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News
Talks to between Iran and Gulf states to discuss Strait of Hormuz postponed
7+ hour, 43+ min ago (80+ words) Iranian officials say a meeting with Gulf states to discuss the Strait of Hormuz has been postponed, dealing a blow to efforts to reopen the strait. Talks to between Iran and Gulf states to discuss Strait of Hormuz postponed Iranian…...
Shipping And Logistics In The Era Of Global Conflict: What To Expect
3+ day, 7+ hour ago (602+ words) Sedat Saka, energetic leader and President of MTS Logistics, a NYC-based, top U.S. logistics company. Shipping and logistics have faced a tumultuous decade. A decade after the Hanjin Shipping bankruptcy led to industry upheaval, global events like the Covid-19 pandemic have…...
Saudi-Houthis clash: Traders expect Riyadh to run out of oil stocks soon if work on east-west pipeline doesn't resume | Today News
8+ hour, 24+ min ago (493+ words) As tensions escalate in the Middle East, with the wider region being plunged into a renewed confrontation, Saudi oil buyers and traders expect Riyadh to run out of oil stocks for exports if the country does not resume operations on…...
Two pulled from water near B.C. Lower Mainland after fishing vessel sinks
12+ hour, 22+ min ago (940+ words) Winnipeg 8° C, Clear DELTA, B.C. – British Columbia’s ferry operator says two people were pulled from the waters between the Lower Mainland and Vancouver Island after their fishing vessel sank. BC Ferries spokesperson Sheila Reynolds says the marine rescue happened…...
Weekly Recap: Rovuma LNG LOI in Mozambique and Turkey FPSO commissioning
11+ hour, 11+ min ago (172+ words) TradingView Weekly Recap: Rovuma LNG LOI in Mozambique and Turkey FPSO commissioning Saipem S.p.A. (MIL:SPM) is expanding its offshore and commissioning footprint, signing a €11M LOI with Jan De Nul for Rovuma LNG Area 4 work in Mozambique—contingent on FID and approvals…...
Somalia: Somali Pirates Release Hijacked Ship and 17-Member Crew After Ransom Payment
10+ hour, 55+ min ago (387+ words) Bosaso — Somali pirates have released the MV Sward and its 17-member crew after holding the ship for months, security sources in Somalia's Puntland region told AFP. The sources said a ransom was paid, but did not say how much. The…...
Iran-US war latest: Trump says he could keep Iranian oil ‘like Venezuela’ as Hormuz talks face setback
11+ hour, 17+ min ago (1765+ words) US president Donald Trump has suggested his forces could stay in Iran and "keep the oil", drawing a parallel with a US push to take control of a fifth of Venezuela's vast oil reserves. Trump reiterated that he still expected…...
Only four vessels exit Hormuz over the weekend
12+ hour, 22+ min ago (94+ words) Middle East Eye Only four vessels exit Hormuz over the weekend Commodity vessel transits through the Strait of Hormuz fell to a single digit per day at the weekend, preliminary shiptracking data showed on Monday, well below a 10-day average…...
Cargo traffic through Hormuz falls below 10-day average
6+ hour, 57+ min ago (291+ words) The number of cargo vessel transits through the Strait of Hormuz has fallen to fewer than 10 per day, significantly below the average of 14 vessels over the previous 10 days. Asharq Al-Awsat reported this, citing preliminary vessel-tracking data. On Saturday and Sunday,…...
Israel raises naval alert over Houthi gains near Bab el-Mandeb
11+ hour, 3+ min ago (466+ words) Feels like: 23.6°C23.6°F | Cloudy Israel has increased the readiness of its naval forces amid concerns over the Houthi group’s growing advances near the strategically important Bab el-Mandeb Strait, Israeli newspaper Yedioth Ahronoth reported Sunday. The daily said Israel’s security establishment…...