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☆ Exclusive: Greek shippers exit Russian oil trade as U.S. tightens price cap scrutiny
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsMOSCOW/LONDON, Nov 23 (Reuters) - Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed. Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the four traders said. The Greek shippers' exit from the trade followed tighter U.S. sanctions imposed on Russian oil shipments. The G7 countries introduced a price cap on Russian oil in late 2022, but had not previously enforced it. Russian oil trade has brought record revenues over the past year to the shippers who took the risk and stayed in the business.

Persons: Tatiana Meel, Thenamaris, Minerva, Jonathan Saul, Dmitry Zhdannikov, Eleftherios Papadimas, Susan Fenton Organizations: Nord, REUTERS, Minerva, TMS, Minerva Marine, Reuters, United Arab Emirates, Treasury, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, LONDON, Asia, Turkey, East, Africa, South America, Moscow, Washington, OPEC, U.S, Baltic, India, Primorsk, Ust, Iran, Europe, UAE, Hong Kong, Seychelles, Ghana, Liberia, Cook, London, Athens

☆ Can you hack your brain? These companies are driving innovation in the field of brain stimulation
▼ + stars: | 2023-11-21 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

These forms of deep brain stimulation require a surgical procedure during which electrodes — which generate electrical impulses to control any abnormal brain activity — are implanted into certain areas of the brain. With enough advancement in the field, doctors expect brain stimulation techniques for both severe disorders and health-and-wellness purposes will ultimately become noninvasive. Three major players There are only three companies with FDA-approved deep brain stimulation, or DBS, treatments: Medtronic , Abbott Laboratories and Boston Scientific . The spinal cord stimulation, or SCS, business is a hotbed of innovation right now, deep brain stimulation also is a key area." There is still plenty of doubt, however, about the efficacy of at-home brain stimulation devices, which offer a less direct approach to brain stimulation and don't always require FDA oversight.

Persons: —, Bernstein, Lee Hambright, Hambright, Ali Rezai, Medtronic, Abbott, Rezai, Morningstar, Debbie Wang, Wang, Elon Musk, it's Elon Musk's, Casey Halpern, it's, Halpern, Taiwan's Organizations: Drug Administration, FDA, Abbott Laboratories, Boston, Rockefeller Neuroscience, West Virginia University, American Neuromodulation Society, Boston Scientific, DBS, FactSet, Neuroscience, BCI, University of Pennsylvania, TMS Locations: neuromodulation

TMS Hub offers free practice of jiu-jitsu primarily to veterans of the Russian-Ukrainian war who have suffered the loss of a limb through combat. “Being among their peers is more comfortable for them,” explained Serhii Pohosyan, co-founder of TMS Hub. Just two months into training, five veterans at the TMS Hub gym were ready for the national competition. I really enjoyed it.”At his first Ukrainian Jiu-Jitsu Championship, Oksyntiuk won a silver medal in the “para jiu-jitsu” category. Pohosyan, the TMS Hub co-founder, said the gym has specially equipped bathrooms and other facilities to ensure the comfort of disabled veterans.

Persons: ”, Artem Kuzmich, Kuzmich, “, Serhii Pohosyan, Vasyl Oksyntiuk, ” Oksyntiuk, Oksyntiuk, Pohosyan, ” Pohosyan Organizations: Ukrainian, Belorussian, TMS, TMS Hub, Jitsu Locations: KYIV, Ukraine, Eastern Ukraine, Ukrainian, Kyiv, Russian, Bakhmut, Russia, “, russia, ukraine

☆ Exclusive: Poland charters tankers used for Russian oil to import Arab crude
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +4 min

Many oil majors have avoided contracting tankers that have carried Russian crude because of the risk of sanctions and self-imposed restrictions. Under the price cap, western companies can ship and provide insurance for Russian oil and products provided they are sold at less than $60 per barrel. "Dead freight is one of the issues when working with Russian oil as not all companies agree to use ships involved in Urals deliveries," the trader said. Orlen said it was not involved in any Russian oil shipping and it screened all vessels it uses to ensure no Russian sanctions are violated. Russian oil has been mostly shipped to Asia following the EU embargo.

Persons: Orlen, Russia's Zarubezhneft, Sidi Kerir, Nissos Delos, Marek Strzelecki, Maha El, Barbara Lewis Organizations: MOSCOW, Group, European Union, Botafogo, TMS, Kyklades, Saudi Aramco, Reuters, Thomson Locations: Asia, Lithuania, Poland, Russian, Russia, Ukraine, Moscow, ASIA, Poland's Gdansk, Lithuania's, Russian Baltic, Baltic, Primorsk, Mundra, West India, Saudi, Sidi, Gdansk, Waikiki, Bonita, Nissos, Calida, Butinge, Russia's, Ust, India, Warsaw, Maha, Maha El Dahan, Dubai

☆ Suez Canal ship traffic unaffected after tanker collision
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view of the BW Lesmes tanker at Freeport, Texas, U.S., August 3, 2023, in this picture obtained by Reuters. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided in the canal, ship tracking company MarineTraffic said early on Wednesday citing eyewitnesses. As of 5 a.m. (0200 GMT), the BW Lesmes was facing north but being towed to the south by two tugboats, according to ship tracking data on Refinitiv Eikon. A person who answered the phone at the Suez Canal Authority's operations room when contacted by Reuters said he could not provide any information on the tankers. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia.

