Tankers & Gas
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Global crude exports have recovered from Hormuz crisis, but can it last?
Seven months after the Hormuz crisis began, global crude flows have finally normalised, but the rebound’s sustainability is uncertain, and there is nothing normal about the crude tanker freight market
MEG crude exports hang in the balance despite June recovery amid ceasefire uncertainty
A fragile ceasefire is likely to keep exports below pre-conflict levels as shipping continues to contend with the heightened risk in the region
Ukrainian drone strike sets Russian-trading aframax ablaze off Sochi
Crew of 23 Indian seafarers evacuated unharmed after attack on Liberia-flagged tanker carrying crude oil in the Black Sea
Chinese crude imports edge higher as MEG flows rebound
September China-bound loadings hit a crisis-era high, signalling stronger crude arrivals ahead
Global crude exports have recovered from Hormuz crisis, but can it last?
Seven months after the Hormuz crisis began, global crude flows have finally normalised, but the rebound’s sustainability is uncertain, and there is nothing normal about the crude tanker freight market
Panama Canal extends long-term slot programme as waterway prepares for another drought-threatened dry season
Advance booking scheme expanded to panamax locks for the first time, offering 558 reserved transit slots for early 2027 as the canal continues to manage climate-related water constraints
The week in newbuildings: Seaspan enters big bulk sector with Vale-linked ore carrier order
Seaspan’s latest orders continue its diversification programme beyond its traditional containership business
Somali pirates abandon hijacked tanker Eureka as Puntland steps up enforcement
Somali pirates have abandoned the hijacked tanker Eureka after nearly five months in captivity as Puntland security forces intensify operations against pirate networks, following the recent recoveries of Honour 25 and Sibu 1
Puntland forces free tanker Honour 25 after five-month Somali pirate hijacking
Puntland security forces have freed the hijacked tanker Honour 25 after more than five months in pirate captivity off Somalia, although unconfirmed reports suggest the rescue operation may have resulted in the deaths of the master and four crew members
Adnoc L&S orders three more VLGCs as fleet expansion gathers pace
Adnoc Logistics & Services has ordered three newbuild VLGCs worth $324m, extending an aggressive fleet expansion strategy that has already seen the UAE group spend more than $1.6bn on tanker and gas carrier acquisitions amid heightened regional security concerns
The Week in Charts: Iran’s ship attacks show strategy of disruption not discrimination | Abu Dhabi emerges as container shipping’s Hormuz shuttle operator
Lloyd’s List’s weekly showing of the data and figures behind our news, analysis and markets coverage
Four more vessels added to Iran’s Hormuz blacklist
Adnoc-controlled LPG carrier Al Shumoukh, Sinokor-owned VLCC Algeria Prosperity and two other vessels are the latest additions to Tehran’s list of so-called non-compliant ships
The week in newbuildings: Maersk discloses big ULCS order
Over the past week, 54 newbuildings were reported, including contracts for a large series of ultra-large boxships for Maersk
LNG tanker and sanctioned tankers head to Indian ship recyclers
India’s willingness to accept sanctioned vessels continues to give its recycling industry a competitive edge over Bangladesh, Pakistan and Türkiye
Japan sanctions shadow fleet vessels for first time in escalation of Russia crackdown
Japan has sanctioned shadow fleet vessels for the first time, targeting 35 tankers linked to Russian oil exports and signalling a cautious but significant shift towards the vessel-focused sanctions model adopted by Europe and the UK
UK sanctions target Russia’s emerging LNG shadow fleet as gas carriers added to blacklist
UK sanctions have expanded beyond oil tankers to target an emerging LNG shadow fleet, blacklisting eight vessels linked to Russian gas exports while preserving narrowly defined exemptions for Sakhalin-2 supplies to Japan and South Korea
LNG industry starts to wonder if Qatari gas will ever truly come back
No one knows when a lasting reopening of the Strait of Hormuz can happen. But gas industry watchers have started to ponder the unthinkable
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