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Oil finds its way: Supertankers return to Persian Gulf
Supertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran conflict. Shipping data indicates a significant increase in commodity vessel traffic, including oil tankers, signalling renewed confidence among shipowners. This return of large carriers, with a combined capacity of millions of barrels, is vital for global energy markets as hostilities ease ahead of peace talks.
Adani Ports sells 49% stake in Vizhinjam port to shipping major MSC's unit in $1.4 bn deal
Adani Ports will sell 49% stake in its Vizhinjam port to Mediterranean Shipping Co's unit for $1.4 billion. With a big capacity expansion on the cards, the partnership looks to increase traffic and improve logistics for the Indian port.
Explained: What's Article 5 Of US-Iran MoU? Why Is It Triggering Fresh Strikes?
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea on June 16.
Amid Hormuz Tension, Iran And Oman Hold First Joint Committee Meeting
The panel is tasked with examining the future administration of shipping through the Strait of Hormuz.
Oil prices rise as renewed US-Iran strikes disrupt shipping in Hormuz
Brent crude fell 10.6% last week, its third weekly decline, after crude shipments through the strait rose last week to their highest level since the US-Israeli conflict with Iran began in February
Iran Declares 30-Day Oversight Of Strait of Hormuz; Warns Against External Intervention
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea on June 16.
Union Minsiter Sonowal inaugurates Goa's new Captain of Ports Terminal building, announces phase-I priority for Goa water metro
Union Minister of Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal, in Panaji on June 27, inaugurated Goa's new Captain of Ports Terminal Building, a Rs 48.87-crore waterfront facility designed to strengthen maritime administration, improve vessel monitoring and navigation, and support the state's vision of sustainable maritime development.
Hangzhou Qiandaohu Xunlong Sci tech Share Price Today | HK: 6715 - Investing.com India
Hangzhou Qiandaohu Xunlong Sci tech Share Price Today | HK: 6715Investing.com India
Seafarers feel forgotten, shipping should not be used as collateral: IMO chief amid US-Iran conflict
Shipping must be kept out of geopolitical conflicts, urged the International Maritime Organization chief, as seafarers "feel forgotten." He highlighted the tragic loss of Indian lives in recent attacks, emphasizing the need for better seafarer protection. The IMO is working to support those still in dangerous regions, ensuring their safety and connection with families amidst escalating tensions.
Crude oil prices tumble 5% as Strait of Hormuz traffic rebounds; Brent plunges 20% in June
Brent crude prices plummeted to $72 as supply concerns eased with resumed shipping through the Strait of Hormuz. The weekly decline reaches 10%, while June losses hit 20%, reflecting the impact of improved stability in Middle Eastern oil exports.
Oman Announces New IMO-Supported Shipping Corridor In Hormuz
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea on June 16.
Asian Markets Today: Kospi Rebounds, Nikkei Slips as Investors Assess Tech Recovery
South Korean shares recovered after the previous session's sell-off, while markets tracked oil prices and shipping activity through the Strait of Hormuz.