Four men, including the chief officer of an international livestock carrier, have been charged over their alleged roles in an organised crime plot to import more than 525kg of cocaine into Australia, after packages of the drug were found floating in the ocean off Western Australia.
"Since the start of July, Panama Canal bulker transits have fallen 22% y/y. Bulkers have faced increased competition for transit slots from other sectors, especially tankers, as the US has boosted energy exports to Asia. El Niño is also expected to lead to lower water levels, which mean transit restrictions and thus heightened competition for available capacity,” says Filipe Gouveia
Energy prices surged on Thursday after Iran struck the world’s largest LNG complex, causing damage that Qatar said could take five years to repair, as the energy sector's worst fears about the war launched by the U.S. and Israel on Iran came true.QatarEnergy CEO Saad al-Kaabi told Reuters the state-owned gas company may have to declare force majeure on long-term contracts to Italy, Belgium
The United States on Thursday issued new sanctions targeting Venezuela, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.The action came as the U.S. executes a large-scale military buildup in the southern Caribbean and as U.S.