European Union countries agreed to set price caps on Russian refined oil products to limit Moscow's funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday.EU diplomats said the price caps are $100 per barrel on products that trade at a premium to crude, principally diesel, and $45 per barrel for products that trade at a discount, such as fuel oil and naphtha.
The Ukrainian port of Odesa was not operating on Sunday after the latest Russian attack on the region's energy system, Agriculture Minister Mykola Solsky said, but added that grains traders were not expected to suspend exports.Two other ports - Chornomorsk and Pivdennyi - authorized to export grains from Ukraine under a deal between Russia and Ukraine were partially operating, he said.
Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials frustrated by the
A Danish court on Monday found a Nigerian man guilty of endangering the lives of Danish military personnel in a shooting incident last November involving Denmark's navy and a crew of suspected Nigerian pirates in the Gulf of Guinea.However, the court declined to sentence the Nigerian, Lucky Frances, 40, despite a call from the prosecutor for a prison sentence of 12 to 15 months.
The United Nations, Turkey, and Ukraine are pressing ahead to implement a Black Sea grain deal with a transit plan in place for 16 ships on Monday, despite Russia suspending its participation in the pact that has allowed the export of Ukrainian agricultural products to world markets.Russia, which invaded Ukraine on Feb.
Divers sealed two tank vents that leaked fuel from a bulk carrier that was damaged and beached after a collision off the British enclave of Gibraltar on the southern tip of Spain, local authorities said on Thursday.The hull of the bulk carrier OS 35 broke after the collision with an LNG tanker and started leaking fuel oil on Wednesday, but the vessel has not broken into two parts.
The first grain ship to leave a Ukrainian port under a deal brokered last month will not arrive in Lebanon on Sunday as planned, the Ukrainian embassy in Lebanon said.The Razoni left Odesa on the Black Sea early last Monday carrying 26,527 tonnes of corn and was set to dock on Sunday in the northern Lebanese port city of Tripoli, according to Ukrainian officials and Lebanese port authorities.
South Korean contract workers at the country's No.3 shipbuilder agreed on Friday to end their strike after accepting a much smaller wage hike than demanded as well as job guarantees, union officials and subcontractors said.Since late last month, about 100 sub-contractors pressing for an increase of 30% have occupied the main dock at the shipyard run by Daewoo Shipbuilding & Marine Engineering
The South Korean government on Monday called on striking workers at Daewoo Shipbuilding & Marine Engineering (DSME) to end their month-long siege of a dock at the company's biggest shipyard, which has paralyzed production and is delaying delivery of new vessels.Finance Minister Choo Kyung-ho called the occupation "outright illegal" and pledged a "stern response based on law and order.
The Biden administration is partnering with 11 East Coast states to accelerate the development of offshore wind facilities, including addressing supply chain issues, advancing construction and boosting jobs, the White House said on Thursday.The move is part of President Joe Biden's push into cleaner energy technologies as part of its efforts to address climate change and comes as rising prices
Iran's state maritime body said on Saturday the crew of two Greek tankers seized by its Revolutionary Guards on Friday had not been detained, and were in good health and being cared for on board their vessels.Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United
Just under 500 seafarers remain stuck onboard 109 ships at Ukrainian ports - skeleton crews who were left on board to enable their crew mates to be evacuated amid the conflict with Russia, shipping officials said on Friday.Those remaining should be allowed safe passage out too, the International Chamber of Shipping (ICS) association said.