Advanced Navigation, a developer of artificially intelligent (AI) robotics and navigation technology, and KKR, a global investment firm, have signed a definitive agreement under which KKR will lead a AUD 108 million (USD 68 million) Series B funding round in Advanced Navigation.
Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, the International Energy Agency said. The move to deprive Moscow of revenue will create more uncertainty for oil markets and add to...
Global independent tank storage company Vopak is introducing a new contractual clause that requires customers to provide a certificate of origin for oil stored at its terminals, four industry sources told Reuters. The move comes ahead of European Union sanctions on Russian crude oil and oil product...
Imports into the nation’s busiest container port complex in Southern California are plummeting as U.S. trade sputters and retailers and manufacturers shift their supply chains amid increasingly contentious West Coast port labor negotiations. The neighboring ports of Los Angeles and Long Beach...
https://www.hellenicshippingnews.com/imports-into-southern-californias-ports-plunged-26-in-october/
Shipowner says rebounding oil production and shift to longer-haul trade flows driving rate increases
The Italian shipbuilder, Fincantieri delivered the largest cruise ship ever built in Italy, the “MSC Seascape” to MSC Cruises. The ship was handed over in a ceremony held in the shipbuilder’s Monfalcone. The naming ceremony of the ship is …
Original post at FleetMon.com, 2022-11-17 11:21:09 … Read...
UN says ‘discreet diplomacy’ led to Russia accepting the extension
Asia ex-China bonds witnessed outflows for a second straight month in October, pressured by higher U.S. yields and a weaker growth outlook as the region’s exports fell sharply last month. Overseas investors sold a net $3.24 billion worth of bonds in India, Indonesia, Malaysia, South Korea and...
