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December 18, 2024
European traders claim that Algeria's state grain agency OAIC purchased durum wheat at an international auction on Wednesday. Uncertainty surrounded the volume of goods purchased. Initial estimates by traders put the volume of purchase between 350…
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December 18, 2024
The national guard reported on Wednesday that the Tunisian Coast Guard had recovered the bodies 20 African migrants after their boat sank just off the coast. This is the second drowning of migrants in one week. The Tunisian coast guard recovered nine bodies last Thursday.
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December 18, 2024
Textron, the Cessna jet manufacturer, said that it is looking at strategic alternatives to its Powersports line of products due to persistently low demand. Under the Arctic Cat brand, the Powersports division, part of Textron Specialized Vehicles' Industrial segment…
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December 17, 2024
A spokesperson for Thyssenkrupp said that a spinoff was the best option to divest its defence business. This came after a German paper reported on Tuesday that several bidders had submitted offers for the unit. Carlyle, the German state lender…
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December 17, 2024
Prysmian, an Italian company, signed a framework deal on Tuesday with French electricity grid operator Reseau de Transport d'Electricite to connect two offshore turbine farms to the French transmission network. The deal could be worth up to 700 million euros.
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December 17, 2024
Fincantieri, an Italian company, and Sparkle, a unit of Telecom Italia that deals with submarine cables and surveillance systems for telecommunications cable networks in the oceans have agreed on developing solutions to monitor and protect these cables.
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December 17, 2024
On Tuesday, traders reported that Bangladesh's state grain buyer had issued an international tender for the purchase of 50,000 metric tonnes of rice. The deadline to submit price offers is January 1. According to the Agriculture Ministry, floods…
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December 17, 2024
Developer European Energy announced on Tuesday that the Danish Energy Agency had granted a permit for construction of the 240 megawatt (MW), Jammerland Bugt, offshore wind farm. The project is scheduled to begin operating in 2029. The project…
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December 17, 2024
Initial assessments indicate that seven trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer for 120,000 metric tonnes of wheat. Participants are believed to include CHS, Cargill Viterra, Ameropa Cereal Crops, and Buildcom.
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December 17, 2024
The Iranian judiciary’s Mizan News Agency reported on Tuesday that Iran will auction off two seized oil tanks involved in oil smuggling. Mizan quoted a judiciary official saying that "Two oil tanks Sagha 2... and Ariana... would be sold at the auction".
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December 16, 2024
On Tuesday, the mayor of Taiwan’s capital city told Chinese officials that he wanted peace and less "howling of ships and planes" around the island. He said dialogue is better than confrontation. China, which views democratically-governed Taiwan as its own territory…
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December 16, 2024
Jake Sullivan, U.S. National Security Advisor, said that the AUKUS nuclear submarine partnership between Australia and the United States will be beneficial to the United States. It is also the type of "burden-sharing" deal Donald Trump talked about.
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December 16, 2024
Szabolcs WEORE, New Europe Hungarian skipper, has pulled out from the Vendee globe due to irreparable damages to his boat. Organisers of the solo non-stop unassisted sailing around the world competition announced this on Monday. Weores' IMOCA shroud…
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December 16, 2024
Denys Schmyhal, Ukrainian Prime Minister, said that a deal to allow the transit of Russian Gas through Ukraine would not be extended past the end of this year as certain European countries intensified their search for supplies. Shmyhal wrote…
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December 16, 2024
Denys Schmyhal, Ukrainian Prime Minister, said Monday that a deal to allow the transit of Russian Gas through his country will not be extended past the end of this year. Shmyhal wrote on Telegram after speaking with Slovak Prime Minster Robert…
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December 16, 2024
The EU's crop-monitoring service reported on Monday that cereal fields are in general good condition in Europe after a mild, dry spell helped them recover from an autumn soggy. However, grain belts near the Black Sea lack hardiness for the winter.
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December 16, 2024
Analysts report that the Northwest European imports for residual fuel oil in November were at their highest level in three years. This was due to a rush to replenish the scarce supply of high sulphur fuel oils (HSFO). The Amsterdam-Rotterdam-Antwerp (ARA) area…
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December 16, 2024
Dec 16 - The shattered mast of British sailor PipHare has ended his bid to complete a second Vendee Globe, a 24,000-mile race. The 50-year old woman dismasted the 60ft boat Medallia, about 800 nautical miles south-west of Australia. This ended a solo trip that began on November 10.
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December 16, 2024
In a Monday statement, the EU Commission announced that it had adopted a fifteenth package of sanctions for Russia's invasion of Ukraine. This included tougher measures towards Chinese entities, and more vessels of Moscow's shadow fleet. The total number of vessels listed has increased by 52…
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December 16, 2024
In a Monday statement, the EU Commission announced that it had adopted a fifteenth package of sanctions for Russia's invasion of Ukraine. This included tougher measures towards Chinese entities, and an increase in vessels from Moscow’s shadow fleet.
