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Singapore ports issues licenses for methanol supply as marine fuel
The Maritime and Port Authority of Singapore said that licences for the supply of methanol to be used as a marine oil in Singapore, the largest bunker port in the world, will begin on January 1, 2026. The MPA stated that this is a major step in establishing methanol bunkering at a large scale, and driving Singapore’s ambition to become a sustainable multifuel bunkering center. This move comes after a call for application launched in March of 2025. Three bunker suppliers will receive the licenses: Global Energy Trading Golden Island and PetroChina International Singapore. After assessing the reliability of their supply chains, operational readiness, security systems, and sustainability certifications for the methanol they were to supply, the companies selected out of 13 applicants. MPA said that the licences would be valid from January 1, 2020 to December 31, 2030. MPA said that this period will support the early development of bunkering methanol by giving licensees the opportunity to strengthen supply chains and anchor initial investment as the market develops. The port authority will review its licensing framework in order to take into account operational experience, new technologies and changing international standards. (Reporting and editing by Ronojojo Mazumdar; Jeslyn Lerh)
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Lithuania's Vilnius Airport closes again because of balloons
Lithuania's Vilnius Airport said on Sunday that it temporarily halted its operations due to balloons approaching its airspace. Some incoming flights were diverted to other cities. The operator announced on its website that the airport operations had been interrupted. It added that the airport was scheduled to reopen by 1:30 am local time (2330 GMT). In recent months, drone incursions and sightings have repeatedly thrown European aviation into chaos, including airports in Copenhagen, Brussels and Vilnius. This was the ninth closure of the Lithuanian capital since early October. Lithuania blames Belarus' President Alexander Lukashenko, who has allowed the practice. It calls it a hybrid attack. Lithuania closed its two border crossings with Belarus last month in response to balloon incidents. However, they reopened the points earlier this week after the disruptions to air traffic appeared to be over. Lukashenko called the border closure "crazy scam", accusing Russia and Belarus of waging a hybrid warfare against the West, ushering a new age of barbed wire division. (Reporting and editing by Terje Solsvik, Diane Craft and Andrius Sytas)
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Officials confirm four deaths in a massive Russian drone attack against Kharkiv
Officials said that Russian forces launched a "massive drone attack" on Kharkiv on Sunday, the second largest city in Ukraine, which killed four people and injured several others. Ihor Terekhov, the Mayor of Kharkiv, wrote in Telegram. Terekhov confirmed that four people were killed, one of whom was found under the rubble. Oleh Syniehubov, Regional Governor of the region, said that 12 people had been injured. Two children aged 11 and 12 were among them. In six different areas of the city, in the northeastern Ukraine, 15 strikes were recorded. Kharkiv is located 30 km (18miles) from the Russian border. It has been the target of many attacks since the war began more than three-and-a-half years ago. Two people have been killed by a Russian air strike in the town of Marhanets, according to the governor of Dnipropetrovsk, further south. (Reporting and editing by Bill Berkrot, Diane Craft and Ron Popeski)
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Macquarie makes an offer to purchase Qube Holdings for $7.49 billion
Qube Holdings announced on Monday that Macquarie Asset Management (a Macquarie unit) submitted a nonbinding proposal for the acquisition of all shares of Qube. The logistics firm was valued at A$11,6 billion ($7,49 billion), debt included. Qube reported that the offer of A$5.20 per share in cash represents a premium of 27.8% over Qube's Friday closing price of A$4.07. The negotiations followed a lower uninvited offer. This proposal highlights Qube's strong assets and operations. Qube Chairman John Bevan said that they would work to achieve the best possible outcome for their shareholders. Macquarie Asset Management has been granted an exclusive agreement by the board of Qube. Qube is Australia's leading integrated provider of import-export logistics. The exclusivity period will last until February 1, 2026. If Qube declares future dividends, the offer price may be adjusted. The agreement is subject to regulatory approvals and the successful completion of an implementation scheme agreement.
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Tropical cyclone in Northern Territory leaves thousands of Australians powerless
On Sunday, thousands of people in Australia’s Northern Territory, including the capital Darwin, were left without power after a tropical storm brought destructive winds overnight. Fina, an extremely severe tropical cyclone of category three, moved away from Darwin on Sunday, clocking wind gusts of 205 kph. It had passed the city on Saturday night as "severe tropical storm", according to the Bureau of Meteorology. Fina brought back painful memories for residents of Darwin (population around 140.000), of Cyclone Tracy which destroyed much of the city in 1974 and killed 66 people. It was one of Australia’s worst natural disasters. Lia Finocchiaro, the chief minister, said that about 19,000 people lost power because of Fina. The storm also damaged property and submerged roads but did not cause any injuries. Finocchiaro, in a Darwin-televised media conference, said that the cyclone had seen a united territory prepared for what lay ahead. As crews began assessing damage, authorities urged residents in Darwin, a garrison city located in the north, to avoid power lines that had fallen. Darwin International Airport, closed as a precaution on Saturday due to Fina, announced on Sunday that it would "work to reestablish its operations as soon it is safe". According to the Weather Bureau, Category 3 tropical cyclones are two levels below the most dangerous rating. They usually cause damage to structures, trees, and crops, and power outages. In March, the ex-tropical storm Alfred, which hit Queensland in neighbouring Australia, closed schools and left hundreds of thousands without power.
