DIRS.INFO The most relevant business & tech news

☆ Russia's Lavrov to arrive in North Korea as cooperation deepens
▼ + stars: | 2023-10-18 | by ( Josh Smith | ) www.reuters.com time to read: +2 min

Russian Foreign Minister Sergei Lavrov speaks during a news conference following talks with Arab League Secretary-General Ahmed Aboul Gheit in Moscow, Russia, October 9, 2023. Sergei Ilnitsky/Pool via REUTERS/File Photo Acquire Licensing RightsSEOUL, Oct 18 (Reuters) - Russian Foreign Minister Sergei Lavrov is due to arrive in Pyongyang on Wednesday for meetings seen as setting the stage for a visit by President Vladimir Putin, who has stepped up cooperation with politically isolated North Korea. Russia's TASS news agency reported that Lavrov may brief the North Koreans on the results of Putin's visit to China, as well as discuss the standing invitation to visit Pyongyang. U.S. Special Representative for North Korea Sung Kim on Tuesday called relations between North Korea and Russia "worrying," after the White House said last week Pyongyang recently provided Russia with weapons. The two ships had moved several hundred containers to and from a port in North Korea since August, the RUSI report said.

Persons: Sergei Lavrov, General Ahmed Aboul Gheit, Sergei Ilnitsky, Vladimir Putin, Kim Jong Un, Putin, Lavrov, North Korea Sung Kim, Dmitry Peskov, Josh Smith, Lidia Kelly, Gerry Doyle Organizations: Russian, Arab League, Rights, North, Russia's TASS, Special, U.S, Kremlin, Royal United Services Institute, United Nations, Thomson Locations: Moscow, Russia, Rights SEOUL, Pyongyang, North Korea, Ukraine, Koreans, China, U.S, Korean, Melbourne

☆ Cargo vessel sets off from Ukrainian Black Sea port - source
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

KYIV, Sept 26 (Reuters) - A cargo vessel set off from a Ukrainian Black Sea port on Tuesday after loading but remained close to the port, an industry source said, without giving any further details. The vessel was the latest to set off from a Ukrainian Black Sea port since Kyiv established a temporary "humanitarian corridor" hugging the coastline following Russia's decision to quit a deal that had allowed safe Ukrainian exports. Two bulk carriers left the port of Chornomorsk last week via the humanitarian corridor. Deputy Prime Minister Oleksandr Kubrakov said last week that three cargo ships were heading towards Ukrainian Black Sea ports for further food and steel exports. The blockage of deep sea ports has already affected Ukrainian grain exports, which have decreased by 51% so far in September to 1.57 million tons from 3.21 million tons in the corresponding period last year.

Persons: Oleksandr Kubrakov, Ying Hao, Moscow, Pavel Polityuk, Timothy Organizations: United, Timothy Heritage, Thomson Locations: Ukrainian, Kyiv, Chornomorsk, China, Egypt, Spain, Ukraine, Moscow, United Nations, Turkey, Russia

☆ Russia's missile, drone attack on Odesa injures one, damages port - Ukraine's military
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] A firefighter works at a site of a hotel damaged by a Russian military attack, amid Russia's attack on Ukraine, in Odesa, Ukraine September 25, 2023. Press service of the State Emergency Service of Ukraine in Odesa region/Handout via REUTERS Acquire Licensing RightsSept 25 (Reuters) - One woman was injured and buildings and port infrastructure were severely damaged in Russia's overnight missile and drone attack on the port of Odesa in southern Ukraine, Ukraine's military said on Monday. Ukraine's south military command posted on its Telegram messaging app several pictures showing a high-rise building with blown up windows and severe damage to its structure. Separately, the ministry said that four other drones were destroyed overnight over Russia's Kursk and Belgorod regions. Reporting by Lidia Kelly and Anna Pruchnicka; Editing by Muralikumar Anantharaman and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Oleh Kiper, Kryvyi Rih, Oleksandr Vilkul, Lidia Kelly, Anna Pruchnicka, Muralikumar Anantharaman, Michael Perry Organizations: Press, State Emergency Service of Ukraine, REUTERS Acquire, Firefighters, Air Force, Reuters, Thomson Locations: Russian, Ukraine, Odesa, Russia, Black, Ukrainian, Kryvyi, Crimean, Kursk, Belgorod

☆ With grain deal in focus, Putin to meet Erdogan in Russia
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +4 min

"The current status (of the grain deal) will be discussed at the summit on Monday. Putin has said Russia could return to the grain deal if the West fulfils a separate memorandum agreed with the United Nations at the same time to facilitate Russian food and fertiliser exports. Ahead of the Erdogan talks, Ukrainian officials said Russia launched an overnight air attack on one of Ukraine's major grain exporting ports. In its report on the Erdogan meeting, Russian state television said promises made to Russia must be implemented. For Russia, Erdogan is a key broker - and one respected personally by Putin.

