Latest News
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Ukraine claims it has hit two Russian vessels transporting military equipment on the Caspian Sea
Ukraine's Special Forces?said?Friday that they conducted an operation with what they called a local resistance group to strike two Russian ships transporting military equipment and weapons?into the Caspian Sea. They did not specify the date of the'strike. On Thursday, a Ukrainian official claimed that Kyiv had used drones to strike a Russian oil platform in the Caspian Sea for the first-ever time. This disabled the extraction of oil and gas from around 20 wells. The statement by the special forces on Telegram didn't say how or to what extent they hit the vessels. The ships were said to have been hit off the coasts of Russia's?republic Kalmykia. The Composer Rakhmaninoff, and Askar-Sarydzha were named as vessels that the U.S. sanctioned for carrying military cargo between Iran and Russia. The statement stated that the "Black Spark" movement of resistance had provided detailed data on the movements and cargoes of the ships. (Reporting and editing by Alison Williams, William Maclean; Max Hunder and Pavel Polityuk)
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Berlin eyes TenneT Germany majority stake, Boersen-Zeitung says
Boersen-Zeitung, a German newspaper, reported that the German government was in early discussions to 'acquire' a majority stake of?TenneT Germany power grid operations after agreeing in principle to take 25.1%. The financial paper cited sources that said 'Berlin was considering building a consortium with financial investors like Apollo, Blackstone, or Brookfield. Companies and the German Economy Ministry did not respond immediately to a request for comment. Boersen-Zeitung cited sources who said that the German government has also agreed to buy in principle a 25,1% stake in grid company's Dutch parent. Last month, a document from the Ministry of Economy stated that such a deal was close to completion. Berlin is 'considering' buying a 25% stake in order to maintain greater control over critical energy infrastructure, and to secure funding for the?massive investment needed to make the switch to renewable energy. (Reporting and writing by Holder Hansen, Tom Sims; editing by Thomas Seythal).
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Sources say that a vessel caught fire after the Russian attack on Ukraine’s Odesa Region
Two sources familiar with the situation said that a bulk carrier in Ukraine's Odesa area suffered damage and was on fire following a Russian attack on Friday. Sources said that the vessel was anchored in Chornomorsk - one of Odesa's three major Black Sea ports. Last week, Russia threatened to "cut Ukraine?off?from the ocean" in retaliation to Kyiv's attacks on unlicensed oil tankers headed to Russia to export their?oil. The attack on the ship was not clear at first. One source identified the vessel Cenk T. According to MarineTraffic's website, a Panama flagged vessel with that name was identified in the Black Sea about 21 hours ago. Could not independently confirm the flag of the vessel. Sources familiar with the situation have told? The vessel's Turkish owner. Ukraine's airforce reported Friday?missile and a drone attack on Odesa Region. (Reporting and writing by Yuliia Dyesa and Pavel Polityuk; Editing, Alison Williams, Kirby Donovan).
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LSEG data show that Russia's Sibur has shipped LPG to China from Ust-Luga for the first ever.
According to traders and LSEG's ship-tracking data, Sibur, Russia’s largest producer and supplier of liquefied gas, delivered a.first cargo to China via the Baltic Sea port of Ust-Luga. Sibur mainly supplies LPG to Turkey. However, the demand for LPG has declined by?5%-6% per year, according to traders. Algeria and the U.S. also dominate its market. A trader commented that it was becoming increasingly difficult to export additional LPG volumes to Turkey. According to LSEG the large gas?carrier Pacific Moon has arrived in the Chinese port of Quanzhou, located in?the southern Fujian area at the end November. According to industry sources, the company delivered approximately 33,000 metric tonnes of propane at Ust-Luga by mid-October. Sibur didn't immediately respond to a comment request. Sibur began supplying LPG in Ghana, West Africa, and India earlier this year. The company used medium gas carriers capable of transporting up to 20,000 tonnes of cargo. According to industry sources and LSEG, Sibur increased LPG'supplies' from Ust-Luga from January to November by 70%, to 860,000 tonnes, on an annual basis, after reducing them by 37% in 2024 to 570,000 tones from 2023. Reporting by. Mark Potter (Editing by Mark Potter).
