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Ship-to-ship transfers and pipelines bypassing the Strait of Hormuz, where available, have become the primary export route for most Middle Eastern oil. Oil producers in the region have demonstrated what some see as remarkable adaptability to the new circumstances. In fact, it is a matter of survival. And it comes at a…
Uzbekistan is intent on establishing logistics lily pads on the shores of the Caspian and Black Seas to advance Tashkent’s Middle Corridor trade agenda. A statement published by President Shavkat Mirziyoyev’s office on September 21 revealed that Uzbek and Georgian officials have already signed an agreement to establis…
Angeliki Frangou-led Navios Maritime Partners has been linked to another four containership newbuilds at South Korea’s HJ Shipbuilding & Construction (HJSC), in a deal worth around $500m. HJSC disclosed this week that it had signed up an unidentified Oceania-based owner for four containerships, with the contract w…
Only three commodity vessels moved through the Strait of Hormuz in the past day, preliminary tanker-tracking data by Kpler showed on Wednesday, as the oil market weighs the potential resumption of U.S.-Iran talks against continued disruptions in the Middle East. The three commodity vessels, which included one Panamax …
Singapore shipmanager Synergy Marine Group has joined forces with Cochin Shipyard to pursue shipbuilding, repair and conversion work in India, adding another international partner to the state-controlled yard’s expanding network. The two companies signed an MoU in Kochi covering joint business development across newbu…
The troubled MSC Hermes III remains afloat and drifting unmanned in the South China Sea after all 25 crew abandoned the vessel yesterday. A fresh HYDROPAC navigational warning describes the 20-year-old containership as a “derelict” vessel adrift near 11°45’N 112°15’E, around 300 km east of Vietnam. The warning is curr…
Pacific International Lines (PIL) chief executive Lars Kastrup will step down next April, bringing to a close a tenure that has coincided with one of the most dramatic turnarounds in the Singapore liner’s history. Wan Chee Foong, currently managing director, corporate strategy at Temasek International, will join PIL a…
Container shipping’s extraordinary newbuilding binge has reached a point where several carriers now have more ships on order than they have in their entire existing fleets. Shipping analyst Lars Jensen, who runs Vespucci Maritime, highlighted five operators in Alphaliner’s top 100 where the orderbook exceeds the curre…
Saudi pipeline flows resume, but soaring freight and diesel prices signal persistent oil market tightness. Oil Freight Costs Explode as Gulf Risk Traps the VLCC Fleet - The ultimate showdown of the US-Iran conflict seems to be unfolding in the freight market as costs of VLCC tankers continue to push higher into unchar…
Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch around the Strait of Hormuz. The pipeline is running at a low rate for now, according to Reuters sources, with Aramco working to return flows to…
Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from the field to the Zawiya port for exports, in yet another global supply scare amid ongoing disruptions in the Middle East. An armed group has …
A conflict that has simmered in Yemen for years has flared in recent weeks, with consequences that could reach far beyond the Middle East. The Houthi rebels have seized nearly all of Yemen’s Red Sea coastline, giving the Iran-aligned militant group control of the Bab al-Mandab Strait, a key chokepoint for global trade…
Despite the recent decline in crude oil prices due to lower-than-feared disruption of Saudi exports, supply-side risks remain elevated, and not only in the Middle East, analysts at ING Bank also said on Tuesday. Oil prices dropped on Friday and Monday, with Brent Crude falling to $100 per barrel from $108 a barrel hit…
Saudi Aramco officials have informally told at least three Asian refiners that they would soon be able to pick up crude oil cargoes at the Yanbu port on the Red Sea, anonymous traders with knowledge of the matter told Bloomberg on Tuesday. Saudi Arabia has halted loadings at the Yanbu port, its key export terminal tha…
Cruise and container giant Mediterranean Shipping Co (MSC) is in talks over a possible investment in German shipyard Meyer Werft. Bloomberg and multiple German media have reported MSC is negotiating for a possible acquisition of the 80% stake in Meyer Werft currently held by Germany’s federal government and the state …