Persons: Mehmet Bey, Mehmet Emin Calsikan, Erdogan, Putin, Tayyip Erdogan, Vladimir Putin, Russia, Dmitry Peskov, Akif Cagatay Kilic, Kilic, Russia's, António Guterres, Sergei Lavrov, Maria Zakharova, Guy Faulconbridge, Lidia Kelly, Michelle Nichols, Robert Birsel, Philippa Fletcher Organizations: REUTERS, UN, Kremlin, United, Haber, United Nations, Russian, Russian Agricultural Bank, SWIFT, Toksabay, Thomson Locations: Yenikapi, Istanbul, Turkey, Sochi Turkey, Russia, Ukraine, Ukraine MOSCOW, Russia's Black, Sochi, United Nations, Moscow, Izmail, Ukraine's Odesa, EU, Russian, Melbourne, Ankara

☆ Russia carries out air strikes for second night on Ukraine's Odesa port -governor
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +4 min

Summary All of eastern Ukraine under air raid alertsRussian strikes on ports follow grain export deal withdrawalJuly 19 (Reuters) - Ukrainian air defence systems were engaged in the early hours of Wednesday in repelling a Russian air attack on the southern port of Odesa for a second consecutive night, the region's governor said. "Do not approach the windows, do not shoot or show the work of air defence forces," Odesa governor Oleh Kiper said on the Telegram messaging app. But Ukrainian Deputy Defence Minister Hanna Maliar said the initiative in the area had switched to Ukrainian forces. She said Ukrainian forces made new gains near Bakhmut in the east, a town that was captured by Russian forces in May after months of battles. "We have made advances through the streets," Shershen told the Espreso TV online outlet but said Ukrainian forces did not have complete control of the village.

Persons: Oleh Kiper, Hanna Maliar, Valery Shershen, Shershen, U.N, Stephane Dujarric, Russia's, Volodymyr Zelenskiy, Moscow, Dmitry Peskov, Grant McCool, Lincoln Organizations: Kyiv, Russian Defence Ministry, Russian, Reuters, United Nations, Thomson Locations: Ukraine, Odesa, Russia, Ukrainian, Africa, Asia, Moscow, Kharkiv, Bakhmut, Staromayorske, Turkey

REUTERS/StringerLONDON, June 24 (Reuters) - Following are facts about oil, gas and grains flows in Russia's southern region of Rostov, where the capital Rostov-on-Don was seized by Russian mercenaries. Russia's main grain exporting terminals on the Black Sea are further south, and this area has been unaffected by the developments so far. OIL & GASThe region of Rostov is not a major energy producer but several big oil and gas pipelines cross its territory. Russia is the world's second largest oil exporter after Saudi Arabia. Russia's pipeline monopoly Transneft controls many pump stations on the route, including in the Rostov region.

Persons: Wagner, Stringer LONDON, Don, Vladimir Putin, Yevgeny Prigozhin, Andrey Sizov, Sizov, Dmitry Zhdannikov, Ros Russell Organizations: Southern Military District, REUTERS, Wagner, Reuters, U.S . Department of Agriculture, Thomson Locations: Rostov, Don, Russia, Russia's, Russian, Azov, Saudi Arabia, Novorossiisk, Krasnodar, Voronezh

☆ UN chief calls for acceleration of Black Sea grain deal exports
▼ + stars: | 2023-06-20 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

Russia's President Vladimir Putin said last week that Russia was considering withdrawing from the Black Sea grain deal. The Black Sea deal also allows for ammonia shipments, but none have happened. Restarting the pipeline was one of several Russian demands made in talks to extend the Black Sea grain deal. Last month it began stopping vessels traveling to Pivdennyi port under the Black Sea grain deal until the ammonia pipeline was restarted. Haq said the United Nations was "fully committed" to supporting the implementation of the Black Sea Grain Initiative and the pact to facilitate Russia food and fertilizer exports.

