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EU Naval Mission says LPG-laden Tanker is on Fire Off Yemen
In a press release, Aspides, the European Union naval force, said that the LPG-laden vessel MV Falcon, was on fire off the coasts of Yemen on Saturday after its crew reported an explosion which forced them to abandon ship. Aspides stated that the cause of explosion was not clear but it most likely an accident based on initial indications. Aspides said that at least 15 percent of the Cameroon flagged vessel was on fire. Aspides warned vessels to maintain a safe distance because the tanker, which was loaded with liquefied gas, could explode. Aspides stated in a press release that "the fire onboard is growing." "MV Falcon is a navigational danger." "Everyone in the area should exercise caution." The 26 crewmembers were being rescued by an operation. Two merchant ships sailing in the area have recovered 24 seafarers so far. Two merchant vessels, one of which was the MV Veda took the seafarers rescued from the ship to Djibouti escorted a Greek frigate. Aspides reported that two crew members have been reported missing. Ambrey, a British security company, said that the MV Falcon was traveling from Oman's Sohar Port towards Djibouti. The explosion happened as the ship was sailing 113 miles south of Aden, Yemen. According to maritime security sources, neither unmanned aerial vehicles nor missiles had been detected. Ambrey stated that the tanker did not match the profile of the Houthi militants in Yemen who are Iran-aligned. According to the Houthi news agency Saba, an official in the Houthi Defence Ministry said that the group has no connection with the incident. Since 2023, Houthi militants claim to have carried out numerous attacks against vessels in the Red Sea in solidarity with Palestinians in response to Israel's Gaza war. The attacks disrupted the flow of trade through the Red Sea, the Suez Canal and one of the busiest shipping routes in the world. Reporting by Enas Al Alashray and Muhammad Al Gebaly; Editing by Jan Harvey, Barbara Lewis and Renee Maltezou
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At least 15 people are killed in a bus crash that occurred in the northeastern region of Brazil
In a statement, the Brazilian Federal Highway Police reported that a bus accident occurred in Pernambuco in northeastern Brazil on Friday evening. The driver of the bus lost control and caused the crash. Accident occurred just before 8 pm. The driver lost control, went into the opposite lane and hit rocks along the side of highway. He then crashed with a sand embankment, overturned, and collided. According to the Federal Highway Police, the Federal Highway Police is investigating the causes of the accident. According to the police list, there were 30 passengers aboard. So far, half have been confirmed as dead, 11 women and 4 men. Total number of injuries has not been revealed. The driver suffered minor injuries. According to the statement, he underwent a test of breathalyzer, and received a normal result. The police said that there were indications some passengers might not have worn seat belts during the accident. (Reporting by Rodrigo Viga Gaier. (Writing by Luciana Magnalhaes Editing Marguerita Choy.
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Fire at Dhaka Airport cargo terminal causes flight delays and diversions
Officials said that flights out of Bangladesh’s main airport on Saturday were either delayed or diverted after a large fire broke out at the cargo terminal. Talha Bin Zassim, an officer with the Fire Service and Civil Defence Media Cell said that 36 firefighting units were working to put out the flames. Airport official Masudul Hasan informed reporters that operations at Dhaka’s Hazrat Shahjalal International Airport have been suspended. He added that all aircraft were safe. The cause of the fire was not immediately known. The problem affects both domestic and international flights. Air Arabia from Sharjah, United Arab Emirates, diverted a flight from Delhi bound for Dhaka to Chittagong and IndiGo from Delhi bound for Dhaka to Kolkata. Officials said that a Cathay Pacific plane from Hong Kong circled in the air after it failed to land at Dhaka Airport. The fire service, army, navy and air force all worked together to put out the fire. This is the third fire in Bangladesh reported this week. The fire that broke out at a Bangladeshi garment factory and adjacent chemical storage facility on Tuesday killed four people. At least 16 people Others were injured. Another fire destroyed a building of a Chittagong export processing zone garment factory on Thursday.
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Security firm reports that a tanker with a Cameroon flag issued a distress call to Ahwar in Yemen.
Ambrey, a British maritime security company, said that a tanker flying the flag of Cameroon issued a distress signal on Saturday following an explosion aboard as it passed around 60 nautical miles south-southeast of Ahwar in Yemen. The cause of explosion is unclear. Ambrey confirmed that it had received radio communications from the crew indicating their intention to abandon ship. A search and rescue effort was in progress. Ambrey said that the vessel was traveling from Oman's Sohar Port, to Djibouti. The tanker is not thought to have been linked to the Houthis, Yemen's Iran aligned militia. Since 2023 they have attacked numerous vessels in the Red Sea, targeting vessels they believe are linked to Israel as a show of solidarity with Palestinians in response to Israel's Gaza war. The attacks disrupted the flow of trade through the Red Sea, the Suez Canal and one of the busiest shipping routes in the world. Reporting by Enas Al Gebaly and Muhammad Al Gebaly, Editing by Jan Harvey & Barbara Lewis
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Sky News reports that Heathrow is considering WPP boss Jansen to be chairman.
