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Keyword: baltic

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  • Baltic Dry Index Falls Further After Record Drop

    01/05/2023 9:40:59 AM PST · by EBH · 16 replies
    G Captain ^ | 1/4/22
    The Baltic Dry Index fell further today after yesterday’s biggest daily percentage drop since 1984. Jan 4 (Reuters) – The Baltic Exchange’s dry bulk sea freight index extended its decline to hit an over one-month low on Wednesday, weighed by weaker demand across vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, lost 74 points, or 5.9%, to 1,176, a day after posting its biggest daily percentage loss in decades. * The capesize index dropped 119 points, or 7.3%, to 1,516, its lowest in more than four weeks....
  • Russian Sabotage Of The Nord Stream Pipeline Marks A Point Of No Return

    09/29/2022 8:02:53 AM PDT · by MNDude · 108 replies
    However, the attacks on Nord Stream are more dire than anything we previously saw. This act of sabotage signals a point of no return. The economic damage caused by these attacks is going to land Europe in a recession as deep as the recession of 2009. The environmental damage is immense, with millions of tons of methane polluting the ocean and environment. This winter, Europe is doomed to face the worst energy crisis since the Arab oil embargo of 1974, or worse. European leaders have already identified and condemned Russia as the obvious culprit. Polish Prime Minister Mateusz Morawiecki described...
  • Germany and Russia's secret war against America

    09/14/2018 12:08:05 PM PDT · by CondoleezzaProtege · 12 replies
    The Trumpet ^ | Aug 2018 | Gerald Flurry
    President Donald Trump publicly rebuked German Chancellor Angela Merkel on July 11 for Germany’s decision to buy a massive amount of gas from Russia. “I think it’s very sad,” he said. "Germany is totally controlled by Russia,” he later said, “I think it’s a very bad thing for nato and I don’t think it should have happened.” Nord Stream and Nord Stream 2 are key components of Putin’s plan to tighten his grip on nations in Eastern Europe that used to be part of the Soviet Empire. Since these pipelines travel directly from Russia to Germany, they enable Putin to...
  • Trump signs off on sanctions against Nord Stream 2 Russia-Germany gas pipeline

    12/20/2019 5:50:02 PM PST · by ameribbean expat · 32 replies
    The sanctions target companies that are involved in constructing the massive energy project that will transport Russian gas supplies under the Baltic Sea and deliver them directly to Germany. Under the sanctions, the Trump administration now has 60 days to identify companies and individuals providing services on the pipeline. The sanctions allow Washington to revoke US visas and block the property of these individuals. Those targeted by the sanctions would then have 30 days to wind down their operations.
  • Gazprom to further cut gas supplies to Germany via Nord Stream

    06/16/2022 4:34:04 AM PDT · by FarCenter · 38 replies
    The Russian energy giant said it was cutting supply volumes to Germany through the Nord Stream 1 pipeline by roughly another third, after an initial reduction on Tuesday. Russian energy giant Gazprom said on Wednesday it would further reduce the capacity of gas supplies via the Nord Stream 1 pipeline to 67 million cubic meters (2,366 million cubic feet) per day. The decision comes into effect at 01:30 a.m. Moscow time on Thursday (2230 UTC on Wednesday), Gazprom said, adding that the halt was due to the "technical condition of the engine" at a compression station. The company had announced...
  • Exclusive: Nord Stream 2 owner considers insolvency after sanctions

    03/01/2022 9:40:53 AM PST · by marcusmaximus · 4 replies
    Reuters ^ | 3/1/2022 | Aziz El Yaakoubi and Shariq Khan
    The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it. The United States sanctioned Nord Stream 2 AG last week after Russia recognised two breakaway regions in eastern Ukraine prior to its invasion of the country, which has prompted a wave of economic sanctions by the West. Nord Stream 2 AG, which is registered in Switzerland and owned by Russian state-owned gas giant...
  • German $10 Billion Gas Bill Shows Perks of Close Russia Ties

    04/27/2018 1:30:48 AM PDT · by Trump20162020 · 8 replies
    Quint ^ | April 25, 2018 | Elena Mazneva
    Are Berlin’s close energy ties with Moscow paying off? Data from Russia’s Federal Customs Service shows they might be after Germany paid less for natural gas from the world’s largest exporter than most other buyers. Only the U.K., which produces most of its own gas, had lower import costs among the biggest offtakers, according to the figures obtained by Bloomberg and detailed in the chart below. Chancellor Angela Merkel has worked to strengthen the energy relationship with Russia, bucking U.S. pressure to punish Vladimir Putin’s interference in Syria and elections across the west. Germany has backed projects such as Gazprom...
  • Trump opposes Nord Stream II Gas Pipeline, questions Germany

