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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Urals STS Transfers off Ceuta Cease Since April
No ship-to-ship (STS) transfers of Russian Urals have occurred off the Spanish enclave of Ceuta since mid-April according to Bloomberg vessel tracking due to pressure from local authorities and EU restrictions.
- Some of the activity has moved towards the Atlantic Ocean, near Cape Verde, the Canary Islands and the Azores.
- Higher freight rates for smaller vessels has encouraged STS transfer onto larger vessels to make the journey towards Asian buyers in India and China.
- The waters off Kalamata, Greece remain the most active site for the STS movement of Urals. Greek authorities have said their scope to intervene is limited.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.