Sky News reported that Philip Jansen, former CEO of BT Group and now chairman of marketing services group WPP is in advanced discussions with Heathrow’s board of directors and shareholders about becoming the chairman of the airport. The report cited sources to say that Jansen was the clear frontrunner of the shortlisted candidates. An announcement could be made within weeks, if discussions are successful. Could not verify the report immediately. Heathrow Airport didn't immediately respond to an inquiry for comment. Sky News reported in July that the British aviation hub had been working with headhunter Russell Reynolds Associates on recruiting a successor for Paul Deighton who assumed the position in 2016. Deighton’s term as chairman would have ended on April 30th, 2025 after nine years. Due to recent board changes, and the relatively new appointments of leadership, Deighton was asked to extend his tenure. Deighton stated in the annual report of the company that "I have... accepted to extend my role for a limited time as Chair to ensure continuity and security on the HAHL Board throughout this period transition". Sky News reported that Jansen’s experience as CEO of BT Group – a regulated company – from early 2019 until the end of 2024 was a key factor in his selection as he preferred candidate. According to his WPP profile, the executive began his career with Procter & Gamble and has held leadership positions at Sodexo Group and Telewest. He also worked at MyTravel, Travis Perkins and Sodexo Group. Rhea rose Abraham, Bengaluru reporter; Jan Harvey, editor
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China Eastern Airlines resumes flights as China and India restore air connections
China Eastern Airlines, a state-owned airline, will resume Shanghai to Delhi flights on November 9, according to the website of the airline. This comes as China and India resume their direct air links after a five year diplomatic freeze. According to the airline's ticketing platform, flights will be operated three times per week, on Wednesdays. Saturdays and Sundays. China Eastern Airlines didn't immediately respond to a request for comment sent via email. The Indian Foreign Ministry announced earlier this month the resumption of commercial flights between India and its neighbours after a 5-year-long freeze. The announcement came after Indian Prime Minister Narendra Modi visited China for the first time in seven years to attend a regional security summit of the Shanghai Cooperation Organisation. Both sides discussed how to improve their trade relations, and Modi expressed concern about India's growing bilateral trade deficit. The Indian and Chinese foreign ministers did not respond immediately to requests for comments on the Shanghai-Delhi flight. IndiGo, India's largest airline, announced previously that it would begin daily non-stop flight between Kolkata and Guangzhou. Guangzhou Baiyun International Airport, a state-backed airport, said that when IndiGo announced its plans to expand direct flights between Guangzhou (China) and Delhi (India), it would encourage airlines like IndiGo to offer more routes. After deadly clashes on their Himalayan border, the two countries suspended direct flights in 2020. This led to a long-lasting military standoff. (Reporting and editing by Tom Hogue; Amy Lv and Colleen howe)
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Ship tracking data shows Sinopec diverts supertanker away from US-sanctioned ports
According to Chinese consultants and ship tracking data, the latest U.S. sanction on a major Chinese crude terminal has forced Sinopec to divert one supertanker from its route and to ask certain plants to reduce crude processing rates. LSEG data revealed that a supertanker transporting oil to the Chinese Port of Rizhao, in Shandong Province, changed its destination at the weekend after U.S. sanctions were imposed on Friday on an import terminal located there. JLC Consultancy estimated that Sinopec’s October runs could drop by 3.36% compared to earlier plans, and may be around 5.16 million barrels a day. Sinopec has not responded to comments immediately. LSEG data revealed that the supertanker New Vista chartered by Sinopec’s trading arm Unipec, originally scheduled to discharge in Rizhao, on Sunday, has changed its destination to Ningbo or Zhoushan, for arrival on 15 October. New Vista is capable of carrying 2 million barrels and currently carries Abu Dhabi's Upper Zakum crude. The U.S. Treasury listed the Rizhao Shihua crude oil terminal, which is half owned by a Sinopec logistic unit, in a series of sanctions, including ships that transport Iranian crude and liquefied petrol gas. The U.S. announced that the terminal in Lanshan, in Shandong Province, a major Chinese oil refinery hub, had been sanctioned because it received Iranian oil aboard vessels sanctioned by the U.S. According to analysts and industry executives, one-fifth (or a fifth) of Sinopec’s crude oil imports passes through the Rizhao Terminal.
