Companies in the United States and Australia, two of the top global liquefied natural gas producers, have little spare capacity to offset lost supply after Qatar halted production and declared force majeure on… Weiterlesen »World’s LNG System Strains as Qatar Halt Leaves Little Backup Supply

The global marine insurance market says war risk cover for vessels transiting the Persian Gulf and Red Sea remains available despite a wave of cancellations… Weiterlesen »Insurers Say War Cover Still Available for Gulf Voyages as Shipping Crisis Deepens

Russia’s sanctioned Arctic LNG 2 export network is showing early signs of disruption after an explosion sank one of its shadow fleet carriers in the… Weiterlesen »Russian ‘Shadow Fleet’ LNG Tankers Reroute After Blast Sinks ‘Arctic Metagaz’ in Mediterranean

The U.S. attack on an Iranian warship in the Indian Ocean this week was the first time since World War Two that the United States has sunk… Weiterlesen »Iranian Warship Sunk by US Torpedo Participated in Indian Drill

France has reached out to the governments of Italy and Greece to coordinate efforts in the Eastern Mediterranean as tensions over the war in Iran… Weiterlesen »France, Italy, Greece to Help Ensure Red Sea Shipping Transit

A tanker anchored off Kuwait reported a large explosion late Tuesday followed by the departure of a small craft from the area, raising fresh concerns… Weiterlesen »‘Large Explosion’ Reported on Tanker Near Kuwait as Small Craft Seen Fleeing, UKMTO Says

The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to begin unwinding tariffs imposed under the International Emergency Economic Powers Act… Weiterlesen »Trade Court Ruling Opens Door to Tariff Refunds for U.S. Importers

It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates sky-high.

Commercial shipping through the Strait of Hormuz has slowed to a near standstill as missile attacks, drone threats, and widespread electronic interference continue to rattle… Weiterlesen »Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns

Qatar declared force majeure on LNG exports amid the U.S.-Israeli war on Iran, shutting down facilities that supply 20% of global liquefied natural gas. The… Weiterlesen »Qatar LNG Shutdown Sends Global Gas Markets Into Turmoil