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Minister says that Brazil will auction off the massive Santos Container Terminal in early March.
The federal government of Brazil plans to auction off the massive Tecon '10 container terminal at Santos Port in the first half of March, said Minister of Ports and airports Silvio Costa Filho on Friday. He said that more than 10 bidders have expressed interest in the auction, including the Philippines-based ICTSI, JBS, JSL and unnamed 'Arab investors. The Minister said that the minimum bid price will be below?6.4 billion (about $1.19 billion), the amount of money the winning bidder must invest to build and run the terminal. Roberto Lopes confirmed that the Rio Brasil Terminal, controlled by ICTSI will participate 'in the auction, and will 'bid alone with no partners. JBS did not respond to comment requests immediately. JBS is listed in New York, and it has a container contract in the southern Brazil. JSL also did not respond to comment requests. The Brazilian Federal Audit Court (TCU), citing market concentration concerns, recommended earlier this week that the operators of the existing container terminals in the Santos Port be banned from participating in the first round of bidding. The decision has dealt a serious blow to container terminal operators in Latin America’s largest port, including Danish shipping group Maersk and MSC. The recommendation states that these companies can only enter the second phase of the auction if they do not receive any valid bids in the first.
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Cathay passenger arrested for trying to open the door in flight from Boston to Hong Kong
Hong Kong Police?said Friday that they had 'arrested' a passenger who was on Cathay Pacific CX811 flight between Boston and Hong Kong. The carrier claimed the individual attempted to?open a door in mid-flight, on December 10th. The airline stated that no passengers or crew were injured, and the flight safely landed early on Thursday. The incident is being investigated by the?police force of the city. Cathay Airlines said that the cabin crew acted immediately to resolve the issue, checked the door to make sure it was closed securely, and reported the incident both to the authorities and police. The case was?turned over to police for an investigation. "At?Cathay the safety of both our crew and customers is at the forefront of every decision we make." Hong Kong police confirmed the incident, and said that a male 20-year-old from mainland China was arrested on suspicion of violating Aviation Security Ordinance. (Reporting and editing by Tom Hogue; Farah master, Farah)
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JD.com promises $3.12 billion in housing support for couriers
JD.com is one of China's biggest e-commerce firms. It has pledged to provide housing support for its army of couriers. JD.com announced its move in a Friday post on the official WeChat page of its company. This follows a similar pledge made by food delivery firm Meituan. Meituan announced last month that it would invest 10 billion Yuan over the next five years in order to create a comprehensive welfare system for delivery riders. JD.com, Meituan and Alibaba have been fighting for the market share of instant retail, or goods that are delivered in an hour. The competition has led companies to spend billions on?subsidies and discounts for consumers, which have squeezed profit margins and prompted regulatory scrutiny. Chinese authorities have summoned Meituan and JD to encourage them to engage in rational competition. China's 12 million estimated couriers, who ride around on bicycles wearing the brightly colored uniforms of their employers, delivering anything from bubble tea and iPhones, are under increased pressure. In recent years, the plight of delivery workers in China has been brought to the attention of the public through hit movies and best-selling memoirs. Viral videos on social media have also highlighted the precarious lives of these drivers. As a response, some firms have improved the'social insurance coverage of couriers, and others have altered incentive structures to reward riders for making timely deliveries, instead of penalising them for being late. JD.com said in a Friday post that it had already provided housing for 28,000 front-line staff and would provide 150,000 over the next five years. Meituan offers subsidised "Rider Apartments", which are affordable and secure housing. Rents in certain areas of Beijing can be as low as 50% of the market rate.
