 24, 2024
The National Transportation Safety Board announced on Monday that it was inspecting electrical components removed from the cargo vessel Dali, which crashed into a Maryland Bridge in March and killed six people. It also destroyed the Patapsco River Crossing.
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June 24, 2024
Airbus lowered Monday its total delivery target for 2024 to around 770 aircraft from about 800. It also pushed the deadline to reach production of 75 narrow body airplanes per month from 2026 to 2027. After its most recent review, Europe's biggest…
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June 24, 2024
European traders reported on Monday that Algeria's state grain agency OAIC had issued an international tender for the purchase of soft milling wheat to be shipped to only two ports. Traders said that the tender was for a nominal amount of 50…
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June 24, 2024
The United Kingdom Maritime Trade Operations said that a merchant ship in the Arabian Sea reported a nearby explosion on Monday. UKMTO reported that the crew is safe and the vessel is proceeding to its next destination. JMIC, the Red Sea and Gulf of Aden Joint Maritime Information Center…
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June 24, 2024
Authorities said that the Amerigo Vespucci - which Italians consider to be the most beautiful ship in the world - is touring around with a temporary exhibition at each stop showcasing Italian heritage and products. The tall ship Vespucci was named after the explorer that gave America its name.
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June 24, 2024
Two sources familiar with this matter confirmed on Monday that the European Union would add 27 vessels to its list, including oil tankers and LNG carriers, as part of their latest sanctions against Russia. The 14th set of sanctions was adopted by the EU countries on Monday.
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June 24, 2024
A commission in Israel investigating suspected wrongdoing involving government purchases of German submarines and missile ships issued a warning on Monday to Benjamin Netanyahu. The panel informed Netanyahu that, based on the evidence collected so far…
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June 24, 2024
Analysts say that a combination of sluggish Chinese demand and rising inventories will likely cause funds to withdraw from the copper markets, adding further pressure to the prices, which have fallen around 12% in just one month since they reached record highs.
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June 24, 2024
Adani Group's Chairman Gautam Adani said on Monday that the group is "well-positioned" to take advantage of opportunities in India's booming Infrastructure sector, as spending will likely increase. Adani, whose group has interests in ports, power utilities and transmission…
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June 24, 2024
Kommersant reported Monday that Novatek, Russia's biggest producer of liquefied gas, had sent its first LNG cargo via the Northern Sea Route, to Asia. The data was based on Kpler and Gecon consulting. According to the newspaper, the Arc7 gas…
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June 24, 2024
The U.S. manufacturing sector has barely grown since the outbreak, explaining why the diesel consumption has remained anemic. It has also not recovered in line with the expectations made at the beginning of the year. According to estimates by the Federal Reserve…
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June 24, 2024
Just days after Houthi militants in Yemen sank the second vessel of their attacks that began last November, the first LNG tanker has been sailing through Red Sea since January. Shiptracking data provided by LSEG and Kpler revealed that Asya…
