India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
“With the two (U.S.) licences, we’re are closer than ever to be able to be the first to join Cuba with the United States by sea,” Balearia Chairman Adolfo Utor said in a statement.
No such services have run since the United States imposed a trade embargo on Cuba in 1960.
Since Washington announced the restoration of diplomatic ties with Havana last December, the treasury department has also issued ferry licenses to at least two U.S. companies.
Trips to Cuba from Spain by government officials and business leaders have jumped this year as Spain rushes to make the most of what is becoming a more open economy on the Caribbean island.
Balearia has run a route from Florida’s Fort Lauderdale and Freeport in the Bahamas since 2011 while in Spain it operates ferries to the Balearic Islands and in the Straits of Gibraltar. (Reporting by Robert Hetz; Writing by Paul Day; editing by John Stonestreet)
(c) Copyright Thomson Reuters 2015.
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