European Chief Prosecutor Laura Codruța Kövesi gave a press conference. She said the following: “For years, criminals with the help of state officials were STEALING European funds. These funds would have helped honest and hardworking farmers and their families to cultivate this beautiful land, not to pay for villas, cars, sports cars, and God knows what else.
The Lefkada Port Authority was informed that the floating bridge (F/B) “AGIA MAVRA” H.N. 26 will operate normally during the night hours as well.
Yesterday morning, the Kardamaina, Kos Port Authority was informed that the /ro (P/R) vessel “PANAGIA EVANGELISTRIA” H.N. 12930 ran aground on a sandy shoal during its entry procedure into the port.
In eleven days time, the new US charges on Chinese linked vessels visiting US ports begins being applied. China has decided to counter these charges, allowing it to ban or impose charges on US linked tonnage visiting their ports.
LNG
Another week of trading sideways in the LNG market, with no real momentum being seen. Minimal gains were seen in the Atlantic for 174k cbm, but all other routes for both 174K and 160K vessels saw slight decreases.
Clean
LR2
LR2 freight levels in the MEG recovered a little this week. The TC1 75kt /Japan index crept up from WS114.44 to WS118.61 by the end of the week, the corresponding TCE returns went from $21,/day to $22,/day basis Baltic Description.
Capesize
The Capesize market endured a challenging week, marked by a steady decline in rates and a sharp deterioration in sentiment midweek.
