Photo: SHASHI ASHIWAL www.thehindu.com
There must be a giant magnet sitting underneath Mumbai’s Juhu Beach because in less than 6 weeks, two huge merchant ships have found themselves firmly planted in its sand. The latest one, the Panama-flagged MV Pavit actually drifted on its own for 900 miles across the entire Arabian Sea before washing ashore in India.
The ship was reportedly abandoned by it’s crew off Oman on the 29th of June.
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Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.
The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
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