One does not wish to provoke any sort of angry response from readers, but is it not time that the definition of piracy was updated? It was not that long ago that such was a crime punishable by ferocious penalties, even under quite liberal regimes, which were repealed only after somebody pointed out...
Iranian forces seized a containership operated by Switzerland-based MSC in the Strait of Hormuz on Saturday, April 13. The Portuguese-flagged MSC Aries was some 80 kilometres off the coast of the UAE when it was boarded by Iranian heliborne troops, who subsequently ordered the crew to bring the...
DUBAI, April 9 (Reuters) – The commander of Iran’s Revolutionary Guard’s navy said on Tuesday Israel’s presence in the United Arab Emirates was viewed as a threat by Tehran and it could close the Strait of…
https://gcaptain.com/iran-says-it-can-close-the-strait-of-hormuz-but-wont-for-now/
The Yemeni Houthi rebels’ continued attacks on shipping in the Red Sea serve as a reminder that global supply chains remain highly vulnerable to disruption. Moreover, it highlights how food insecurity can simultaneously be an effect and cause of conflict. To address this, the international...
The European Council has launched a new defensive maritime security operation with the objective of restoring and safeguarding freedom of navigation in the Red Sea and the Persian Gulf. Launched on Monday, February 19, Operation ASPIDES will ensure an EU naval presence in the area where numerous...
Attacks on shipping in the Red Sea have had almost no impact on the oil price, despite the volume of oil shipped through the waterway surging 80 per cent over the last two years because of the war in the Ukraine. Markets more worried about a soft global economy and rising US and Brazilian oil […]
The...
https://www.bairdmaritime.com/ship-world/tanker-world/opinion-shipping-oil-through-troubled-waters/
War in the Middle East changes the geopolitical calculus for ocean shipping, compounding existing threats from Russia’s invasion of Ukraine. Two of the top energy cargoes at risk in the Middle East are liquefied petroleum gas (LPG) — propane and butane — and liquefied natural gas (LNG).
What happens next in the Middle East will have major trade consequences for the U.S., the world’s largest exporter of both LNG and LPG.
Oystein Kalleklev is the CEO of LNG shipping company Flex LNG (NYSE: FLNG)...
https://www.freightwaves.com/news/how-middle-east-war-could-impact-global-lng-lpg-shipping
By Grant Smith Oct 8, 2023 (Bloomberg) –As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is key: will the conflict spread…
https://gcaptain.com/as-israel-hamas-war-rages-oil-traders-focus-on-iran/
By Tony Capaccio (Bloomberg) — US Navy sailors and Marines are in training for a possible mission to board merchant ships in the Strait of Hormuz to counter Iranian aggression, according…
https://gcaptain.com/us-trains-navy-sailors-marines-for-possible-boarding-to-help-ships-near-iran/
The U.S. government is reportedly considering a plan to place armed military personnel on commercial ships traveling through the Strait of Hormuz to deter Iran from seizing and harassing merchant…