    06/13/2018 1:57:23 PM PDT · by CondoleezzaProtege · 38 replies
    Anadolu Energy Agency ^ | Apr 2018 | Murat Temizer
    The U.S. President Donald Trump objected to the Nord Stream II natural gas pipeline to carry Russian gas to Germany through the Baltic Sea prior to a working lunch with the heads of the Baltic States. In April, Trump met with the presidents of Lithuania, Latvia and Estonia in the White House to discuss energy and security issues. "Germany hooks up a pipeline into Russia, where Germany is going to be paying billions of dollars for energy into Russia," said Trump and added, "And I’m saying, “What’s going on with that? How come Germany is paying vast amounts of money...
  • VIDEO: Reminder that President Trump Was a Prophet on Nord Stream 2 Danger

    03/06/2022 7:44:41 AM PST · by PJ-Comix · 17 replies
    YouTube ^ | March 6, 2022 | DUmmie FUnnies
    VIDEORemember how the liberal media kept screeching that President Trump was Putin's puppet? Well, the reality was quite the opposite because President Trump OPPOSED the one thing most important to Vladimir Putin, namely the completion of the Nord Stream 2 pipeline. A project that President Trump knew would make Western Europe dependent on Russian energy which is why he imposed sanctions upon it.Oh, and does anybody out there really think Russia would have invaded Ukraine if President Trump were still in the White House? But, hey, at least we no longer have mean tweets.
  • The Nord Stream blasts are Putin’s warning shot to the West

    09/28/2022 12:39:20 PM PDT · by EnderWiggin1970 · 114 replies
    The Spectator ^ | 9/28/22 | Mark Galeotti
    While the Ukrainians are fighting a conventional war on their own territory, Russia and the West are engaged in an unconventional one fought by economic pressure, political subterfuge and dirty tricks. The apparent sabotage of the Nord Stream gas pipelines seems just the latest example. Both of these lines linking Russia to Germany have sprung devastating leaks. The cause, according to seismological readings, was a series of explosions off the Danish island of Bornholm, too directed (and powerful enough to breach 4cm of steel and a thick concrete mantle) and too synchronised to be any kind of an accident. There...
  • Why Putin would want to blow up Nord Stream 2, and the advantages it gives him

    09/28/2022 1:29:11 PM PDT · by NoLibZone · 136 replies
    The telegraph ^ | James crisp
    The Russian leader has a record of weaponising fuel supplies and believes his people can endure economic pain longer than western Europe The suspected sabotage of the Nord Stream pipelines could be a page ripped straight from Vladimir Putin’s playbook of panic, escalation and misdirection. The former KGB agent’s illegal war on Ukraine resulted in unprecedented Western sanctions against Moscow. But the Russian president is confident that his people can endure economic pain longer and better than Europeans. His calculation is that soaring gas prices and the cost of living crisis in a continent hopelessly addicted to Russian energy will...
  • Russia cuts off gas exports to Europe via Nord Stream indefinitely

    09/03/2022 2:03:54 AM PDT · by Cathi · 123 replies
    CNN Business ^ | Uliana Pavlova and Anna Cooban
    Russia won’t immediately resume exports of natural gas to Europe through its Nord Stream 1 pipeline, worsening a shortage that threatens to tip the continent into an energy crisis this winter. On Friday, Russian state energy giant Gazprom said it would not resume flows through the pipeline on Saturday as planned because it had detected an oil leak at its Portovaya compressor station. The pipeline has been shut since Wednesday for maintenance. It didn’t give a timeline of when exports might resume.
  • NATO vows determined response to ‘deliberate, reckless’ sabotage of Nord Stream

    09/29/2022 4:59:14 AM PDT · by JonPreston · 123 replies
    AFP ^ | 9/29/22 | AFP
    NATO on Thursday said leaks from the Nord Stream gas pipelines appeared to be sabotage and vowed a “determined response” to any attacks on critical infrastructure.“All currently available information indicates that this is the result of deliberate, reckless and irresponsible acts of sabotage,” the Western military alliance said in a statement.“These leaks are causing risks to shipping and substantial environmental damage. We support the investigations underway to determine the origin of the damage,” it said.
  • Nord Stream Gas Pipeline Blown Up: The Latest Twist In The Crazy Energy Sector

    09/28/2022 4:55:29 PM PDT · by MNDude · 75 replies
    • Russia has been implicated in the attack, though the Kremlin are denying it and the reasons behind such a move remain unclear • The volatility is creating a perfect backdrop for an increase in clean energy, and we’ve created a way for investors to use AI to take advantage of the opportunity The green energy revolution With all this madness going on in the background, the push towards green energy has been growing steam. Everyone has known for a while now that we need to begin to bring more diversity into our energy grid. These latest problems have highlighted...
  • U.S. “Leadership” should remain “cool, calm, and dry” on the SABOTAGE of the Nord Stream Pipelines

