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West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

Leonardo's fighter jet program survives UK defence review

Posted to Maritime Reporter on July 23, 2024

According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…

Citi leads to LME warehouses in lucrative rental deals

Posted to Maritime Reporter on July 23, 2024

Three sources with knowledge of the matter confirmed that Citi delivered large quantities of lead to London Metal Exchange approved warehouses in Singapore for lucrative financial deals on Monday. The total LME stock of battery metal has now reached its highest level since early May.

Traders say that Jordan is believed to have passed on 120,000 T of wheat.

Posted to Maritime Reporter on July 23, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any milling wheat in the international tender for 120,000 metric tonnes of milling which ended on Tuesday. The prices were considered too high. In the coming days…

LME warehouses receive large quantities of lead in lucrative rental deals

Posted to Maritime Reporter on July 23, 2024

On Monday, large quantities of lead were delivered for financial deals to London Metal Exchange approved warehouses in Singapore. Total stocks of the battery material have reached their highest level since early May. According to industry sources…

Jordanian traders report that 6 people participated in the 120,000-metric-ton wheat tender.

Posted to Maritime Reporter on July 23, 2024

Initial assessments indicate that six trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer for 120,000 metric tonnes of wheat. They said that Cargill, CHS Viterra, Ameropa, and The Andersons were thought to be participants.

Black Sea CPC blend oil exports will fall by 9% in August

Posted to Maritime Reporter on July 23, 2024

Two sources familiar with the plans said that the Black Sea CPC blend oil exports through the Caspian Pipeline Consortium system (CPC) are expected to drop to 4.9 million tons in August, from the 5.4 millions planned for July. Calculations showed…

Ecuador's Navy ready to fight illegal fishing around Galapagos Islands

Posted to Maritime Reporter on July 23, 2024

After training with its allies, the cuadorian navy is prepared to protect the waters around the Galapagos Islands against illegal fishing by foreign vessels whose visits each year threaten marine life in the waters of the archipelago. In 2018…

One person killed after a Ukrainian drone strikes a ferry in russian port, according to regional governor

Posted to Maritime Reporter on July 23, 2024

Veniamin Kodratyev, the regional governor of the southern Krasnodar Region in Russia, said that a Ukrainian drone attacked a ferry in Port Kavkaz and killed a person. The RIA news agency, citing a source from emergency services, reported that…

Israeli forces kill seven Palestinians, including two militants, in West Bank raids

Posted to Maritime Reporter on July 23, 2024

Officials from both Israel and Palestine confirmed that seven Palestinians were killed, including two militant leaders and a woman. The raids targeted gunmen in the West Bank occupied. In the city of Tulkarm there was an Israeli raid. There were street fights between Palestinian militants…

Israel declares two more Gaza hostages dead

Posted to Maritime Reporter on July 23, 2024

Israel announced the death of two more hostages it held in Gaza on Monday, while talks were to resume this week to reach a ceasefire agreement that would allow for the release of 120 prisoners. The Israeli military has said that it is still…

Authorities say that a Canadian who attempted to attack an Israeli security unit with a knife was shot dead by authorities.

Posted to Maritime Reporter on July 23, 2024

Israeli authorities reported on Monday that a Canadian citizen was killed after he attempted to attack armed security personnel with a knife near the Gaza border in southern Israel. The incident occurred at the entrance to Netiv HaAsara. Security has been increased in the town since Hamas militants…

Israel declares two more Gaza hostages dead

Posted to Maritime Reporter on July 23, 2024

Israel announced the death of two more hostages it held in Gaza on Monday, while talks were to resume this week to reach a ceasefire agreement that would allow for the release of 120 prisoners. The Israeli military has said that it is still…

Kerala's state health minister tells local TV that one person has died from Nipah in India.

Posted to Maritime Reporter on July 23, 2024

The health minister of Kerala, a state in southern India, said that authorities are taking precautions after a 14-year old boy died from the Nipah Virus and 60 people were identified as high-risk. An investigation last year showed that parts…

IRGC: Iran's Revolutionary Guards have intercepted a tanker managed by the UAE

Posted to Maritime Reporter on July 23, 2024

The IRGC, along with British security firm Ambrey, announced on Monday that the IRGC had intercepted a tanker flying the flag of Togo, but managed by UAE, carrying 1,500 tonnes of marine gas oil. Ambrey reported that the vessel was carrying…

Lukoil increases its July loading plan by 140,000 t of oil

Posted to Maritime Reporter on July 23, 2024

Market sources reported that Lukoil - Russia's largest oil company - has increased its crude oil loading for July by about 140,000 tons after Ukraine stopped oil transit from Europe via the Druzhba pipe. Lukoil will load the Suzemax ship Arus at Novorossiisk, Russia, on July 23-24.

Starmer: UK warplane capabilities important during defence review

Posted to Maritime Reporter on July 23, 2024

Keir starmer, the British Prime Minister, stressed on Monday that Britain's fighter-jet capability is important. However, he did not guarantee that a review of defence policy would not affect its next generation air combat programme with Japan or Italy.

BAE: UK, Japan and Italy's GCAP Project heading to next phase "at pace"

Posted to Maritime Reporter on July 23, 2024

BAE Systems' managing director stated that the Global Combat Air Programme, a joint venture between Britain and Japan to develop a new fighter aircraft, will be launched in 2025. Keir starmer, British Prime Minister Keir said earlier in the…

Traders say that Indonesia has bid to purchase 320,000 metric tonnes of rice

Posted to Maritime Reporter on July 23, 2024

European traders reported on Monday that the Indonesian state purchasing agency Bulog had issued an international bid to purchase about 320,000 tons of rice. The deadline to submit price offers for the tender is 31 July. Bulog will begin price negotiations that could last for several days…

Cepsa reports that Hafnia Nile tanker involved in the fire was carrying naphtha imported from Spain.

Posted to Maritime Reporter on July 23, 2024

According to the Spanish oil company Cepsa, the oil tanker Hafnia Nile was loaded with naphtha from the energy park of the company in Huelva. Cepsa received a report from Hafnia, the shipowner of the vessel involved in the collision near the island Pedra Branca on the South China Sea.

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