Latest News
-
Data shows that a new LNG tanker with Russian flag has started operations at a US-sponsored project
Data from LSEG showed that a newly Russian-flagged LNG Tanker - Arctic Express – has picked up a cargo from a floating storage unit used to 'trans-ship' gas from a 'project called Arctic LNG 2, a project which is subject to U.S. sanctions. Arctic LNG 2, originally planned to be Russia's biggest LNG plant with a final output of 19,8 million metric tonnes per year, continues its operations despite U.S. restrictions, with China as the main buyer. According to LSEG, Arctic 'Express' loaded a LNG cargo near the arctic port of Murmansk in June and headed west. The destination of the cargo was unclear. Arctic 'Express' was one of the two new LNG tanks?that have appeared on Russia's registry in recent weeks. According to Equasis, the tanker carried the Sierra Leone flag until May 1. Avacha, formerly T?Handan (flag of Panama), was the other tanker that has recently been added to the registry. These tankers were constructed in 2007 and 2008. Both vessels have been reflagged with the Russian flag. Russia added four more LNG carriers to their fleet a few months ago: Orion (Luch), Merkuriy (Merkuriy) and Kosmos. All four were built in 2005-2006 and transferred to new owners before being reflagged as Russian vessels. After the European Union banned imports of Russian LNG under short-term contracts on April 25, Moscow has sought to diversify its LNG supply. A ban on long-term agreements will be implemented by the EU on January 1, 2027. (Reporting and Editing by Susan Fenton).
-
Fuel shortages are spreading to other parts of Russia due to the Ukrainian attack
Residents say that the U.Krainian attacks have caused fuel shortages in parts of southern Russia and even in Moscow. In nearly all of Russia, fuel purchases are now restricted. This is especially true in Russia-occupied Ukraine, southern Russia, and Siberia. Moscow and a few other mainly remote areas are the only ones without formal restrictions. However, even in the capital there are some stations that have been closed and others with long queues. At a Sunday meeting with government officials and other officials, President Vladimir Putin acknowledged that Ukrainian drone attacks had caused fuel shortages in certain regions. He said that Russia is dealing with the situation. Ukraine, in the recent weeks, has attacked supply lines in Crimea. This is a region that Russia annexed from Ukraine in 2014 and captured in 2014. The authorities have reduced hours of operation for public transport, cafes and fuel sales. On Monday, when the Crimean capital Sevastopol offered limited gasoline sales to the public, drivers queued up to pay 189 roubles per litre, nearly triple the normal price. Rostov-on Don, a city in southern Russia near the border of south-east Ukraine, is also experiencing shortages. There were some pump hoses that had "no fuel written on them". A petrol station displayed a sign that read "Fuel Sales?have?temporarily been suspended". Vladimir, who only gave his first name had tried to fill his motorbike with gas without success. "I was a courier. I quit my job. Thanks, everybody!" He said. According to the Moscow Fuel Association, in Moscow, where an?oil refinery was destroyed by a Ukrainian drone a week earlier, major filling stations operated by state-run oil companies have kept their prices largely unchanged. There have been fuel queues in some parts of the city. Prices at some privately-owned filling stations have increased by over 10%, to about 80 roubles per litre.
-
There are some flights to the Middle East that have resumed but there is still disruption.
