Category: Ships and Shipping

Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

The New York Times – Business:
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
Trump’s ‘Whatever It Takes’ Rattles Global Markets

The New York Times – Business:
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.
What Rising Oil Prices Could Mean for Drivers in the U.S.

The New York Times – Business:
A prolonged conflict in the Middle East could cause a spike at American gas pumps, as the busy driving season approaches.
Beyond a Trade War, China, Japan and Others in Asia Face a New Energy Threat

The New York Times – Business:
China and its neighbors scrambled to soften the blow of a disorderly trade war. Conflict in the Middle East now threatens to disrupt the oil imports that power their economies.
U.S. and Israeli War With Iran Will Likely Send Oil Prices Soaring

The New York Times – Business:
Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Oil Shipments in Persian Gulf Already Disrupted by Iran Attack

The New York Times – Business:
Tankers have begun to steer clear of the region and the Strait of Hormuz, threatening to push up energy prices.
At World’s Busiest Port, China’s Unbalanced Economy Comes Into View

The shipping traffic and factories never stop in China’s port city of Ningbo, but the local housing market has crashed and nearby restaurants sit empty.
At a Seattle Port Rocked by Tariffs, There Were 70 Jobs for 600 Workers

Dock workers are used to uncertainty, but nothing since the Great Recession of 2008 compares to what they have experienced this year.
What’s Next for Cuba, Now That Its Main Oil Supplier Is Gone?

The Soviet Union was Cuba’s benefactor for decades. Venezuela took up the slack, and Mexico has supplied “humanitarian aid.” But the world is changing rapidly, our columnist says.
China’s Oil Deal With Venezuela Faces Turning Point

Beijing has lent billions to Caracas in recent decades, and the fate of money it is owed is in question after the ouster of Venezuela’s leader.
Trump’s Seizures of Oil Tankers Challenge Maritime Rules and Customs

Recent U.S. actions against ships near Venezuela may embolden other countries to seize or detain ships, legal experts said.
A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling

The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the tankers that secretively move oil from sanctioned countries.