Bunker Costs Push Intra-Asia Freight Rates Up 10% as Gulf Disruption Bites
The role of bunkers in freight rates has finally crossed into the intra-Asia market, with average rates rising by 10% over the past fortnight.
Golden Pass LNG in Texas Produces First LNG as Hormuz Crisis Disrupts Global Gas Flows
Golden Pass LNG has produced its first liquefied natural gas from Train 1 at its Sabine Pass export terminal in Texas, marking a major milestone… Weiterlesen »Golden Pass LNG in Texas Produces First LNG as Hormuz Crisis Disrupts Global Gas Flows
Vard Marine Wins U.S. Navy Contract to Develop Next-Generation Logistics Ship Design
Houston-based Vard Marine US, Inc. has secured a contract with the U.S. Navy to help define the service’s future logistics fleet, advancing early-stage design work on the… Weiterlesen »Vard Marine Wins U.S. Navy Contract to Develop Next-Generation Logistics Ship Design
Hormuz Shockwaves: UN Warns Energy Spike Could Ripple Through Global Trade
The UN Trade and Development is warning that the Strait of Hormuz crisis is quickly moving beyond a shipping disruption and into a broader economic shock. About… Weiterlesen »Hormuz Shockwaves: UN Warns Energy Spike Could Ripple Through Global Trade
Red Sea Lessons Haunt Western Effort to Reopen Strait of Hormuz
The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red… Weiterlesen »Red Sea Lessons Haunt Western Effort to Reopen Strait of Hormuz
Thousands of US Army Paratroopers Arrive in Middle East As Buildup Intensifies
Thousands of soldiers from the U.S. Army’s elite 82nd Airborne Division have started arriving in the Middle East, two U.S. officials told Reuters on Monday,… Weiterlesen »Thousands of US Army Paratroopers Arrive in Middle East As Buildup Intensifies
How Sanctioned Russian Arctic LNG Hardware Could Find a Second Life in Alaska’s ‘Polar LNG’ Project
A newly proposed liquefied natural gas project on Alaska’s North Slope is exploring whether sanctioned equipment originally built for Russia’s Arctic LNG 2 development could… Weiterlesen »How Sanctioned Russian Arctic LNG Hardware Could Find a Second Life in Alaska’s ‘Polar LNG’ Project
Brent Heads for Record Monthly Leap as Houthi Attacks Widen Gulf Conflict
Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis widened the Iran war by launching their first attacks on… Weiterlesen »Brent Heads for Record Monthly Leap as Houthi Attacks Widen Gulf Conflict
Missing Crew Not Found in Iran-Hit Vessel, Thai Ship Owner Says
A search for three crew members reported missing after a Thai-flagged cargo vessel was attacked in the Strait of Hormuz earlier this month failed to… Weiterlesen »Missing Crew Not Found in Iran-Hit Vessel, Thai Ship Owner Says
Russian Oil Tanker Arrives in Cuba as Moscow Vows to Stand by Havana
Russia said on Monday that an oil tanker carrying 100,000 metric tons of crude oil had arrived in Cuba and that Moscow would stand by its friends by working… Weiterlesen »Russian Oil Tanker Arrives in Cuba as Moscow Vows to Stand by Havana