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Singapore fuel oil stockpiles plunge to least expensive in 5-1/2 years

Posted to Maritime Reporter on May 24, 2024

Singapore's onshore fuel oil stockpiles plunged to a 51/2 year low in the week ended May 22, regardless of a rebound in net imports, information revealed on Thursday. Stocks for fuel oil lost 17.46% weekly to log 15.778 million barrels

Ship off Yemen reports missile strike nearby, vessel and team safe, UKMTO states

Posted to Maritime Reporter on May 24, 2024

of Yemen reported a rocket striking the water nearby, Britain's. sea trade monitoring firm reported on Thursday, including that. all team and the vessel were safe and continuing to the next. port of call. The UK Maritime Trade Operations (UKMTO) agency.

India, Egypt leading locations for Russian seaborne fuel oil, VGO exports in April, LSEG information shows

Posted to Maritime Reporter on May 24, 2024

( VGO) exports in April, traders stated and LSEG information showed. Reuters estimations revealed. oil and VGO was redirected to other areas, mostly Asia. 0.4 million lots the previous month. information and Reuters' estimations. traders said.

Baltic index hits near three-week short on weaker capesize rates

Posted to Maritime Reporter on May 24, 2024

on Wednesday, weighed down by lower rates for capesize vessels. or 1.37%, to 1,804, its lowest level considering that May 2. 2,584. coal, to name a few, reduced $586 to $21,429. cargo and an abundance of vessels. said in a weekly note on Tuesday. customer.

Russia prepares to ocean blue terminal for LPG exports to Asia by 2025-end, sources state

Posted to Maritime Reporter on May 24, 2024

2025, 2 market sources stated on Wednesday. the marine terminal in Russia's Far East to deliver LPG. provide the timings for the task completion. The arrangement, signed ahead of President Vladimir Putin's. check out to China on May 16-17, imagines investing 7 billion.

Urals diffs unchanged, CPC Blend oil exports set to rise in June

Posted to Maritime Reporter on May 24, 2024

exports were set to rise in June, sources stated. May, 2 sources acquainted with the matter stated. 12% next month from May, Reuters calculations showed. grade's values, traders said. lower than recent quotes of the grade. rate. Platts window on Tuesday.

Greek court drops charges over fatal shipwreck, 9 males to stroll totally free

Posted to Maritime Reporter on May 24, 2024

the disaster was in international waters. for Italy before it capsized off southwestern Greece on June 14. Only 104 survivors were saved and 82 bodies discovered. coasts, often in small, weak boats. migrant smuggling, triggering a shipwreck and taking part in a.

Celebrating National Maritime Day: Honoring the Past, Navigating the Future

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News ) on May 22, 2024

Every year on May 22nd, the United States celebrates National Maritime Day, a special occasion that recognizes the vital role of the maritime industry in our nation's economy, security, and prosperity.

Ukrainian Navy Claims Successful Strike on Russian Missile Ship and Minesweeper in Sevastopol

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News ) on May 21, 2024

Kyiv, Ukraine - The Ukrainian Navy has announced that it likely inflicted serious damage or sunk two Russian vessels, including the Black Sea Fleet's last missile carrier, during a strike on the bay of Sevastopol in Russian-occupied Crimea on Sunday, May 19.

Sunken Treasure Sparks International Dispute: Indigenous Groups Demand Share in Spanish Galleon's Bounty

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News / Reuters ) on May 21, 2024

In a twist of fate that echoes the colonial past, members of three South American indigenous communities are staking their claim to a share of the treasure from a Spanish galleon that sank off the coast of Colombia 300 years ago.

Desperate Crowds Halt UN Aid Deliveries in Gaza as Humanitarian Crisis Deepens

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News / Reuters ) on May 21, 2024

Gaza's fragile lifeline, a U.S.-built floating pier, has been thrust into the spotlight as desperate crowds intercepted aid trucks, forcing the United Nations to suspend deliveries for a third consecutive day on Tuesday.

Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News / Reuters ) on May 21, 2024

In a stunning turn of events, a Greek court on Tuesday dismissed charges against nine Egyptian men accused of causing a catastrophic shipwreck that claimed the lives of hundreds of migrants off the coast of Greece last year.

Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News / Reuters ) on May 21, 2024

In a chilling televised address, Abdulmalik al-Houthi, the leader of Yemen's Iran-backed Houthi rebels, has issued a dire warning to the world: all vessels bound for Israeli ports, regardless of their location, will now be considered legitimate targets.

US Investigating Potential Risks to Other Bridges Following Baltimore Collapse.

Posted to Maritime Reporter on May 16, 2024

The U.S. Coast Guard is currently conducting an evaluation to determine if other bridges across the country are also at risk following the tragic incident involving a cargo ship colliding with the Francis Scott Key Bridge in Baltimore. The collision…

US Secures Aid Pier on Gaza Beach. Aid Delivery Encounters Challenges Ahead.

Posted to Maritime Reporter on May 16, 2024

The United States took a significant step forward on Thursday by anchoring a temporary floating pier to a beach in Gaza to facilitate aid deliveries. However, similar challenges persist for Washington, the United Nations, and relief groups when…

Portugal's EDPR cuts investment intend on tougher market backdrop

Posted to Maritime Reporter on May 16, 2024

lower power rates and high funding costs. Upgrading its technique, the renewables arm of Portugal's. biggest utility EDP said it would now invest 12 billion. euros ($ 13 billion) over the 3 years, down from an initial. plan of 15 billion euros.

Colombia's Ecopetrol talking to 'very large' players in overseas wind -CEO.

Posted to Maritime Reporter on May 15, 2024

Wednesday. the back of lower sales and a reevaluation of the country's. peso. Earlier this week the business informed Reuters it was conducting. technical, legal and financial analyses of potentially. participating in an overseas wind auction procedure to award areas.

Portuguese court states levy on renewable energies unconstitutional

Posted to Maritime Reporter on May 15, 2024

for years. highest ratios in Europe. energy sector, the exact same quantity as in 2015. deficit after a debt crisis and worldwide bailout. the levy in force. clients that were lower than production expenses. concept of equality. its reduction. earnings tax that energies currently pay.

Siemens Energy shocks distressed wind system after strong outcomes

Posted to Maritime Reporter on May 15, 2024

emerges from its greatest crisis to date. GMT. group to seek billions of euros in state-backed assurances. The turnaround of our wind company is still our focus. Executive Christian Bruch said. group said, including it was time for a generational change. functions at Siemens AG.

Canada's Alberta set to ban renewables jobs on prime land -report.

Posted to Maritime Reporter on May 10, 2024

paper on Wednesday. renewable energy tasks, the paper stated. challenging the federal government's tidy energy ambitions. and produces more than 82% of the nation's petroleum. Canada's power grid emissions-free on a net basis by 2035, a. objective that Alberta's Smith says is impractical.

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