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On the Caspian Sea, Tensions Between Russia and Azerbaijan are Rising

From maritime-executive.com

Tensions are rising between Azerbaijan and Russia over a maritime dispute which is largely unheard-of but which could have significant impact should it erupt.

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British and American Governments Warn of Terrorist Threat in UAE

From maritime-executive.com

On August 8, the British Foreign Office warned British citizens that “terrorists are very likely to try to carry out attacks in the United Arab Emirates.”

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Iran's Crude Oil is Stacking Up at Sea

From maritime-executive.com

Kpler, the commodities and data analysis firm, has calculated that Iran’s stock of crude oil held afloat has increased from 5 to 35 million barrels between January and July this year, with the volume held on tankers now estimated to be 40 million barrels.

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Baltic index gains on higher capesize, supramax rates 

From www.hellenicshippingnews.com

Baltic index gains on higher capesize, supramax rates Baltic index gains on higher capesize, supramax rates.

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Russian Navy Loses New Ice-Class Fleet Tug Shortly Before Delivery

From maritime-executive.com

The Russian Navy's newest ice-class fleet tug has capsized at the pier in St. Petersburg, despite concerted efforts to keep it upright. 

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India holds firm in Trump tariff turmoil

From www.seatrade-maritime.com

Tanker owners are carefully watching President Trump’s Indian tariff strategy which could lead to a significant boost to long-haul crude trades.

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U.S. Trade Deal Secures Peace and Influence in the Caucasus

From maritime-executive.com

The United States appears to have sealed the solution of a complex geopolitical problem in the Caucasus which has proved impossible to solve since the break-up of the Soviet Union, generating several wars and hindering trade and development in the affected countries over the last 35 years.

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ExxonMobil starts production at Yellowtail in Guyana

From corporate.exxonmobil.com

ExxonMobil starts Yellowtail project in Guyana, boosting oil output to 900K BPD with its largest FPSO, launched 4 months ahead of schedule.

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Workboat Diverts to Lanzarote After Finding 49 Stowaways

From maritime-executive.com

Spanish authorities were working to resolve a situation after a workboat traveling from Dakar, Senegal, reported that it had discovered an unusually high number of stowaways hiding amongst the cargo equipment of a barge they were towing.

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Thyssenkrupp Spins Off Submarine Builder TKMS

From maritime-executive.com

After start-and-stop attempts to find a buyer for naval shipbuilding division TKMS, German industrial conglomerate Thyssenkrupp has decided to spin the storied sub builder off as an independent publicly-listed business. 

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Tour Boat Rides the Waves and Runs Aground off Honolulu

From maritime-executive.com

On Saturday, a tour vessel was swept sideways by heavy surf while attempting to transit into a small harbor in Honolulu, sending the boat off course and causing it to ground.

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VLCC rates improving on all Baltic routes 

From www.hellenicshippingnews.com

Clean LR2 LR2 freight in the MEG continued to firm modestly this week. 

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Details emerge on rare modern VLCC sale

From splash247.com

At the end of last week, US tanker owner International Seaways revealed it had agreed to acquire a 2020-built, scrubber-fitted VLCC for $119m. 

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Report warns shore leave is in danger of extinction

From splash247.com

A new report from the ITF Seafarers’ Trust and the World Maritime University (WMU) highlights the continuing absence of shore leave for the world’s seafarers. 

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Dong Fang Offshore lands 15-year SOV contract in Taiwan

From splash247.com

Taiwanese offshore vessel operator Dong Fang Offshore (DFO) has won a landmark 15-year contract with Synera Renewable Energy (SRE) to provide a service operations vessel (SOV) for the Formosa 4 offshore wind project. 

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Well-Safe secures multi-year EnQuest deal worth over $45m

From splash247.com

Well-Safe Solutions has secured a significant decommissioning contract with EnQuest, which is expected to generate over $45m in revenue and position the company for long-term activity in the North Sea. 

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Eastern Pacific lines up feeder boxship series at Mawei Shipyard

From splash247.com

Singapore-based Eastern Pacific Shipping (EPS) has made another move into the feeder container market with a major newbuilding order at China’s Fujian Mawei Shipbuilding.

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Diana Shipping re-fixes ultramax to Cargill at lower rate

From splash247.com

New York-listed Greek bulker owner Diana Shipping has secured a fresh charter deal with Cargill for one of its ultramaxes, albeit at a slightly reduced rate compared to its previous contract. 

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The Tariff Roller-Coaster Ride

From maritime-executive.com

The roller-coaster ride of U.S. tariffs has become very taxing in more ways than one as manufacturers, consumers, shippers and port directors alike wonder what's next.

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Med Marine Launches a State-of-the-Art Tugboat for Remolcanosa

From maritime-executive.com

MED MARINE launched a new RAmparts 2300-W series tugboat for REMOLCANOSA at its EREGLI SHIPYARD on July 18th. 

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Oil prices fall as market eyes US-Russia talks on Ukraine

From energy.economictimes.indiatimes.com

Brent crude futures fell 52 cents, or 0.78% , to $66.07 a barrel by 0041 GMT, while U.S. West Texas Intermediate crude futures fell 58 cents to $63.30.

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Vietnam’s feed demand continues to climb

From www.world-grain.com

FAS: Imports of corn, DDGS projected to grow
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Competition Council clears Maragro acquisition 

From www.world-grain.com

East Grain SA given OK to acquire 90% stake in business
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Indian refiners can do without Russian oil, but with trade-offs

From energy.economictimes.indiatimes.com

Indian refiners, heavily reliant on discounted Russian oil for high distillate yields, face significant economic and strategic challenges if supplies are disrupted.

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