The world’s farmers face soaring fertiliser and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.The war, which has closed the Strait of Hormuz, has shut down…
Fertilizer Prices Surge Read More »
China is in talks with Iran to allow crude oil and Qatari liquefied natural gas vessels safe passage through the Strait of Hormuz as the U.S.-Israeli war on Tehran intensifies, three diplomatic sources told Reuters.The war, which entered its sixth day …
China in Talks with Iran on Safe Passage Read More »
Tanker rates have risen to levels rarely seen as the Hormuz Strait, a key gateway for crude oil exports is effectively shut. In its latest weekly report, shipbroker Xclusiv said that “the crude tanker tape has shifted from strong to structurally tight …
Tankers: Geopolitical Stress Moving Prices and Rates Higher Read More »
Further attacks on vessels and maritime infrastructure in the Middle East as the conflict in the region reached its 5th day. At least 9 ships now identified to have been attacked, including the ‘Safeen Prestige’ (IMO number 9593517, feeder containershi…
Middle East Conflict: Shipping Activity Very Limited, Rates on the Rise Read More »
The Strait of Hormuz is the most important waypoint for vessels destined for the Arabian Gulf, as the largest discharge ports are located on the western side. Given the current conflict in the region, many vessels currently inside the Gulf are unlikely…
Iran-USA/Israel Conflict Impact on Bulk Read More »