As diplomatic efforts to resolve the conflict that followed the U.S.-Israeli strikes on Iran gain momentum, some airlines are restoring their flights to certain parts of the Middle East. However, many carriers continue to suspend flights, causing global travel disruptions. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were resumed by Greece's largest airline on June 28. Dubai flights are suspended until August 31 and Erbil and Baghdad flights until September 30. AIRBALTIC AirBaltic, a Latvian airline, has suspended flights to Tel Aviv from June 28 to July 1, and will resume its operations on July 1. Dubai flights are cancelled until October 24, AIR CANADA Canadian Airlines has cancelled all flights to Tel Aviv, Dubai and Abu Dhabi until October 24. AIR EUROPA On June 29, the Spanish airline began flights to Tel Aviv. AIR FRANCE-KLM Air France has suspended flights to Tel Aviv until July 1, and flights to Dubai, Beirut and Lebanon until July 5. KLM has suspended flights from Riyadh to Dammam, Dubai and Dammam until August 9. CATHAY PACIFIC Hong Kong Airlines has suspended its flights to Dubai and Riyadh through August 31. The U.S. carrier suspended service for the Atlanta-Tel Aviv routes through December 18, 2018. The airline plans to resume New York-JFK-to-Tel Aviv flights starting September 6. However, the launch of Boston-Tel Aviv, originally planned for October, will be delayed until further notice. FINNAIR It has cancelled its Doha flights up to October 2 and continues to avoid the airspaces of Iraq, Iran Syria, and Israel. The airline will resume its Dubai flights in October, which are only operated during the winter. British Airways, owned by IAG, delayed the resumption to Doha flights until August 1, and Riyadh flights until August 8. Flights to Dubai and Tel Aviv are suspended until the end of summer. They are scheduled to resume on the 25th October. When it resumes, the airline plans to reduce flights to Dubai, Doha and Riyadh to just one flight per day, while dropping Jeddah from its list of destinations. JAPAN AIRLINES Japan Airlines has suspended its scheduled Tokyo-Doha and Doha-Tokyo flight until August 31, and Doha-Tokyo until September 1. Polish Airlines has suspended flights to Riyadh from June 30 to July 2, and will resume them on July 2. LOT will begin operating its winter route from Dubai in October, and resume its Beirut operations during the Summer of 2027. LUFTHANSA GROUP Lufthansa has announced that it will resume Tel Aviv flights as soon as July?1, whereas ITA Airways confirmed they would begin on July 1. SWISS delayed the return of flights to Tel Aviv until August, while Brussels Airlines suspended its operations until October 24. The suspension of Dubai flights by SWISS and Lufthansa will continue until September 13th. Lufthansa and SWISS have suspended flights until October 24 to Abu Dhabi, Amman Beirut Dammam Riyadh Erbil Muscat Tehran. Eurowings, a low-cost carrier, has suspended flights from Tel Aviv to Beirut and Erbil until July 9 and from Dubai to Abu Dhabi and Amman to October 24. ITA Airways also extended its suspension of flights to Riyadh and Dubai until October 24, for operational reasons. MALAYSIA AIRLINES From July 2, the Malaysian airline will resume limited service to Doha. NORWEGIAN AIR No new dates have been set for the low-cost carrier's planned launches of Tel Aviv and Beirut. ROYAL MAROC Moroccan airline announced that flights to Doha have been cancelled until 30 June. SINGAPORE Airlines In response to a 'higher demand,' the carrier has extended the suspension of its Singapore-Dubai flights until August 2. It will also add services on Singapore-London Gatwick and Singapore-Melbourne routes between late March and October 24. TURKISH AIRLINES SunExpress, Turkish Airlines’ joint venture with Lufthansa has cancelled flights from Dubai to Bahrain, Beirut, and Erbil up until July 14. WIZZ AIR Low-cost airlines have suspended flights from Europe to Dubai, Abu Dhabi, and Amman until mid-September. (Compiled by Josephine Mason and Jamie Freed. Elviira Louma, Tiago Branao, Agnieszka Olesska, Bernadette HOG, Boleslaw LaSocki, Alexander Klyve Gudbrandsen, Romolo Tosiani. Matt Scuffham and Sanjeev Mikleni edited the book.
-
Lufthansa CEO: TAP's interest is'very strong,' in the competition with Air France-KLM
The CEO of Lufthansa said that the German group is preparing a bid to rival Air France-KLM. In July, the Portuguese government launched a long-delayed TAP privatisation. It aimed to sell a stake of 44.9% to a strategic partner airline to increase its global reach, and set aside an extra 5% to employees. Portugal has asked Lufthansa to submit binding bids before the end of July. The two airlines were the only contenders, with initial offers that the government considered "largely equal and very ambitious" in terms of strategic, industrial, and financial terms. This demonstrates its confidence in TAP’s valuation. Carsten Spohr, CEO of Lufthansa, told reporters that after a number of acquisitions made in Europe the group is now one of the largest?airline operators worldwide. "Now?sees Portugal as its potential as a?key partner." Spohr, quoted by online outlet ECO as saying, "Lufthansa is interested in TAP... We're confident it's the right partner but the government will make the decision," Spohr referred to the planned stake sales expected to be finished by early September. Lufthansa is expanding its 'European footprint' through a series acquisitions, including SWISS Austrian Airlines, Brussels Airlines, and most recently Italy’s ITA Airways. It builds a multi hub network throughout the region. Spohr said that these airlines "became stronger, and maintained their identities while their hubs expanded." TAP's main appeal is its lucrative and prime?slots? connecting its Lisbon hub to Brazil, Portuguese-speaking African nations?and the United States. Spohr made his remarks ahead of the groundbreaking of a Lufthansa Technik Portugal facility?in northern Santa Maria da Feira. The plant will be devoted to maintaining and overhauling aircraft engine components. It is expected that operations will begin in 2028. He added, "We believe strongly in Portugal. That is why we have opened a maintenance center here."
