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June 14, 2024
Diplomats from the EU said that on Friday, the European Union was unable to agree to a fourteenth package of sanctions for Russia. Germany refused to accept responsibility for any sanctions violations by EU companies. The 27 EU member states…
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June 14, 2024
On Friday, hundreds of demonstrators gathered in Athens to mark the anniversary of the shipwreck off the coast of Greece that claimed the lives of hundreds of migrants. They demanded answers regarding the cause of the tragedy and the fates of their relatives.
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June 14, 2024
Ingosstrakh, a Russian insurer, said Friday that it might challenge UK sanctions and seek clarifications about the measures announced by the British government on Thursday against the country's largest insurer. The UK's sanctions enforcement…
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June 14, 2024
Officials said that U.S. president Joe Biden issued a formal executive order on Friday, establishing a White House Council on Supply Chain Resilience and mandating the completion of a comprehensive report before the end the year. The first meeting of the council…
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June 14, 2024
Mountain Valley, a 303 mile natural gas pipeline that stretches across West Virginia into Virginia, started operations on Friday. Equitrans Midstream (the lead partner), a U.S.-based gas pipeline company, announced that the pipeline was now…
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June 14, 2024
Milan prosecutors announced on Friday that Italian police had arrested a Russian man accused of helping an indicted son a Putin ally to escape house arrest last year in Italy. Artem Uss fled from Italy to Russia in March 2023 after avoiding Italian authorities who tried to extradite him.
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June 14, 2024
The Canadian patrol ship arrived in Havana on Friday morning, only hours after the United States had announced that a fast attack submarine was docked on its Guantanamo Naval Base on Cuba. Both vessels were on the heels Russian warships who had arrived earlier this week.
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June 14, 2024
The Baltic Exchange main sea freight index which tracks rates of ships transporting dry bulk goods rose for the third consecutive week due to higher rates in the panamax segment and supramax segment. * The overall index which includes rates for capesizes…
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June 14, 2024
As more shippers and middlemen join the trade, the impact of Western sanctions against Moscow is lessened. Since the full-scale Russian invasion of Ukraine, in February 2022, exporters had to offer steep discounts to shipping companies and traders…
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June 14, 2024
Philippines officials said that the crew of Tutor, a Greek vessel damaged by Houthi militants during an attack in the Red Sea is expected to be rescued in the next day. However, one sailor remains missing. The attack on the Tutor coal carrier flying the Liberian flag…
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June 14, 2024
Colonial Pipeline Co has allocated space on Line 20 for Cycle 36 shipments, which transports distillates from Atlanta, Georgia, to Nashville, Tennessee. The company announced this in an email sent to shippers last Friday. The pipeline operator…
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June 14, 2024
Global Yatirim Holding is the controlling shareholder in Global Ports Holdings (GPH), which is the largest cruise port operator in the world. It announced on Friday it was taking the London-listed company private. Global Yatirim is considering an offer of $3 per share for the remaining 59% in GPH.
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June 14, 2024
The price of Asian spot LNG (liquefied natural gases) rose this week to its highest level in six months, mainly due to the cooling down in India and forecasted temperatures for northeast Asia, as well as the suspension of production at a gas facility in Australia.
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June 14, 2024
Philippines officials said that the crew of Tutor, a Greek vessel damaged by Houthi militants during an attack in the Red Sea is expected to be rescued in a day. However, one sailor remains missing. The attack on the Tutor coal carrier flying the Liberian flag…
Posted to Maritime Reporter
on
June 14, 2024
QatarEnergy reduced the August term price of al-Shaheen oil to a premium $1.21 per barrel over Dubai quotes, according to trade sources on Friday. This is down from $1.82 per barrel in July. QatarEnergy had sold three cargoes through a tender.
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June 14, 2024
After seasonal and unplanned refinery maintenance and a lifting of the fuel export ban, Russia's seaborne product exports rose 10.4% in May, according to data from industry sources. Reuters calculated that Russia's offline primary crude oil refining capability was down 27.9% compared to April.
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June 14, 2024
Acting Minister Taras Vysotskiy announced on Friday that the Ukrainian agriculture ministry had increased its estimate for the grain harvest in 2024 to 56 millions metric tons. The previous estimate was 52.4 million tonnes. Vysotskiy stated…
Posted to Maritime Reporter
on
June 14, 2024
QatarEnergy reduced the August term price of al-Shaheen oil to a premium $1.21 per barrel over Dubai quotes, according to trade sources on Friday. This is down from $1.82 per barrel in July. QatarEnergy had sold three cargoes through a tender.
Posted to Maritime Reporter
on
June 14, 2024
Demonstrators planned to gather in Athens, Greece on Friday for a rally to mark the anniversary a shipwreck off the coast of Greece that claimed the lives of hundreds of migrants. They demanded answers regarding the cause of the tragedy and the fates of their relatives.
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June 14, 2024
After winning EU support for two clean-energy projects in the North Sea Port of Wilhelmshaven this year, German utility Uniper plans to focus on early talks with a large customer and take steps towards developing hydrogen storage facilities.
