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July 23, 2024
The Suez Canal’s annual revenue fell by almost a quarter during its most recent financial year, as some shippers chose alternative routes in order to avoid being attacked by Houthis who are aligned with Iran in the Red Sea. Osama Rahbie, head…
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July 23, 2024
Officials from India's government and navy, who have assisted in the search and rescue operation, confirmed that at least nine members of a 16-member crew aboard a Comoros flagged oil tanker capsized on Monday off Oman. The "Prestige Falcon"…
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July 23, 2024
Jordan's national grain buyer issued an international bid to purchase 120,000 metric tonnes of milling wheat that can be sourced in a variety of origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is 23 July.
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July 23, 2024
Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.
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July 15, 2024
Ship tracking data revealed on Monday that a Chevron chartered oil tanker, seized by Iran over a year earlier, has anchored near the United Arab Emirates Port of Khor Fakkan. In April 2023, the Iranian military boarded the Marshall Islands-flagged…
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July 12, 2024
Dmitry Peskov, Kremlin spokesperson, told reporters Friday that Russia has not ruled out any scenario regarding a possible resume of the now defunct Black Sea Grain Deal. After a meeting on Thursday with his Ukrainian counterpart Volodymyr Zelenskiy…
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July 11, 2024
European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price proposals in the tender is 17 July. Jordan's failure to purchase 120…
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July 11, 2024
On Thursday, sources in the market reported that Indian private refiner Nayara Energy had issued a very rare tender for vacuum gasoil loading (VGO). Sources said that the refiner had offered 70,000 metric tonnes of VGO, with a maximum of 3% sulphur.
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July 10, 2024
Three Palestinian men who were released from Israeli custody and found handcuffed have been discovered near Gaza's border. An uncle of one of the men and a witness both said that Israeli forces attacked them shortly after they were released. Abdel Hadi Ghabayen is the uncle of Kamel Ghabayen.
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July 10, 2024
The Palestinian Health Ministry reported that Israeli forces had killed a 13 year-old Palestinian boy Tuesday near Ramallah, a West Bank city. The Israeli army said that its forces fired at Palestinians who hurled rocks at their vehicles. Ghassan Gharib was killed in Deir Abu Massh'al…
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July 10, 2024
Jordan's national grain buyer issued an international bid to purchase 120,000 metric tonnes of milling wheat that can be sourced in a variety of origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is 16 July.
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July 9, 2024
Abiy Ahmed, the Ethiopian premier, met General Abdel Fattah al-Burhan of Sudan's army on Tuesday. He was the first foreign leader since the beginning of the conflict in Port Sudan between the army forces and the paramilitary Rapid Support Forces.
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July 9, 2024
Nournews reported that the Iranian Navy frigate Sahand completely sank on Tuesday, in shallow water, in Bandar Abbas' southern port, after being briefly repositioned on Sunday, following its initial capsize. The rope that held the Sahand warship together broke, and the vessel has now sunk.
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July 3, 2024
Three navy and security sources confirmed that an abandoned tanker drifting near Yemen's coastline in June disappeared and was believed to have sunk. This is the latest vessel lost on the strategically significant Red Sea. This area is on the…
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July 2, 2024
The forecast track of Hurricane Beryl continues to steer it away from the major offshore production areas of the U.S. regulated northern Gulf of Mexico. Brent crude futures rose 24 cents or 0.28% to $86.84 per barrel at 10:20 AM CDT (1520 GMT). U.S.
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July 1, 2024
Yemen's Houthis announced on Monday they had conducted four military actions targeting four ships, including four in the Red Sea, Arabian Sea, Mediterranean Sea, and Indian Ocean, "linked to United States, United Kingdom, and Israel". Yahya Saarea…
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July 1, 2024
The Lebanese Petroleum Administration announced on Monday that the energy ministry of Lebanon has extended until March 2019 the deadline for bids for offshore exploration rights. The government initially set a July 3, 2024 deadline for the bidding…
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July 1, 2024
Four officials with knowledge of the situation say that the Turkey is now mediating between Somalia, Ethiopia and a port agreement Addis Ababa made with the Somaliland breakaway region earlier this year. Negotiations are the latest effort to repair diplomatic ties.
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June 30, 2024
United Kingdom Maritime Trade Operations said that on Sunday, it received a report about an incident which occurred 13 nautical miles southwest from Yemen's Al Mukha. However, the vessel and crew were in good health. A UKMTO note stated that a merchant ship reported 12 small craft approaching it.