-
Honeywell Aerospace debuts on Nasdaq
Honeywell Aerospace's Nasdaq debut on Monday saw a 7% rise in its shares, marking a new step in Honeywell's three-way split. Shares of the aerospace engine, 'parts and defence systems maker opened at $236.78 each, compared to $221.01 last week at the close of "when-issued", which began earlier in this month. Honeywell announced that it will separate into three independent companies in 2025. These companies will focus on automation, advanced materials and aerospace. The process is expected to be completed this year. Honeywell Aerospace has listed to follow GE Aerospace's conglomerate split-up, aiming to improve performance by streamlined and specialized operations. Ken Herbert, an analyst at RBC, said that HONA's aftermarket growth was significantly lower than its peers under Honeywell legacy reporting. This is largely because of execution and supply-chain challenges. We believe that a better execution and a greater focus on RMUs will help HONA achieve its improved?AM Right to Price. Honeywell Aerospace produces engines, electronics, and systems for aircraft and spacecraft, for customers such as Boeing, Airbus, and airlines, as well for the U.S. Military. The launch of the new aircraft comes at a time when investors are clamoring for aerospace and defence assets due to?pent up demand and increasing military spending. U.S. president Donald Trump met in March with munitions manufacturers, including Honeywell Aerospace. His administration is pushing to?expand weapons production, after military operations against Iran and other 'conflicts' dwindled U.S. stocks. The company will invest $500 million as part of a deal made with the Pentagon the same'month, joining RTX & Lockheed Martin - to increase precision-guided munitions and missiles production. Honeywell Aerospace announced to investors earlier this month that they expect to "book $6.5 billion of adjusted earnings" by 2030. This is due in part to the strong demand from jetmakers and defense customers. It is expecting sales to grow by 7% to 10% this year, and to generate a free cash flow between $1 billion and $1.5 billion. Reporting by Aatreyee Dasgupta, Bengaluru. Editing by Joyjeet Das
-
Fuel shortages are spreading to other parts of Russia due to the Ukrainian attack
Residents say that the?attacks on?Crimea by the?Krainian army have led to fuel shortages spreading from nearby southern Russia to parts of the capital,?Moscow. The amount of fuel that Russian motorists can purchase has been restricted in almost all of?of _Russia, particularly in all of the Russian-occupied Ukraine, southern Russia, and Siberia. Moscow is the only city with no restrictions. However, even in Moscow some filling stations are closed and others have long lines. Vladimir Putin acknowledged on Sunday, at a meeting of?government officials and other officials, that Ukrainian drone attacks had caused fuel shortages to occur in certain regions. He said however?that Russia is dealing with the situation. Ukraine, in recent weeks, has attacked?supplylines in Crimea. This is part of a campaign it claims to be a campaign against Russia's military efforts. The authorities there have?suspended fuel sales to private drivers, shortened work hours and reduced time for public transport and cafes. On Monday, when the Crimean government offered limited gasoline sales to the public, Sevastopol, the largest city in the Crimea, drivers queued up to purchase it for 189 roubles per litre. This is almost three times the usual price. The shortages have spread to Rostov on Don, a city in southern Russia near the border of southeasetern Ukraine. There were some pump hoses wrapped in paper that said "no fuel". One petrol station displayed a sign that read "Fuel Sales have been Temporarily Suspended". Vladimir, who only gave his first name, tried to fill his motorbike with gas, but was unsuccessful. "I was a courier. I stopped working. Thanks, everybody!" He said. According to the Moscow Fuel Association, major filling stations operated by state-owned oil companies in Moscow have kept their prices largely unchanged. There are queues at filling stations in some parts of the city. Prices have increased by over 10%, to 80 roubles per litre, at some privately-owned filling stations.
