Category: Strait of Hormuz
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Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms
Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned…
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Q&A: Crew welfare in conflict zones and legal risks
Q&A: Crew welfare in conflict zones and legal risks The ongoing Iran–Israel conflict and the volatile situation in the Red Sea and Strait of Hormuz have intensified scrutiny of maritime risk zones. While the industry addresses insurance implications and routing strategies, a less discussed but critical concern lies in employment law and crew welfare. David…
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Will Iran close the Strait of Hormuz?
Will Iran close the Strait of Hormuz? The big question in international shipping today has been whether Iran’s responses to the U.S. Operation Midnight Hammer strikes on its nuclear facilities will include closing the Strait of Hormuz — the only sea passage from the Persian Gulf to the open ocean, making it the primary route…
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Shadow fleet tanker Adalynn ablaze in Strait of Hormuz after collision with Front Eagle
Shadow fleet tanker Adalynn ablaze in Strait of Hormuz after collision with Front Eagle Multiple images have emerged on social media showing the tanker Adalynn ablaze off Fujairah after being in a collision early this morning after being in a collision with the Frontline tanker Front Eagle. UKMTO ADVISORY INCIDENT 024-25https://t.co/dBHrwKzykV#MaritimeSecurity #MarSec pic.twitter.com/YPDJ9yAHPk — UKMTO…
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Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge
Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant…