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October 29, 2024
Data shows that Canadian exports of lighter crude by water to the U.S. West Coast are up since the Trans Mountain expansion pipeline (TMX) started operating in May. This has surprised some market participants, who had thought the TMX would be…
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October 29, 2024
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 136,000 metric tonnes of animal feed corn, which could be sourced from either the United States, South America…
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October 29, 2024
Adani Ports and Special Economic Zone in India said that it was "well-positioned" to reach the upper end its core profit forecasts for fiscal year 2025 after missing Tuesday's profit estimates. After a 10% increase in cargo volumes in the third quarter of fiscal year 2025…
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October 29, 2024
Thyssenkrupp's CFO confirmed that the company is working to spin off its warship division, after Carlyle pulled out of a bid last week. The group has set a realistic date for such a move, 2026, as an example. A spin-off within the next calendar year is ambitious, in my opinion.
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October 28, 2024
Sherif Farouk, the Egyptian supply minister, said that Egypt expects to still receive a shipment of Russian grain in November after the initial consignment set for October was delayed. In September, Egypt's Supply Ministry announced that it had purchased 430…
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October 28, 2024
The national guard reported on Monday that the Tunisian coastguard had recovered 16 bodies from the sea off the coasts of Maloulech and Salakta. This is the latest boat tragedy in the Mediterranean. The bodies were discovered at the weekend, and then again on Monday.
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October 28, 2024
OMS Group, a KKR backed Malaysian digital subsea infrastructure company, announced on Monday that it had signed a contract for the construction of a number of cable-laying ships with Dutch maritime firm Royal IHC. OMS stated in a press release…
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October 25, 2024
Black Sea CPC blend oil exports via Caspian Pipeline Consortium's (CPC) system will increase in November, after maintenance at Kazakhstan's Kashagan oilfield is completed. Two sources said that exports will increase to 1.42 million barrels a day (bpd)…
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October 25, 2024
Two senior defense officials have said that the U.S. Navy fears China will use hypersonic weapons in the Pacific to sink ships. They are moving ahead with a plan of arming some of their vessels with Patriot missiles. According to an industry official…
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October 24, 2024
Industry leaders and legislators said that Europe has fallen behind its own ambitious offshore wind energy targets due to rising costs, redtapism and inadequate policies. They presented their recommendations on Thursday to the new European Commission.
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October 24, 2024
The Indonesian maritime security agency reported on Thursday that a Chinese coast guard vessel had been driven out of Indonesian waters for the second time in this week, after it disrupted an initial survey by Pertamina, a state-owned energy company operating in the South China Sea.
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October 24, 2024
The Danish climate and energy ministry said that the country will be seeking a common EU strategy to combat the increased Chinese competition on the European wind market. This was ahead of a Thursday meeting with EU Commission officials and leaders in the industry.
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October 23, 2024
The benchmark wheat futures traded on Euronext finished slightly higher on Tuesday, after a three day fall. Chicago recovered and traders assessed the impact of Russian government intervention on Black Sea wheat competition. December wheat,…
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October 23, 2024
Carl-Peter Forster's Red Bandit from Germany won the 45th Rolex Middle Sea Race on Wednesday, becoming the third German boat to win this prestigious offshore challenge. Red Bandit followed in the footsteps Saudade and Morning Glory, who won the race in 1983 and 2006 respectively.
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October 23, 2024
The benchmark wheat futures traded on Euronext declined for the fourth time on Wednesday, as traders weighed up signs of continued export competition by Black Sea wheat supplies against uncertainty about Russian government interventions in wheat trade.
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October 23, 2024
The chief executive of InVivo, a cooperative that produces wheat for export in France and Ukraine, said Wednesday the group is looking at new markets to expand after being beaten by Russian wheat to Algeria. Thierry Blandinieres, a member of the group that has a range of activities…
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October 23, 2024
Typically, Marcus Freeman tells the players of Notre Dame on defense to be loose and carefree and not to get caught up in technical detail. Freeman, however, senses an exception as No. Notre Dame (12-1) is preparing to kickoff against No. Navy (6-0)…
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October 23, 2024
The global potash supply has returned to the levels before the invasion of Ukraine. Russia and Belarus have increased shipments to Asia, South America and Europe to avoid Western sanctions, and to pressure producers to reduce output to avoid an oversupply.
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October 23, 2024
A local French authority reported that two migrants died after a boat carrying an entire group capsized on Wednesday off the coasts of Calais. This highlights the difficulties facing the British and French government in their efforts to combat illegal immigration.
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October 22, 2024
Taiwan's Defence Ministry reported on Wednesday that a Chinese aircraft carrier group had sailed in the Taiwan Strait. The group was heading north after it passed through the waters near Taiwan-controlled Pratas Islands. The Ministry of Defense said that the Chinese vessels…
