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Tag: transportation

Ukraine’s Grain Is Ready to Go. but Ships Aren’t. Why? Risk
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Ukraine’s Grain Is Ready to Go. but Ships Aren’t. Why? Risk

By AYA BATRAWY, Associated PressShipping companies are not rushing to export millions of tons of grain trapped in Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea. That is because explosive mines are drifting in the waters, ship owners are assessing the risks and many still have questions over how the deal will unfold.The complexities of the agreement have set off a slow, cautious start, but it's only good for 120 days — and the clock began ticking last week.The goal over the next four months is to get some 20 million tons of grain out of three Ukrainian sea ports blocked since Russia's Feb. 24 invasion. That provides time for about four to five large bulk carriers per day to transport grain from the ports to millions of impoverished people worldwide ...
Iranian Tanker to Retrieve Oil Cargo Confiscated by US This Week
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Iranian Tanker to Retrieve Oil Cargo Confiscated by US This Week

ATHENS (Reuters) - An Iranian-flagged tanker anchored off Piraeus port is expected this week to retrieve part of its cargo which was confiscated by the United States and sail back to Iran, following a Greek top court ruling, government sources said on Wednesday.The case has strained relations between Athens and Tehran amid growing tensions between Iran and the United States.The removal of oil from the Lana, formerly Pegas, prompted Iranian forces to seize two Greek tankers in the Middle East Gulf which have not yet been released."The (Greek) Supreme Court's ruling... is in Iran's favour," a Greek government official said, asking not to be named due to the sensitivity of the issue. The official said the ruling, which has not been made public, had come to the government's knowledge on Tue...