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Reeves freezes rail fares for UK budget
Rachel Reeves, British Finance Minister, said Sunday that she will freeze rail fares in her budget plan to be presented on Wednesday. She hopes to help millions who are struggling with rising costs of living. Reeves' budget is expected to include tax increases, but those who use the railways regularly will find some relief from the frozen fares. Treasury said that the freezing of rail fares would also help to limit inflation. A Treasury statement said that this is the first time rail fares in 30 years have been frozen. It will also cover season tickets for commuters, off-peak return between major cities, and peak returns to commuters. The statement stated that the move would save commuters hundreds on their season tickets and freeze travel costs. It will also support the growth of town centres throughout the country.
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Britain introduces $2 billion package for EVs
The British government will introduce a package worth 1.5 billion pounds ($2 billion) to speed up the switch to electric cars, according to reports. This includes an additional 1.3 billion pounds to fund a grant program to purchase new electric cars. Since its launch in July of this year, the Electric Car Grant Scheme has helped over 35,000 drivers switch to an electric vehicle by reducing upfront costs up to 3,750 pound. According to the government, an additional 200 millions pounds will be included in the budget due on 26 November to speed up the deployment of chargepoints throughout Britain. In order to achieve a goal of net-zero emissions of greenhouse gases by 2050 in Britain, the country wants to phase out new petrol and diesel vehicles by 2030. The demand for EVs is stagnant, with consumers citing the high upfront costs of EVs as their main obstacle. The Conservative Party, the opposition party, criticised this move. Richard Holden is the Conservatives' Transport Policy Chief. He said: "Under Labour, ordinary families face increased taxes and spiralling prices, but the government gives discounts on new electric vehicles." This is the type of tone-deaf spending that we have come to expect from this Labour Government. Reporting by Elizabeth Piper Editing Mark Potter
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After US warning, several international airlines have cancelled flights to Venezuela
Three international airlines canceled flights from Venezuela on the morning of Saturday. The U.S. Federal Aviation Administration had warned major airlines about a "potentially dangerous situation" while flying over the nation. Flightradar24, the official website for Simon Bolivar International Airport, and Brazil's Gol and Colombia's Avianca all reported that three international airlines canceled their flights from Caracas, Venezuela, on Saturday. Aeronautica Civil de Colombia stated in a press release that there are "potential risks", when flying in Maiquetia, "due the deterioration in security conditions and the increased military activity in this region." TAP confirmed that it has canceled flights for Saturday and Tuesday. The company said that the decision was made after receiving information from the United States Aviation authorities, which indicated that safety conditions were not guaranteed in Venezuelan airspace. Iberia, a Spanish airline, also announced that it would cancel its flights to Caracas starting Monday. Iberia's scheduled flight to Madrid on Saturday from Venezuela's capital was cancelled. Iberia's spokesperson said that the company would assess the situation and decide when flights will resume to Venezuela. On Saturday, Copa Airlines and Wingo continued to operate their Maiquetia flights. The U.S. FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats could be a danger to aircraft of all altitudes. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. Flightradar24 reports that the Latam Airlines flight scheduled to depart for Bogota on Sunday has been cancelled. (Mayela Armas, Caracas; Corina Pons and Ana Cantero at Madrid; Sergio Goncalves at Lisbon; Ana Cantero writing and editing; Diane Craft and David Gregorio).
Tanzania will begin construction of new port in December according to official
A senior government official announced that Tanzania would begin construction on a new port located in the eastern part of the country by December. This will end a decade-long delay caused by government objections over the contract terms initially agreed upon with foreign developers.
Bagamoyo Port, a large-scale initiative of a special economic zone, involving industrial parks, rail and road connections, is located approximately 75 km north of Dar es Salaam, the commercial capital.
Gerson Msigwa told reporters that on Sunday, the port would have 28 berths, but initially, construction will begin on 14.
He said that construction machinery would be arriving soon, without providing any further details. The port will have up to a 20-meter depth and can receive ships larger than those in other ports of eastern Africa.
He did not give details about the cost of the project or the contractor.
In 2013, the East African nation signed an agreement framework with two developers: China Merchants Holdings International (CMHI) and Oman’s State General Reserve Fund. However, the implementation of the agreement was delayed as the government claimed that the terms were unfavorable for the country.
Samia Suluhu hassan, the president of Samia in 2021 said that they have begun negotiations to revive this $10 billion project. (Written by George Obulutsa, edited by Kirby Donovan).
(source: Reuters)