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Turkish Ship to Continue Exploration in Mediterranean, Energy Minister Says

IZMIR, Turkey, Oct 19 (Reuters) – A Turkish energy exploration ship will continue to operate in the Mediterranean Sea, the energy minister said on Friday, after Ankara said the navy stopped a Greek frigate from harassing the ship due to territorial disputes. Turkey, Greece and Cyprus’s internationally recognized Greek Cypriot government have long disputed their […]

Exxon Makes Major Bet on Brazil as Petrobras Eases Its Grip

By Sabrina Valle and Kevin Crowley (Bloomberg) — In a single year, Exxon Mobil Corp. has gone from being a tiny bit player in Brazil to the second-largest holder of oil exploration acreage, trailing only state-controlled Petroleo Brasileiro SA. The last 24 concessions the U.S. giant bought with its partners may hold 41 billion barrels, based on […]

Hong Kong-Flagged Bulk Carrier Attacked by Pirates Off Somalia

A Hong Kong-flagged bulk carrier was attacked by pirates off the east coast of Somalia this week showing the persistent threat of piracy despite the the decrease in number of incidents off the Horn of Africa. The attack occurred Wednesday, October 16th, when a group of four pirates armed with AK-47s approached the MV KSL […]

UK Reminds China of Importance of Maritime Law

LONDON, Oct 19 (Reuters) – British Prime Minister Theresa May stressed the importance of international maritime law in a meeting with Chinese Premier Li Keqiang on Friday, May’s office said in a statement. “The Prime Minister reiterated the UK’s firm commitment to the rules-based international system, including the importance of freedom of navigation and maritime […]

Piraeus Port Urges Greece to Speed Up Investment Plan Approval

By George Georgiopoulos ATHENS, Oct 19 (Reuters) – Piraeus Port Authority (PPA), operator of Greece’s largest port, wants the Greek government to speed up the approval of an investment plan that aims to attract more business to one of Europe’s largest harbours, executives said on Friday. PPA, majority owned by China’s COSCO Shipping , is […]