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Aeromexico, backed by Apollo, seeks a valuation of up to $2.9 Billion in US IPO
Grupo Aeromexico announced on Friday that it was aiming for a valuation up to $2.92billion in its U.S. Initial Public Offering, as the Mexican airline looks to go back public after more than two years. Aeromexico, based in Mexico City, and its existing shareholders seek up to $234.5 millions by offering 11,7 million American depositary shares priced between $18 and 20 each. After a successful bankruptcy reorganization, mature companies are often looking to return to the public markets. Aeromexico filed Chapter 11 bankruptcy in 2020, with $2 billion of debt. The pandemic had a major impact on travel demand. Aeromexico, which emerged from bankruptcy in 2022, is now backed by the alternative asset manager Apollo Global as well as U.S. carrier Delta. PAR Investment Partners, a private investment fund, intends to buy $25 million worth of Aeromexico stock in a simultaneous private placement. The price per share will be 95% of the IPO. Aeromexico was one of the first names to be used in the United States. IPO pipeline Publicly File paperwork In May 2024, LATAM Airlines, based in Chile Return to the Homepage After a $456,000,000 IPO, the New York Stock Exchange will be open in July 2024. PUBLIC MARKETS RETURN The legacy airline, founded in 1934 under the name Aeronaves was nationalized in 1959 by the Mexican Government. In 1971, it began operating under the name "Aeromexico". Aeromexico had been owned by the state for many decades, until 2007 when an investor group led by Citigroup bought it for $250 million. Bidding war Saba Family - The full-service carrier first went public in 2011, and traded on the Mexican Stock Exchange until 2022. Delisted As part of its bankruptcy restructuring. Aeromexico is a low-cost carrier that competes with Volaris, a low-cost airline focused on leisure and business passengers. Barclays, Morgan Stanley J.P. Morgan, and Evercore are all joint book-running managers. Aeromexico intends to list at the New York Stock Exchange using the symbol "AERO." (Reporting and editing by Anuj T. in Bengaluru, Arasu Kanagi Basil; Shrey Biswas).
US reactions to President Joe Biden's decision not to seek reelection
U.S. President Joe Biden on Sunday ended his reelection project. He said in a letter posted on social media platform X that he would stay in office until the end of his term and address the country later today on his choice.
Below are responses from political leaders, industry and advocacy groups and other observers.
VICE PRESIDENT KAMALA HARRIS
I am honored to have the president's endorsement and my intent is to earn and win this nomination, Harris stated in a. declaration. I will do whatever in my power to unite the. Democratic Celebration - and join our country - to defeat Donald Trump. and his severe Task 2025 agenda.
FORMER PRESIDENT DONALD TRUMP
In a phone call with CNN minutes after Biden revealed his. exit from the 2024 race, former President Trump reacted, He. is the worst president in the history of our country. He goes. down as the single worst president without a doubt in the history of our. nation. Trump also said he believed Vice President Kamala. Harris will be easier to defeat than Biden would have been,. according to CNN.
PREVIOUS PRESIDENT BARACK OBAMA
I likewise know Joe has never ever backed down from a fight. For him. to look at the political landscape and choose that he should. pass the torch to a brand-new candidate is certainly one of the toughest in. his life. However I know he wouldn't make this decision unless he. believed it was right for America, the former president said in. a statement. I have remarkable confidence that the leaders. of our party will have the ability to create a process from which an. exceptional nominee emerges.
CHUCK SCHUMER, SENATE MAJORITY LEADER
Joe Biden has not just been a great president and a fantastic. legal leader but he is a really amazing human. His. choice of course was hard, but he once again put his. country, his party, and our future first. Joe, today reveals you. are a true patriot and fantastic American, the Democrat said in a. statement.
ELISE STEFANIK, HOME REPUBLICAN CONFERENCE CHAIRWOMAN
If Joe Biden can't run for re-election, he is not able and. unsuited to work as President of the United States. He must. instantly resign, Stefanik said in a declaration.
INDEPENDENT GOVERNMENTAL CANDIDATE ROBERT F. KENNEDY JR.
I applaud President Biden for stepping down. His. imperfections appeared to any unbiased observer from the. starting. It was this progressive deterioration - and his. abandonment of Democratic Party principles - that prompted me to. go into the race and ensure American voters had a viable, energetic. alternative to Donald Trump, Kennedy stated in a post on X.
HAKEEM JEFFRIES, HOME DEMOCRATIC LEADER
America is a better location today since President Joe Biden. has actually led us with intelligence, grace and self-respect. We are forever. grateful, Jeffries said in a statement.