Taiwanese offshore engineering player ATE Energy International has brought its new cable-laying vessel Oceanus 1 into service, adding another locally based installation asset to the country’s growing offshore energy supply chain. The Taiwan-flagged DPS-2 vessel arrived in Kaohsiung on September 16 following handover f…
Turkey has pushed back the planned departure of the Osman Gazi floating production platform from Filyos Port to late October, delaying its deployment to the Sakarya gas field in the Black Sea. Energy and Natural Resources Minister Alparslan Bayraktar had previously said the unit would leave Filyos at the end of Septem…
Marseille-based liner Marfret has signed for two feeder containerships at China’s Hubei Guangji Green Energy Shipbuilding, handing the recently commissioned Yangtze yard another overseas order. The contract covers two 480 teu ships. Pricing and delivery dates have not been disclosed. Shanghai Merchant Ship Design and …
Satellite images gathered by Bloomberg show supertankers with capacity for 14 million barrels at Saudi Arabia's Gulf export terminals over the weekend, the highest tanker count observed since at least June, according to data compiled from the European Union's Sentinel-2 satellite. Overall Hormuz traffic kept falling o…
One of the world’s biggest oil traders, Trafigura, is spinning off its supertanker business in a new company. Trafigura on Monday said it had established a new, dedicated group company, Volare Shipping Ltd, to own, operate, and scale a modern fleet of oil tankers. The fleet will be commercially managed by Trafigura’s …
Commodity vessels traversing the Strait of Hormuz declined further, with just a dozen commodity vessels in total making the passage this weekend, Reuters has reported. This compares to 35 tankers and other commodity carriers passing the chokepoint a week earlier. The data includes only tankers that move with their tra…
The world’s two great east-west container trades are moving in dramatically different directions, with the gap between transpacific and Asia-Europe spot rates widening to unprecedented levels. Clarksons Research said in its latest Shipping Intelligence Weekly that “geographic divergence” continued in the container fre…
Clarksons’ cross-sector ClarkSea Index continues to record new all-time highs as strong conditions spread across gas carriers, bulkers, containerships and car carriers to go alongside the extraordinary earnings seen in the crude tanker sector. The ClarkSea Index climbed another 14% on Friday to $64,569 a day, propelle…
Global maritime and energy markets are currently showing two significant developments. Both indicate they should not be treated as separate market stories, but as an intertwined sector. Abu Dhabi’s ADNOC investment arm, XRG, is reportedly considering acquiring up to 50% of Energos Infrastructure, a floating-LNG compan…
The Middle East crisis has reverberated through key global shipping chokepoints thousands of miles away from the Strait of Hormuz. Following the crippled tanker traffic through the Middle East’s main oil and LNG export outlet, the Panama Canal and the Suez Canal have seen an increase in energy commodity cargo traffic …
The artificial intelligence energy crisis is catalyzing the development pipeline for space-based solar energy. As the world rushes to build up more energy production capacity in a scramble to keep up with skyrocketing demand from data center hyperscalers, the public and private sectors alike are increasingly adopting …
Kazakhstan intends to increase natural gas imports from Russia. The purchase price may be low, but the overall cost could turn out to be steep because of pending new US sanctions on Russia. Under a supplementary agreement signed with the Russian energy giant Gazprom, Kazakhstan has agreed to purchase about 11 billion …
Saudi Aramco has told European term customers they will receive no Saudi crude in October, even as the kingdom pushes roughly 60 million barrels back through the Persian Gulf after damage to its East-West pipeline. At least two European refiners were told their October allocations are zero, Bloomberg reported Friday. …
Saudi Aramco shifts crude exports to the Persian Gulf, easing supply fears and pushing Brent below $105. Friday, September 18, 2026 Last week’s market panic about the 7 million b/d East-West pipeline remaining offline for weeks gave way to a slightly more nuanced outlook this week, with Saudi Aramco re-orienting all i…
Maersk has confirmed orders for 26 large containerships, ending days of speculation over a major fleet expansion programme. The Danish carrier said on Friday that all 26 ships will have capacity of 18,600 teu and will feature dual-fuel engines capable of operating on LNG. Deliveries are scheduled across 2029 and 2030.…