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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…
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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…
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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
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.
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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…