    09/28/2022 2:37:12 PM PDT · by conservative98 · 13 replies
    Truth Social ^ | Sep 28, 2022, 07:03 | Donald J. Trump
    Sep 28, 2022, 07:03 Donald J. Trump @realDonaldTrump U.S. “Leadership” should remain “cool, calm, and dry” on the SABOTAGE of the Nord Stream Pipelines. This is a big event that should not entail a big solution, at least not yet. The Russia/Ukraine catastrophe should NEVER have happened, and would definitely not have happened if I were President. Do not make matters worse with the pipeline blowup. Be strategic, be smart (brilliant!), get a negotiated deal done NOW. Both sides need and want it. The entire World is at stake. I will head up group???
  • Coons: Nord Stream pipeline leaks likely ‘an act by Russia’

    09/28/2022 10:08:18 AM PDT · by MNDude · 144 replies
    Sen. Chris Coons (D-Del.) said leaks in the Nord Stream pipelines were likely “an act by Russia” to place economic pressure on European allies of Ukraine. European leaders have said leaks that have happened on Nord Stream 1 and Nord Stream 2, two pipelines that carry natural gas under the Baltic Sea from Russia to Germany and supply Europe, may represent acts of intentional sabotage by Russia to punish Europe’s support of Ukraine. “We’ve seen over and over [Russian President] Vladimir Putin use energy as a weapon against the West to try and undermine NATO’s unity in the face of...
  • Seismologists Reveal Suspected Cause of Damage to Nord Stream Pipelines

    09/28/2022 10:00:48 AM PDT · by lightman · 41 replies
    epoch times ^ | 28 September A.D. 2022 | Jack Phillips
    Two undersea leaks that began in the Nord Stream 1 and 2 natural gas pipelines were likely caused by underwater explosions, according to seismographic data. Bjorn Lund‬, director of the Swedish National Seismic Network at Uppsala University, told NPR Wednesday that it is “very clear from the seismic record that these are blasts.” Neither of the gas pipelines were active when officials reported sudden losses of gas pressure late on Monday, which they said could only be caused by significant leaks. “These are not earthquakes,” he added. “They are not landslides underwater.” And in an interview with Swedish television, Lund...
  • Germany, EU decry US Nord Stream sanctions

    12/21/2019 7:08:06 AM PST · by Olog-hai · 23 replies
    Deutsche Welle ^ | 12.21.2019 | rs,es/ng (AFP, dpa, Reuters)
    US sanctions targeting the Nord Stream 2 gas pipeline between Russia and Germany were signed into law on Friday evening after President Donald Trump signed off on a massive defense bill. The sanctions target companies that are involved in constructing the $11 billion (€9.93 billion) energy project that will transport Russian gas supplies under the Baltic Sea and deliver them directly to Germany. […] On Saturday, the group behind the project said it would aim to complete the project quickly in an effort to minimize the damage of US sanctions. “Completing the project is essential for European supply security. We,...
  • Joe Biden: Blocking Russia’s Nord Stream 2 Pipeline Would Be ‘Counterproductive’ with Europe

    05/25/2021 7:46:31 PM PDT · by E. Pluribus Unum · 35 replies
    Breitbart ^ | 25 May 2021 | CHARLIE SPIERING
    President Joe Biden defended on Tuesday his decision to allow the Russian Nord Stream 2 pipeline to finish construction, arguing that blocking it would hurt his relationship with European countries. The Biden administration plans to scrap sanctions on the Russian company responsible for the pipeline, Axios reported last week, clearing the way for the project to continue. Biden spoke about the pipeline as he left the White House for a trip to Delaware, placing a priority on European interests, despite Republican senators condemning the project. “To go ahead and impose sanctions now would, I think, be counterproductive in terms of...
  • Biden received funds from top Russia lobbyist before Nord Stream 2 giveaway

    05/29/2021 1:59:00 PM PDT · by massmike · 25 replies ^ | 05/29/2021 | Jon Levine
    President Biden and his allies raked in campaign cash from a top Russia lobbyist in 2020, just months before his administration’s decision to scrap sanctions on a controversial firm building a Russian oil pipeline to Germany. Richard Burt, a managing partner at McLarty Associates and a former U.S. ambassador to Germany during the Reagan administration, ponied up $4,000 for Joe Biden in October 2020 and dropped another $10,000 in the lefty-aligned political action committee Unite The County in March 2020, FEC records show. In addition to violating Biden’s own campaign pledge not to take lobbyist cash, the money from Burt...