Category: Shipping

Greece becomes a hub for Russian oil

Greece becomes a hub for Russian oil

Gepostet von | 31 May 2022 | , , , , | 0

Increasing transshipment of Russian fuel oil off the Greek coast leads to record levels. Sanctions against Moscow are prompting traders to find new ways to export Russian oil via ship-to-ship (STS) cargoes, according to data from Refinitiv Eikon and sources. Trade in Russian crude oil and oil products remains legal for now as the European Union has yet to fully agree on a proposed embargo, but banking and other financial sanctions against Russia following its invasion of Ukraine on 24 February are making this trade increasingly difficult. In April, almost 0.9 million tonnes of Russian heating oil were delivered to Greece, about double...

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Enormous: Suez Canal turnover at 7 billion US dollars

Enormous: Suez Canal turnover at 7 billion US dollars

Gepostet von | 28 May 2022 | , , , | 0

Egypt expects the Suez Canal's revenues to reach around 7 billion US dollars by the end of the current fiscal year, Finance Minister Mohamed Maait said on 21 May. Tourism revenues are expected to reach between 10 and 12 billion US dollars by then, despite the Ukrainian crisis, he added. The Egyptian budget year runs from 1 July to 30 June. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign exchange. Source: Thomson Reuters 2022/...

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Croatia offers Adriatic ports for the transport of Ukrainian grain

Croatia offers Adriatic ports for the transport of Ukrainian grain

Gepostet von | 27 May 2022 | , , , , | 0

The European Commission introduced the so-called "solidarity routes" at the beginning of May to improve connections between the EU and Ukraine for grain exports, while Ukrainian ports remain blocked due to the Russian invasion. Croatia's Adriatic ports could provide an alternative route for the transport of grain from Ukraine, Jutarnji List reported, citing the State Secretary of the Croatian Ministry of European and Foreign Affairs. Following his participation in the General Affairs Council of EU27 ministers in Brussels on 23 May, Andreja Metelko Zgombić said: "During the debate, I pointed out that Croatia's Adriatic ports are available and could offer an alternative route for...

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Operational drive on the northern flank

Operational drive on the northern flank

Gepostet von | 27 May 2022 | , , , | 0

"Mecklenburg-Vorpommern" left Wilhelmshaven for a mission without the usual fuss. Although family members and the music corps were present, there have been no official press invitations for the time being since the outbreak of the Ukraine crisis. Parliamentary State Secretary Siemtje Möller and her Slovakian counterpart Marian Majer were present at the farewell ceremony, as a Slovakian team is also on board. "Following an interim overhaul, the ship and crew have now completed a good nine months of operational training with a clear focus on national and alliance defence tasks," said frigate captain Hendrik Wißler, according to a statement from the navy. The task now is to utilise these capabilities as part of the rapid...

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Yachts hidden by straw man

Yachts hidden by straw man

Gepostet von | 26 May 2022 | , , , | 0

The interest and the gloating continue unabated. It has now been revealed that a "front man" may have hidden Russian yachts worth a billion dollars. In the race to seize the assets of sanctioned Russian billionaires, the US authorities are claiming that a Russian tycoon acted as a "front man" for two yachts worth billions. According to reports, this also includes the 700 million dollar superyacht "Scheherazade", which is associated with Russian President Vladimir Putin. On the South Pacific island of Fiji, the USA is now also trying to seize the 325-million-dollar yacht "Amadea". Court documents there are said to be a...

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