Houthi attacks from Yemen on commercial vessels in the Red Sea and Gulf have generated major disruption across key shipping artery The cost of transporting cargo through the Red Sea and the Suez Canal, a […]
Norwegian small-scale LNG sea transport and bunkering vessels developer Kanfer Shipping has joined forces with Egyptian Natural Gas Holding Company (EGAS) and Leth Suez Transit (LETH) to establish a strategic LNG bunkering hub in the Suez […]
CAIRO: The Ismailia Economic Court in Egypt has ruled that the container ship that blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner […]
Energy News Beat Publishers Note (ENB): This article has some great nuggets. Key points: China’s steel production is on the rise and coking coal from Australia is critical, and the basic commodities are going through […]
Egyptian authorities may seek over $1 billion in damages for helping to clear the Ever Given from the Suez Canal, as a dilemma emerges over who might foot the bill. “We will reach over a billion […]
In the end, it took roughly six days and seven hours to undo the minutes of drama that exposed the vulnerability of global trade and captivated the world. It may take longer to figure out how […]
Energy News Beat Publishers Note: George Friedman has an outstanding look at world political winds and their impact on economic implications. Sign up for his newsletter at geopoliticalfutures.com. I’ve often written about chokepoints – those […]
The immediate crisis of the Suez Canal blockage may have ended, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning. The long-term cost of the canal’s estimated $10-billion-a-day closure will likely be small, […]
When the Ever Given, a 400-meter container ship, ran aground in the Suez Canal on March 23, it choked off a busy shipping lane for the global oil and gas trade. Ten percent of global seaborne oil trade, […]
Energy News Beat Publishers Note: With over 130,000 animals’ lives at risk, this is now a matter for PETA. They can rally the world’s resources and get the ship refloated. Just kidding, it is a […]
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