Iran Claims to Have Seized UAE Tanker After Multiple Attacks Last Week
Iranian media is carrying unconfirmed reports on Monday, August 17, that it has detained a tanker linked to the UAE for violations of its rules for the Strait of Hormuz.
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Tanker Struck Near Black Sea Terminal as Both Sides Continue Attacks
The pace of attacks and retaliations between Ukraine and Russia is continuing, with both sides reporting striking additional ships and infrastructure. An incident with a Greek-managed tanker, however, is raising concerns after reports last week that Ukraine had agreed to…
Ship Recycling Yards Scout Round for Suitable Tonnage
With the end of the monsoon season in sight, yards are on the lookout for demolition candidates with old bulkers and LNG steamers at the top of the shopping list.
USACE Grants Federal Permit for Louisiana International Terminal
The US Army Corps of Engineers has granted a federal permit authorising construction of the Louisiana International Terminal on the Lower Mississippi River. The container terminal is being developed through a public-private partnership between the Port of New Orleans, Terminal…
Saudi Aramco Takes Page From ADNOC Playbook to Supply Crude Outside Strait of Hormuz
Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, two sources with knowledge of the matter said on Monday, in a strategy similar to that adopted by United Arab Emirates' Abu…
Chinese Demand Drives Russia’s Far East Crude Back to a Premium
Russia's Far East ESPO Blend crude for October delivery to China is trading at premiums of up to $1 a barrel to ICE Brent, supported by strong Chinese demand and uncertainty over oil supplies from the Middle East and Iran,…