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Germany signaled on Tuesday that it could halt the Nord Stream 2 pipeline from Russia if Moscow invades Ukraine, and Western nations rallied behind Kyiv over a Russian troop buildup that has stoked fears of war.Stepping up diplomacy after talks with Russia ended in stalemate last week, U.S. Secretary of State Antony Blinken will visit Kyiv on Wednesday before heading to Berlin to discuss "joint efforts to deter further Russian aggression against Ukraine" with German, British and French officials.
U.S. liquefied natural gas (LNG) developer Delfin LNG said it plans to make a final investment decision (FID) to go forward with its Gulf of Mexico floating LNG export project off Louisiana in 2022."This is the best macro-environment that the LNG business has ever seen," Delfin Chief Executive Dudley Poston told Reuters this week, noting he was "very confident" the company would make FID this year.Delfin is one of a dozen or so North American LNG export projects that delayed decisions to start construction in 2020 and 2021 in part because coronavirus demand destruction made customers unwilling to sign enough long-term deals needed to finance the multibillion-dollar facilities.
Dry bulk shipping company Diana Shipping announced that it has extended the time charter contract with CLdN Cobelfret SA, Luxembourg, for one of its Post-Panamax dry bulk vessels, Polymnia.The Polymnia is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.The vessel is currently chartered at a gross charter rate of $12,100 per day, minus a 5% commission paid to third parties, and the new gross charter rate is $24,750 per day, minus a 5% commission paid to third parties.The new charter period is expected to commence on February 2, 2022, and will run until minimum January 15, 2023 up to maximum March 15, 2023.Diana said the employment is anticipated to generate approximately $8.
Rio Tinto forecast slightly weaker-than-expected 2022 iron ore shipments on Tuesday, citing tight labor market conditions and production delays from the new greenfields mine at Gudai-Darri project.The world's biggest iron ore producer said it expects to ship between 320 million and 335 million tonnes (Mt) in 2022 from the Pilbara region in Western Australia, a forecast with a mid-point below RBC estimate of 332 Mt and UBS' estimate of between 330 Mt and 340 Mt.Rio shipped 321.6 Mt of the steel-making commodity last year, down 3% from 2020.Shares of the global miner fell as much as 1.9% to A$107.91, but reversed course to trade marginally higher, as at 0117 GMT.
Norwegian shipping company Torvald Klaveness announced that Ernst Meyer, currently serving as chief operating officer and managing director of Klaveness Ship Management, will succeed Lasse Kristoffersen as president and CEO of Torvald Klaveness from April 1, 2022.“As chairman, I am very pleased to welcome Ernst as our new CEO. Ernst has a wealth of experience from leadership roles at DNV and Klaveness and has been an important contributor to our current strategy. The board of directors is delighted Ernst has accepted the position, and we are confident that he is the right person to lead Klaveness into an exciting, prosperous future,” said Trond Harald Klaveness.