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Fuel oil smuggling nets $1 billion in revenue for Iran and its allies

Posted to Maritime Reporter on December 3, 2024

Five sources familiar with the issue said that a sophisticated fuel oil smuggling ring in Iraq has grown since 2022 when Prime Minister Mohammed Shia al-Sudani assumed office. According to five individuals and three Western intelligence reports - two dated August of this year…

Sources say that India banks are examining Adani Group exposure following US charges

Posted to Maritime Reporter on November 28, 2024

Eight bankers claim that Indian lenders including State Bank of India are reviewing their exposure with Adani Group, and whether they should tighten up their due diligence before offering new loans, following the U.S. accusation of Gautam Adani, chairman of Adani Group.

Australia dominates the Dubai SailGP opener

Posted to Maritime Reporter on November 23, 2024

DUBAI (Nov 23) - Triple SailGP champions Australia began their campaign for 2025 with authority, taking the lead on the first day of racing in Dubai. The Australians showed off their tactical skills in a new, striking livery. Chris Draper joined…

UK maritime agency reports that a vessel off the coast of Yemen reported a missile hitting nearby sea.

Posted to Maritime Reporter on November 18, 2024

The United Kingdom Maritime Trade Operations said that a vessel located 60 nautical miles south of Yemen's Aden reported a missile splashing in the water within its proximity on Monday. UKMTO said that both the vessel and crew were in safety.

UK maritime authority: Ship near Yemen reports missiles fell into Red Sea nearby

Posted to Maritime Reporter on November 17, 2024

The United Kingdom Maritime Trade Operations agency (UKMTO), which is responsible for coordinating the UKMTO's maritime trade operations, said that a ship traveling through the Red Sea, 25 nautical miles west from Al-Mukha in Yemen, reported…

Al Masirah TV reports that the US and Britain have launched raids in Yemen's capital Sanaa as well as elsewhere.

Posted to Maritime Reporter on November 10, 2024

Al Masirah TV (the main Houthi-run television news outlet) reported Sunday that the United States and Britain conducted raids in the Yemeni capital Sanaa and the Amran Governorate, among other areas. Residents and media from the Houthi group claimed that nine raids targeted Sanaa and its suburbs…

Iran: Houthis have agreed to a truce with tugboats so they can reach the damaged oil tanker

Posted to Maritime Reporter on August 28, 2024

Iran's New York mission at the United Nations said that the Houthi group, which is aligned with Iran in Yemen, has agreed to a short-term truce to enable tugboats and other rescue vessels to reach the damaged crude oil tanker Sounion under Greek flag in the Red Sea. Iran's U.N.

US gasoline stockpiles hit 2-year low on stronger demand, EIA says

Posted to Maritime Reporter on October 30, 2024

The Energy Information Administration (EIA), which is responsible for the U.S. government's energy policy, announced on Wednesday that U.S. gasoline inventories fell to their lowest level in two years last week due to increased demand. Crude…

Russia accuses UK using Black Sea to supply Ukraine with weapons

Posted to Maritime Reporter on October 30, 2024

Russia accused Britain on Wednesday of using the Black Sea grain canal to deliver weapons to Ukraine after London denied its allegations that Russian attacks against Ukrainian ports disrupted vital grain supplies for other nations. Last week…

SailGP teams will be using faster T-shaped foils from 2025

Posted to Maritime Reporter on October 13, 2024

SailGP said that it plans to equip its fleet of F50 mono-design boats, starting next year with a new foil type, in order to increase the speed and tighten the racing. The organizers of the global racing circuit's fifth season, which begins in Dubai next month…

Yemen Vice President: New strategy required to contain Houthis

Posted to Maritime Reporter on September 24, 2024

Yemen's Vice-President stated on Tuesday that the escalation of Middle East hostilities has made it more urgent for regional and global stakeholders to develop a new strategy in order to contain the increasingly well armed Houthi rebels who are backed by Iran.

Clifford Chance shocked after missing lawyer in yacht accident

Posted to Maritime Reporter on August 20, 2024

A prominent New York attorney who is one of six passengers missing from a sunken boat off the coast of Italy was travelling with his longtime British client, British technology entrepreneur Mike Lynch. This happened just weeks after he helped him avoid conviction for a 12-year legal battle.

UKMTO reports that a ship captain reported an incident southwest of Yemen’s Hodeidah.

Posted to Maritime Reporter on August 12, 2024

The United Kingdom Maritime Trade Operations agency (UKMTO), said Tuesday, that a ship's crew reported an explosion 63 nautical mile southwest of Yemen's Hodeidah. In a note of advice, the agency stated that the vessel and crew were safe and that the ship was proceeding to the next port.

US announces publically that it is moving a submarine to the Middle East amid tensions between Israel and Iran

Posted to Maritime Reporter on August 11, 2024

The Pentagon announced on Sunday that U.S. Secretary of Defense Lloyd Austin had ordered the deployment of an guided missile submarine in the Middle East. This comes as the region prepares for possible attacks from Iran and its allies following the death of senior Hamas and Hezbollah members.

Houthi leader warns of a response to Israeli airstrikes in Yemen's Hodeidah

Posted to Maritime Reporter on July 25, 2024

In a Thursday televised address, the leader of the Iran-backed Houthi group said that a response to Israeli airstrikes in Yemen's Hodeidah was coming. A drone fired on a crowd near Yemen's Hodeidah port, killing nine and injuring 87 people, just a day after the Houthi attacked Tel Aviv…

Venezuela awards licenses to BP and Trinidad's NGC in order to develop offshore gas projects

Posted to Maritime Reporter on July 24, 2024

Venezuela granted a license for a long time to British energy company BP and the state-owned National Gas Company of Trinidad and Tobago to develop Venezuela's side of a large gas field which extends into Caribbean waters. There are approximately…

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

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…

British Business – July 23,

Posted to Maritime Reporter on July 23, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as…

Israeli Defence Minister: Yemeni strike is a message

Posted to Maritime Reporter on July 23, 2024

On Saturday, Defence Minister Yoav Galant stated that Israel had struck the Houthis after they injured an Israeli. Gallant stated in a press release that "the fire currently burning in Hodeidah is visible across the Middle East, and its significance…
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