Persons: Glenn Travis, MarineTraffic, Osama Rabie, Yusri Mohamed, Muhammad Al Gebaly, Nafisa, Enas Alashray, Florence Tan, Cynthia Osterman Organizations: BW, Reuters, REUTERS Acquire, Rights, Shipping, BW Group, TMS, Thomson Locations: Freeport , Texas, U.S, Rights CAIRO, Singapore, Cayman, Suez, Europe, Asia

☆ I'd be surprised if the Reserve Bank of Australia doesn't hike rates, portfolio manager says
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'd be surprised if the Reserve Bank of Australia doesn't hike rates, portfolio manager saysBen Clark of TMS Capital says the market is expecting it to hike one or two more times.

Persons: Ben Clark Organizations: Reserve Bank of Australia, TMS Capital

Whole Foods plans to reorganize certain global and regional support teams over the next two months, the company's executive team wrote in a memo to employees on Thursday. Creating a unified, companywide Operations team by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. Enhancing Team Member Services (TMS) support for Team Members and Leaders across the company by realigning TMS team structures. Adjusting structures and improving processes of several other Global Support teams to provide more effective, timely, and consistent support to stores and ensure support teams can focus on priority initiatives.

"Judging by the customs statistics, some of the benefit was captured by refiners in India and China, but the main beneficiaries must be oil shippers, intermediaries and the Russian oil companies," he added. As a further complication, some Russian oil grades, including Pacific grade ESPO, are also worth more than Urals. After decades of low profits or losses, sections of the global shipping industry are enjoying a financial boom from moving Russian oil. A year ago, a similar journey would have cost a seller of Russian oil $0.5-$1.0 million depending on shipping rates. Nayara is 49%-owned by Russian state oil major Rosneft, run by Putin's ally Igor Sechin, meaning some of the profits are indirectly captured by Russia.

☆ Western tankers ramp up Russian oil shipments under price cap
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +4 min

The Group of Seven nations (G7), Australia and the 27 European Union countries placed a price limit on Russian crude oil of $60 per barrel on Dec. 5. The cap allows non-EU countries to import seaborne Russian crude oil, but prohibits Western shipping and insurance companies from handling cargoes of the crude unless it is sold at or below that price. Russia has said it will not accept an oil price cap. GREEK RELIEFGreek-owned ships run by Greek management firms handled at least 21 voyages of Russian crude in January to a range of destinations. NGM said its tanker, the Ace, had discharged crude oil in Bulgaria.

☆ Investors should be wary of Australia's QBE Insurance, portfolio manager says
▼ + stars: | 2023-01-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should be wary of Australia's QBE Insurance, portfolio manager saysBen Clark of TMS Capital says QBE Insurance is a business that "does a lot better when rates are higher," and interest rate cuts could come in the first half of 2024 and priced in in the second half of 2023.

☆ Explozie pe un petrolier grec sub pavilion maltez, ancorat într-un port saudit
▼ + stars: | 2020-11-25 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Explozia s-a produs miercuri, în arealul portului Al-Shuqaiq, şi a provocat o gaură în carena petrolierului Agrari. Petrolierul ajunsese luni în portul Al-Shuqaiq.Incidentul nu a provocat poluare, potrivit dpa.Un angajat al operatorului grec TMS Tankers a confirmat între timp că Agrari a fost afectat de explozie, dar nu a furnizat alte informaţii.Potrivit Reuters, operatorul grec a anunţat că nava a fost lovită la un metru sub linia de plutire şi carena a fost străpunsă.Potrivit unui comunicat al Ministerului marinei comerciale, citat de agenţia de ştiri greacă ANA, cei şapte membri greci ai echipajului, inclusiv căpitanul, şi restul echipajului de până la 25 de oameni aflat la bordul Agrari sunt în afara oricărui pericol. Autorităţile saudite au declanşat o anchetă asupra incidentului. "Actele teroriste ale miliţiei houthi, cu sprijin iranian, ameninţă transportul maritim mondial şi comerţul", a anunţat alianţa, potrivit al-Arabiya.Până acum nu au existat reacţii din partea rebelilor houthi.Explozia care a afectat petrolierul Agrari intervine într-un context sporit de tensiuni între Arabia Saudită şi rebelii houthi din Yemen, care şi-au intensificat recente atacurile transfrontaliere împotriva monarhiei.Luni, rebelii houthi au anunţat că au lovit o staţie de distribuţie operată de gigantul petrolier saudit Aramco. Arabia Saudită a confirmat atacul, afirmând că un proiectil tras asupra acestei facilităţi din oraşul Jeddah a provocat un incendiu.Marţi, coaliţia condusă de Arabia Saudită care luptă împotriva houthi a anunţat că a distrus cinci mine navale despre care se presupune că au fost montate de houthi în sudul Mării Roşii, scrie agerpres.ro.

Persons: Tankers, ANA Organizations: Reuters, saudit Aramco Locations: Al -, Al, Arabia Saudită, Yemen, sprijiniţi, Iran, Jeddah

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