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The temporary easing of U.S. sanctions on Russian crude has rapidly redrawn global oil flows, with India stepping back in as the dominant buyer of previously distressed barrels. Even as overall imports are about to ease seasonally, Russian volumes into Asia are surging -- tightening the market and pushing Urals to a rare $8/bbl premium over Brent. Washington's March 12 decision to allow sales of oil already loaded onto tankers had an immediate impact. Almost all of Russia's floating storage was ...Read More >
New Delhi [India], July 2 (ANI): The Indian Navy commissioned INS Tamal (F 71) on July 1 at Yantar Shipyard, Kaliningrad, Russia, in the presence of Vice Admiral Sanjay Jasjit Singh, the Flag Officer Commanding-in-Chief, Western Naval Command. According to a release from the Ministry of Defence, V Adm Rajaram Swaminathan, Controller of Warship Production and Acquisition, and VAdm Sergie Lipin, Commander of the Baltic Fleet of the Russian Federation Navy, were also present on the occasion, along ...Read More >
New Delhi [India], July 1 (ANI): The Indian Navy on Tuesday commissioned its latest stealth frigate, INS Tamal, in Russia, the last warship to have been built outside the country. According to an official release, the Indian Navy commissioned INS Tamal (F71) on July 1 at Yantar Shipyard in Kaliningrad, Russia, in a ceremony. The signing of the Delivery Act was done by the Commanding Officer Designate and Sergey Kupriynav, Director General of the Russian Naval Department, formalising the transf ...Read More >
European nations are investigating a Chinese cargo ship for underwater sabotage in the Baltic Sea, according to a report. Earlier this month, two undersea fibre-optic data cables were cut in the Baltic Sea. The first cable was damaged between Sweden and Lithuania and the second cable was damaged between Germany and Finland. Shortly after the damage was discovered, Sweden took the lead in investigations and European nations -- all members of the North Atlantic Treaty Organization (Nato) -- began ...Read More >
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