STEVE SCALISE, HOME BULK LEADER
Democrat party managers simply proved that they have definitely. no regard for their own voters. After lecturing others about. democracy, they simply forced Joe Biden off the ticket-- trashing. the primary option of 14 countless their own citizens, Scalise,. a Republican politician, stated on X.
CONGRESSIONAL BLACK CAUCUS POLITICAL ACTION COMMITTEE
Americans and democracy-loving people world owe Joe. Biden a financial obligation of thankfulness. The Congressional Black Caucus PAC. signs up with President Biden in totally supporting Kamala Harris as our. celebration's candidate, the company said in a declaration published to. X.
NANCY PELOSI, U.S. REPRESENTATIVE AND FORMER HOME SPEAKER
President Joe Biden is a patriotic American who has always. put our nation initially. His tradition of vision, worths and. management make him among the most consequential Presidents in. American history. With love and thankfulness to President Biden for. constantly believing in the promise of America and providing people the. opportunity to reach their satisfaction. God blessed America with. Joe Biden's achievement and goodness.
GAVIN NEWSOM, GOVERNOR OF CALIFORNIA
President Biden has been an extraordinary, history-making. president-- a leader who has actually combated hard for working individuals and. provided amazing results for all Americans. He will decrease. in history as one of the most impactful and selfless. presidents, Newsom posted on X.
NANETTE BARRAGÁN, CHAIR OF THE CONGRESSIONAL HISPANIC CAUCUS
I am with you @JoeBiden - I back @KamalaHarris as our. Democratic candidate & & will work relentlessly to make certain she is. chosen our next President in November, Barragán stated in a post. on X.
SOUTH CAROLINA DEMOCRATIC CONGRESSMAN JIM CLYBURN
I echo the good judgment [President Biden] shown. in selecting Vice President Harris to lead this country along with. him, and I am proud to follow his lead in assistance of her. candidateship to prosper him as the Democratic Celebration's 2024 nominee. for president, Clyburn said in a statement
ANDY BESHEAR, GUV OF KENTUCKY
Beshear, whose name has also been floated as a possible. contender as president or vice president, applauded Biden for. acting in the best interest of our nation, and our party and. for an effective presidency that got big, crucial things. done.
Now it is time for our nation to come together, he added. in his post on X.
PETER WELCH, U.S. SENATOR
Welch, the very first Democratic Senator to get in touch with Joe Biden to. drop his reelection run, on Sunday praised the president for. ending his mission, stating he showed profundity and excellent. humbleness and put the nation first.
It was a painful choice, Welch stated in an interview. with . Every fiber of his being wished to continue to. fight and to beat Trump again.
Welch decreased to back Harris, who he acknowledged was. the frontrunner to replace Biden.
The Democrats ought to have an open procedure so that whoever. our nominee is, consisting of Kamala, has the strength of having a. procedure that reveals the agreement position of the celebration, he. said.
BARBARA LEE, U.S. AGENT
Lee, a former chair of the Congressional Black Caucus, stated. in a phone interview there is no other choice but to choose. Harris as the party's candidate.
She is the best vice president, Lee said. She is. skilled, capable and smart. She has belonged of the. Biden-Harris tradition that requires to continue.
GRETCHEN WHITMER, GOVERNOR OF MICHIGAN
President Biden is a terrific public servant who knows much better. than anyone what it takes to defeat Donald Trump. His remarkable. work to lower prescription drug costs, fix the damn roads, bring. supply chains home, address environment modification, and guarantee America's. global leadership over years will decrease in history. My job. in this election will remain the same: doing everything I can to. choose Democrats and stop Donald Trump, a convicted felon whose. agenda of raising families' expenses, banning abortion across the country,. and abusing the power of the White Home to settle his own. scores is entirely wrong for Michigan, Whitmer said on X.
UNITED AUTOMOBILE WORKERS
Vice President Kamala Harris strolled the picket line with us. in 2019, and in addition to President Biden has actually brought work and. jobs back to communities like Lordstown, Ohio, and Belvidere,. Illinois. That's the tradition President Biden leaves and that's. the work we will continue to develop on as a union, the union. stated in a declaration.
COCK DURBIN, SENATOR AND BULK WHIP
Throughout his public profession, Joe Biden always put nation. first. His 4 years as President made it clear that he was. identified to put our country back on track and bring back the soul. of our country. America will be permanently grateful for all he has. given to this nation, Durbin published on X.
FORMER PRESIDENT COSTS CLINTON AND FORMER SECRETARY OF STATE. HILLARY CLINTON
We are honored to sign up with the President in backing Vice. President Harris and will do whatever we can to support her,. the Clintons stated in a statement.
(source: Reuters)