No cargoes of North Sea Brent crude oil are scheduled to load in August as production steadily declines, traders told Reuters on Tuesday, marking a milestone for the global Dated Brent oil benchmark, which prices over 60% of the world's oil.Brent crude from the North Sea lends its name to the global Dated Brent benchmark
Griffin-Woodhouse, a West Midlands based company, has secured a long-term contract as Key Supplier/Subcontractor to Briggs Marine to supply chain and accessories to the Ministry of Defence (MoD) in UK, Gibraltar, Cyprus, Ascension and Falkland Islands.The contract, which is the single largest in GWEC’s history, has been awarded by Briggs Marine Contractors
Shipbuilding in the United States has seen a heightened profile with increased attention from Congress and the Trump 2.0 Administration. The ongoing dialogue regarding reinvigorating the U.S. deep sea fleet has brought mainstream attention to vessel construction, which has been nearly absent in recent years.
Physical crude oil cargoes are selling at steep discounts around the world, changing trade flows as markets come under pressure from fast-rising Middle Eastern supply with Iran set to boost sales following a temporary reprieve from U.S. sanctions.The discounts, the biggest in years in some cases, follow the signing of a 60-day interim deal between the U.S.
Shipbuilding, steel, AI and energy infrastructure will be recognized as critical for national security, with new guidance prioritizing contracts for British business where necessary to protect national security.Recent events have shown the fragility of global supply chains, and the importance of ensuring domestic capacity in key sectors which are vital for national security.
Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters.A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U.S.
Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil.India is the biggest buyer of seaborne crude from Russia, which is under Western-led sanctions over its war in Ukraine.