Persons: Antonio Guterres, U.N, Farhan Haq, Guterres, Haq, Vladimir Putin, Michelle Nichols, Cynthia Osterman Organizations: UNITED NATIONS, United Nations, United, Initiative, Black, TASS, Russian Federation, Thomson Locations: Russia, United Nations, Turkey, Ukraine, Ukrainian, Moscow, United

☆ Column: China's Q1 coal imports jump to new highs as factories throttle up
▼ + stars: | 2023-03-28 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

Total thermal coal imports through March soared 81% from the same period a year ago to 65.7 million tonnes, according to ship-tracking data from Kpler. SOUTHERN SURGEPorts feeding China's south coast saw the largest year-over-year increase in thermal coal imports. China's coal imports hit new highs in Q1 2023While China as a whole uses domestic coal production for over 90% of its coal needs, most of Southern China's coal-fired power plants rely overwhelmingly on imports. The region imported over 106 million tonnes in 2021, indicating a quarterly pace in excess of 25 million tonnes can be maintained if power needs dictate. In combination, all of China's main economic hubs are on track to steer the country's thermal coal imports to new heights in 2023, reversing the slump seen in China's coal use in 2022.

☆ Large fire, plume of smoke at Turkey's Iskenderun port -witnesses
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: 1 min

ISKENDERUN, Turkey, Feb 6 (Reuters) - A large fire burned and a plume of black smoke drifted high into the air on Monday above Turkey's southern Iskenderun port, in the Mediterranean Sea-side province of Hatay, according to Reuters witnesses and footage. The region was hit by two major earthquakes earlier in the day, leaving widespread damage and loss of life. It was not immediately clear what was burning. Reporting by Ece Toksabay and Huseyin Hayatsever; Editing by Jonathan SpicerOur Standards: The Thomson Reuters Trust Principles.

Spokespeople for SEBI and Adani Group did not immediately respond to requests for comment. Among several allegations, Hindenburg accused Adani Group last week of using offshore tax havens and stock manipulation. On Tuesday, Adani Group mustered support from investors for a $2.5 billion share sale for Adani Enterprises, in what some saw as a stamp of investor confidence at a time of crisis. Reuters Graphics[1/5] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port in Haifa port, Israel January 31, 2023. The U.S. dollar-denominated bonds of Adani Ports maturing in February 2031 led the losses, falling 3.59 cents to 67.58 cents.

[1/5] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port in Haifa port, Israel January 31, 2023. "The kind of fall that we are seeing in Adani stocks is scary," said Avinash Gorakshakar, head of research at Mumbai-based Profitmart Securities. After losing $86 billion in recent days, the seven listed Adani Group entities now have a combined market capitalisation of about $131 billion. LIC owned a 4.23% stake in Adani Enterprises as of end-December and more than 9% in Adani Ports and Special Economic Zone. Siddhartha Mohanty, one of LIC's managing directors, said in interviews on Monday that the insurer was engaging with the Adani Group but was positive on its investments.

Before the critical report by U.S. short-seller Hindenburg, Adani had ranked third. The report by Hindenburg Research last week alleged improper use by the Adani Group of offshore tax havens and stock manipulation. Adani Power (ADAN.NS) fell 5%, while Adani Total Gas (ADAG.NS) slumped 10%, down by its daily price limit. Headaches for the Adani Group are expected to continue for some time. Hindenburg said in its report it had shorted U.S.-bonds and non-India traded derivatives of the Adani Group.

☆ Gautam Adani no longer Asia's richest person as stock rout deepens to $74 billion
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +3 min

[1/4] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir CohenBENGALURU, Feb 1 (Reuters) - India's Gautam Adani lost his title of Asia's richest person on Wednesday as a rout in his conglomerate's stocks deepened to $74 billion after a short-seller report. The Adani Group has denied the allegations, calling them baseless and saying it has always made necessary regulatory disclosures. Before the Hindenburg report, Adani had ranked 3rd. Adani Power (ADAN.NS) fell 5%, while Adani Total Gas (ADAG.NS) slumped 10%, down by its daily price limit.

Adani, whose home state is Gujarat in western India, built his business empire from scratch after starting as a commodities trader. Adani's business empire grew rapidly and his wealth ballooned. In recent years, the $220 billion Adani Group empire has attracted foreign investment - France's TotalEnergies (TTEF.PA), for example, partnered with Adani last year to develop the world's biggest green hydrogen ecosystem. It is not known what was discussed and Adani Group did not respond to a request for comment on Friday. Adani Group's consolidated gross debt stands at $23.34 billion, Jefferies says.

