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Gulf shipping disruptions highlight need for alternative export routes, flexibility: ADNOC top exec

Gulf shipping disruptions highlight need for alternative export routes, flexibility: ADNOC top exec
The United Arab Emirates’ Habshan-Fujairah pipeline transports oil to a port 70 nautical miles outside the Strait of Hormuz, allowing up to 1.5 million barrels to bypass the chokepoint daily. The Iran conflict’s disruption of Gulf shipping is underscoring a...
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Japan’s MOL targets Southeast Asia for FSRU market growth

Japan’s MOL targets Southeast Asia for FSRU market growth
Japan’s shipping company Mitsui O.S.K. Lines sees Southeast Asia as an important focus market for floating storage and regasification units, Hideyuki Irisawa, an executive officer at the company, told Platts, part of S&P Global Energy, in an exclusive interview on...
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Carriers to remain cautious transiting Strait of Hormuz amid on-again, off-again peace talks

Carriers to remain cautious transiting Strait of Hormuz amid on-again, off-again peace talks
For the second time in a month, carriers must decide whether passage through the Strait of Hormuz is safe after on-again, off-again peace talks, and one shipping analyst expects shipping lines to exercise caution. Lars Jensen, president of consultancy firm Vespucci...
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Six Types of Shipping Crisis And What They Mean for Freight Procurement

Six Types of Shipping Crisis And What They Mean for Freight Procurement
Disruption is familiar. The market’s response to it no longer is. Here’s why traditional tendering strategies break down in volatile conditions and how real-time intelligence helps shippers contract smarter. Shippers have become remarkably good at managing disruption....
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BIMCO and ICS welcome Beijing Convention coming into force

BIMCO and ICS welcome Beijing Convention coming into force
The Convention, officially the United Nations Convention on the International Effects of Judicial Sale of Ships, entered into force on 17 February. The Convention is intended to address the transborder effects of judicial sales and aims to clarify the legal...
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