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China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely the case, with China's vast stockpile of crude a cushion against pri
https://www.marinelink.com/news/china-looks-best-placed-weather-iran-536400
https://www.marinelink.com/news/china-looks-best-placed-weather-iran-536400Ship refuelling at Fujairah, a major bunkering center in the United Arab Emirates, has slowed after the U.S.-Iran conflict disrupted fuel shipments in the region, spurring a jump in prices and potentially shifting demand to other ports including…
https://www.marinelink.com/news/fujairah-bunker-prices-surge-demand-536402
https://www.marinelink.com/news/fujairah-bunker-prices-surge-demand-536402Hong Kong-listed LC Logistics has ordered two 11,000 teu containerships from China in a deal worth about $236m. The vessels will be built by Shanghai Waigaoqiao Shipbuilding in partnership with the trading arm China Shipbuilding Trading Company. The newbuilds are scheduled for delivery by November 30, 2028 and April 30, 2029, respectively. Founded in 2004, …
https://splash247.com/bal-parent-lc-logistics-books-236m-boxship-duo/
https://splash247.com/bal-parent-lc-logistics-books-236m-boxship-duo/Malaysia’s MISC has increased its LNG newbuilding programme in China to five vessels after signing for two additional carriers at Hudong-Zhonghua Shipbuilding. The latest order covers a pair of 174,000 cu m newbuilds, which will be chartered to Malaysia’s national oil company Petronas under a 20-year contract. The long-term charter initially covered three newbuildings contracted …
https://splash247.com/misc-lifts-hudong-zhonghua-lng-series/
https://splash247.com/misc-lifts-hudong-zhonghua-lng-series/J.F. Lehman & Company, an alternative asset manager focused on the aerospace, defense, government, maritime, environmental and infrastructure sectors, has announced that investment affiliates, including JFL Equity Investors VI, L.P., have acquired Forged Solutions Group, Inc.
https://www.marinelink.com/news/jf-lehman-company-acquires-forged-536360
https://www.marinelink.com/news/jf-lehman-company-acquires-forged-536360Last month, Hydrex carried out an underwater bow thruster operation on a ferry in Stockholm, in the middle of winter. The operation was scheduled to take place during a planned break in the ferry’s timetable, allowing Hydrex to work without…
https://www.marinelink.com/news/hydrex-replaces-underwater-bow-thruster-536362
https://www.marinelink.com/news/hydrex-replaces-underwater-bow-thruster-536362At least 25 ships from seven German maritime companies, including two cruise ships carrying about 7,000 passengers, are stranded in Gulf waters and cannot leave through the Strait of Hormuz for security reasons, Germany's shipowners' association VDR said on Monday without naming the companies.
https://www.marinelink.com/news/twenty-five-ships-seven-german-companies-536366
https://www.marinelink.com/news/twenty-five-ships-seven-german-companies-536366World sugar prices headed higher on Monday on fears the U.S.-Israel war against Iran, which is disrupting global energy supplies, will prompt Brazilian cane mills to produce more ethanol and less sugar.Ethanol is a cane-based biofuel.
https://www.marinelink.com/news/sugar-prices-rise-ahead-iran-war-fears-536368
https://www.marinelink.com/news/sugar-prices-rise-ahead-iran-war-fears-536368Refiners in China, the world's top oil importer, have enough supply on hand to weather near-term disruption from the Iran conflict, bolstered by recent record purchases of Iranian and Russian crude and robust government stockpiling, traders said.A prolonged supply disruption could…
https://www.marinelink.com/news/china-oil-refiners-feel-safe-iran-536369
https://www.marinelink.com/news/china-oil-refiners-feel-safe-iran-536369Mike Sabel, CEO of Venture Global, said that the company has the largest amount of LNG cargoes in the world that are not contracted and is prepared to stabilize global markets when Qatar stops production due to attacks by Iran.Qatari LNG production equals about 20% of global supply.
https://www.marinelink.com/news/venture-global-ready-meet-lng-shortage-536377
https://www.marinelink.com/news/venture-global-ready-meet-lng-shortage-536377