☆ Missile hit Turkish-owned ship in Ukraine's Kherson port -video, sources
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

ISTANBUL, Jan 25 (Reuters) - A Turkish-owned general cargo ship was struck by a missile in the port of the southern Ukrainian city of Kherson, sparking a fire, according to video footage from the scene and shipping sources. The missile hit the bridge of the vessel named Tuzla on Tuesday, maritime security company Ambrey said, causing the fire. A shipping source said there are twelve Turkish ships trapped in Ukrainian ports, including in Kherson, that are not covered by the U.N.-brokered Black Sea grain deal. "There has been an attack yesterday night, most probably to the port, and an explosive charge seems to have hit the ship. Turkish ships in Kherson are manned by a skeleton crew so there are no injuries or casualties," the source said, speaking on condition of anonymity.

[1/5] Women from a fishing community attend a protest against the construction of the proposed Vizhinjam Port in the southern state of Kerala, India, November 9, 2022. A $900 million project to build India’s first container transhipment port has been stalled due to protests by the region’s fishing community who believe it will destroy their livelihood. The fishing community erected the shelter after years of failed efforts to get the Kerala government to intervene while watching the coast steadily erode. "This is a matter of providing jobs to the many localities here," said Mukkola G Prabhakaran, a Kerala state council member in Modi's Bharatiya Janata Party. Accusing the Kerala state police of being "mute spectators", the Adani conglomerate has also called for federal police to be brought in.

☆ Germany allows China's Cosco to take 24.9% stake in largest port -sources
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 26 (Reuters) - The German cabinet approved on Wednesday an investment by China's Cosco for a 24.9% stake in one of logistics firm HHLA's (HHFGn.DE) three terminals in Germany's largest port in Hamburg, government sources told Reuters. This is less than the initially planned 35% stake that the Chinese shipping giant had aimed for and comes a week before Chancellor Olaf Scholz is due to travel to China. The compromise was negotiated after significant political resistance against the deal. Economy minister Robert Habeck was among the politicians that said that Germany should avoid Chinese investment in critical infrastructure if possible. Reporting by Andreas Rinke, Writing by Rachel More, editing by Kirsti Knolle and Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

☆ EU warned Germany against approving Chinese investment in port - Handelsblatt
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 21 (Reuters) - The European Commission warned the German government last spring not to approve an investment by China's Cosco into Hamburg's port, German daily Handelsblatt reported on Friday, citing sources. Register now for FREE unlimited access to Reuters.com RegisterAccording to Handelsblatt, the EU warned that sensitive information about the business could make it into Chinese hands if Germany allowed the investment. The German government, which is still weighing whether to approve the deal, declined to comment on the report. A spokesperson for Olaf Scholz said the German chancellor had not yet agreed with the relevant ministers how to proceed. Register now for FREE unlimited access to Reuters.com RegisterReporting by Markus Wacket; Writing by Maria Sheahan; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.

☆ Solomons 'unfairly targeted' since recognizing China, its president tells U.N.
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

Solomon Islands Prime Minister Manasseh Sogavare addresses the 72nd United Nations General Assembly at U.N. headquarters in New York, U.S., September 22, 2017. In an address to the United Nations General Assembly in New York, Manasseh Damukana Sogavare said the Solomons had been "unfairly targeted" and "vilified" in the media. The Pacific islands region has become a new theater of geopolitical competition between China and the United States and its allies. This competition intensified this year after China signed a security agreement with the Solomon Islands, prompting warnings of a militarization of the region. read moreSogavare has since repeatedly appeared to snub the United States, heightening Washington's concerns.

Now it bustles with vessels loading up with coal, as Russia's invasion of Ukraine drives a worldwide race for the polluting fuel. The resurgent coal demand, driven by governments trying to wean themselves off Russian energy while keeping a lid on power prices, clashes with climate plans to shift away from the most polluting fossil fuel. Global seaborne thermal coal imports reached 97.8 million tonnes in July, the highest level on record and up more than 9% year-on-year, an analysis from ship broker Braemar shows. The bloc's ban on Russian coal imports has further increased pressure on electricity generators to find alternative sources of the fuel. Russia usually provides about 70% of the EU's thermal coal, according to the Brussels-based think-tank Bruegel, while it typically supplies 40% of the bloc's natural gas.

Search resuls for: "Port -"

22 mentions found