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Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $80.89 a barrel…
https://www.marinelink.com/news/oil-price-soars-usisrael-war-iran-raises-536396
https://www.marinelink.com/news/oil-price-soars-usisrael-war-iran-raises-536396European financial markets are under strain as the U.S.-Israeli war on Iran revives concerns about an energy supply shock exacerbating inflation.ING says the euro zone is the most exposed major economy to the conflict, making the region, which has benefited from investor diversification out of U.S.
https://www.marinelink.com/news/europe-pressure-gas-prices-climb-israelus-536398
https://www.marinelink.com/news/europe-pressure-gas-prices-climb-israelus-536398A fuel tank at Oman’s Duqm commercial port was hit on Tuesday when the facility came under attack from several unmanned aircraft, the state news agency said, citing a security source, on the fourth day of U.S.-Israeli strikes on Iran, which…
https://www.marinelink.com/news/drone-attack-damages-fuel-tank-omans-duqm-536399
https://www.marinelink.com/news/drone-attack-damages-fuel-tank-omans-duqm-536399China 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-536366