-
China bans light aircraft following Beijing tower crash: FT
The Financial Times reported that China had halted private fixed-wing aircraft flights after a plane crash into Beijing's tallest building last week. Local government announced on Saturday that the sole pilot of the twin-seater aircraft died in the Friday incident, which also injured 13 people at the ground. The aircraft hit a 528 metre (1,732-foot) high building known as CITIC Tower, or China Zun in Beijing's central business district at rush hour. The FT reported that a nationwide airspace order has been issued to cover recreational flights. All'relevant flying activities' have been banned. The restrictions were not announced in public. Could not verify immediately the report. The Civil Aviation Administration of China didn't immediately respond to our request for comment. Authorities are investigating and have not revealed any details about 'the possible cause of this crash. TIGHTLY CONTROLLED China’s skies are some of the tightest in the world. The military retains a primary authority over the allocation and access to airspace. Beijing is one of the most sensitive areas in this management framework. According to an official review of aviation navigation rules, there is a 100-square-kilometer (39 square miles) permanent no fly zone over the political and symbolic core of the Chinese Capital. The area that is prohibited lies immediately west of China's skyscraper-filled central business district and includes Tiananmen Square, the Zhongnanhai compound, which houses China's highest political leadership. A plane flying near Beijing's skyscrapers, aside from military aircraft formations at national parades and police aircraft, is a rare sight. Commercial jets are routed around Beijing’s densely populated urban areas. Low-flying general aircraft is largely restricted to the city's outer suburbs. Beijing banned drones in the city earlier this year. Drones are no longer allowed to be brought or sold into Beijing, and storage is also strictly regulated. As the crash occurred just a few days before the Communist Party's 105th Anniversary of its founding, on July 1, it has also been brought under increased political scrutiny. This puts pressure on administrators to implement tighter controls. Stocks related to China's low-altitude-airspace industry broadly fell on Monday, with CITIC Offshore Helicopter shares down 4% and Zongsen Power Machinery down 7.7%. Reporting by Shivani Tana in Bengaluru and Xiuhao Chan and Ryan Woo, Beijing; Editing and production by Kevin Liffey & Sharon Singleton
-
Two suspects are arrested after five people were shot dead in northern Germany
On?Monday five people were killed by gunfire in a town in northern?Germany. Police said that they had detained two suspects, including the shooter. According to a spokesperson for the police, it was not immediately clear what caused the incident at Stade near the port city of Hamburg. A second police spokesperson said that the role of 'the second person in custody' is unclear at this time, and added that no other suspects were on the loose. He said that it was unclear how many people were injured. The dead, he added, were all adults. Local media reported that the incident took place near a youth center in central Stade. This is a small town west of Hamburg, with a population of a little under 50,000. The spokesperson refused to provide any further details. Police had warned residents of the area to stay away from the scene shortly after the incident.
Austrian supreme court rules against Ryanair add-on fees
The Austrian Consumer Information Association (ACIA) announced on Monday that low-cost carrier Ryanair had lost a case in Austria's Supreme Court over certain?passenger charges, including a fee for airport check-in.
Austria is the latest country to reject some of Ryanair’s charges. The airline announced last week that it would no longer charge parents for sitting with their children, after the British Competition Watchdog opened an inquiry into the policy.
VKI, a consumer group, reported that an Austrian court on May 14 ruled that 14 clauses of Ryanair's Terms and Conditions are illegal. VKI brought the case for the Austrian government.
The ruling relates to fees such as a EUR55 ($63), airport check-in fee, EUR15 for printing a boarding pass, EUR25 infant charge and a maximum EUR160 name change fee. The court found it problematic that certain charges can also be applied in cases where an airline may have been at fault.
Petra Leupold is the head of VKI’s legal department. She said: "The Supreme Court has made it clear that additional charges should be transparent, and they shouldn't unfairly disadvantage consumers."
VKI stated that the decision could allow passengers to claim fees they have already paid.
Ryanair rejected some of the interpretations made by the consumer group and said that the court did not declare its pricing model illegal nor order retroactive reimbursements. VKI's spokesperson stated that they had failed to win such cases in two lower courts.
The court ordered that?Ryanair cease using the clauses in Austria within 3 months.
(source: Reuters)