Category: Ships and Shipping

First Fully Loaded L.N.G. Tanker Since War Began Appears to Have Crossed the Strait

Liquefied natural gas transit has been effectively halted. A ship managed by Abu Dhabi’s state oil company managed to cross, said Kpler, a maritime data firm.
The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can

Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
The U.S. Started the War. The Rest of the World Is Feeling the Effects.

In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.
The Peril of Piloting Ships Through the Strait of Hormuz

Controllers for shipping companies face a daunting decision as they try to free vessels trapped in the Persian Gulf: “Basically you’re sending someone unarmed into war.”
Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
Iran Again Tightens Its Grip on Shipping in the Strait of Hormuz

Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.
Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much

Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say

Friday’s statements raised investors’ hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again.
Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open

But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
What the U.S. Blockade Means for Iran’s Economy

Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.
European Airlines Face Fuel Shortages Within Weeks

If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.