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Cathay passenger opens aircraft door in flight from Boston to Hong Kong
Cathay Pacific confirmed on Friday that on December 10, a passenger aboard flight CX811 from Boston to Hong Kong tried to open an aircraft's door in mid-flight. The airline stated that no passengers or crew members were injured, and the flight "landed safely" early on Thursday morning. The police are now handling the incident. Hong Kong Police Department did not?respond immediately to a request for comment. Cathay stated that "our cabin crew immediately attended to the problem, checked the door to make sure it was closed securely, and reported the matter to the appropriate authorities and police." The case was handed to the police for an investigation. "At Cathay, the safety of our crew and customers guides all?decisions?we take." The South China Morning Post reported that the passenger was a 20-year old?mainland Chinese. The South?China Morning Post was unable to independently verify passenger's identification. Reporting by Farah Masters; Editing and proofreading by Tom Hogue
NTSB sanctions Boeing over release of 737 MAX investigation details, flags to DOJ
The National Transportation Safety Board stated early on Thursday it was sanctioning Boeing for revealing nonpublic information of the ongoing examination into a 737 MAX midair emergency situation and referring its conduct to the Justice Department.
The NTSB stated Boeing had actually blatantly violated the agency's. investigative policies by offering non-public investigative. information to the media and speculating about possible causes. of the Jan. 5 Alaska Airlines door plug blowout.
The relocation by Boeing has actually further deepened the stress. between the crisis-hit planemaker and government agencies at a. time when it is trying to prevent criminal charges being brought. by the U.S. Department of Justice (DOJ) ahead of a July 7. due date.
The NTSB stated Boeing would maintain its status as a party to. the examination into the Alaska Airlines incident, however it. would no longer have access to the information the agency. produces during its probe.
The planemaker will not be enabled to ask concerns of. other participants at an investigative hearing on August 6-7,. whereas other individuals at the hearing will be enabled to do. so.
As a party to numerous NTSB investigations over the past. years, couple of entities understand the guidelines much better than Boeing, the. NTSB stated.
The NTSB said Boeing had actually breached a contract with the. company throughout a media instruction about quality improvements at its. commercial airplanes division on Tuesday in Washington state.
A Boeing executive provided investigative information. and gave an analysis of factual information formerly. launched, the company said. Both of these actions are. forbidden by the party arrangement that Boeing signed.
The NTSB, which will subpoena Boeing to appear at the. investigative hearing in August, also said it would refer. Boeing's recent conduct to the DOJ.
Boeing did not react right away to an ask for comment. outside normal organization hours.
DOJ SCRUTINY
In May, the DOJ stated Boeing had broken a 2021 settlement. arrangement with district attorneys that protected it from criminal. prosecution over its interactions with the Federal Air travel. Authority prior to deadly MAX crashes in 2018 and 2019 that. eliminated 346 people.
Even before the NTSB sanctions, U.S. prosecutors were. suggesting criminal charges be brought against Boeing after. discovering it broke the deferred prosecution arrangement that. needed it to upgrade its compliance practices, . reported on Sunday.
Given that Boeing is under investigation by the U.S. Department of Justice in relation to its Deferred Prosecution. Agreement ... the NTSB will be coordinating with the DOJ Scams. Department to provide information about Boeing's current unapproved. investigative info releases in the 737 MAX 9 door plug. examination, the agency stated.
The DOJ has a different criminal probe into limit 9. door plug emergency. In February, the NTSB said the door panel. was missing out on four key bolts.
The NTSB stated on Thursday that after it had actually discovered of. the unauthorized release of information, Boeing offered the. company with a records of the media rundown.
The transcript exposed that Boeing offered non-public. investigative details to the news media that NTSB had not. validated or authorized for release, the NTSB said.
Boeing offered viewpoints and analysis on elements it. suggested were causal to the accident, it added.
It is the latest stress between Boeing and the NTSB. In. March, NTSB Chair Jennifer Homendy stated at a U.S. Senate hearing. that Boeing had failed to provide the names of staff members on its. 737 MAX door team for 2 months, drawing criticism from. lawmakers. Boeing then rapidly provided the names.
The NTSB stated on Thursday that Boeing had actually portrayed its. investigation to media as a search to locate the person. accountable for the door plug work.
The NTSB is instead concentrated on the possible cause of the. mishap, not positioning blame on any individual or evaluating. liability, the agency stated.
The criticism of Boeing followed Homendy said on Tuesday. that railroad operator Norfolk Southern threatened the. board, looked for to make evidence and failed to offer. documents during its examination of a 2023 Ohio derailment.
(source: Reuters)