-
Russian steel magnate sells shipping firm operating in Sea of Azov
Russian steel billionaire Vladimir Lisin has sold a shipping firm operating in the Sea of Azov to agricultural logistics group Demetra, four industry sources told Reuters, adding that the deal was negotiated before Ukrainian drone attacks on commercial vessels led to shipping restrictions in the area. Volga Shipping, which operates small bulk carriers similar to those targeted by Ukraine, carries grain, metals and coal from the Volga and Don rivers to the Sea of Azov and the Black Sea. Its annual cargo volume exceeds 15 million metric tons. Demetra, Volga Shipping and Lisin’s steel company NLMK did not respond to ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
The U.S. completed a fresh round of strikes against Iran on Monday evening as Yemen’s Iran-backed Houthis threatened to impose a naval blockade on Saudi Arabia, potentially opening a new front in the Middle East conflict. The latest cycle of tit-for-tat strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal ...
Yen weakens to 163 vs USD, raising risks of intervention.
From think.ing.com | 28 hr ago
Oil prices closed higher yesterday but retreated from session peaks, leaving Brent back below $90/bbl by the close. Prices are trending lower in early morning trading today. There’s some hope of de-escalation between the US and Iran. Reports are that mediators are proposing a 10-day ceasefire, which could put the Memorandum of Understanding (MoU) back on ...
