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MAERSK ON OIL PRICES
British military says a cargo ship was hit while moving through the Strait of HormuzIn a worrying development, a cargo ship on a UN-supported journey through the Strait of Hormuz was hit by a projectile, raising alarms as I...- 'Start your engines'? Shippers wary on Hormuz reopeningShipping groups are hesitant to resume sailing through the Strait of Hormuz. An agreement between the US and Iran promises its reopening. H...
- Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...
- Maersk CEO sees passing higher oil shock costs to customersA.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to cust...
- Oil Price Today (May 5): Crude oil falls but holds above $110 as Iran war tensions persist. What are experts saying?Oil prices dipped Tuesday after a significant surge, as the U.S. Navy initiated operations to reopen the Strait of Hormuz. A U.S.-flagged v...
- Oil eases on signs US is loosening Iranian closure of Strait of HormuzOil prices saw a dip on Tuesday. This followed a significant rise after the U.S. Navy began operations to reopen the Strait of Hormuz. A U....
- The stunning way China is using America's own playbook to hit the US where it hurts most, and Washington has no idea how to respondChina Detains Panama-Flagged Ships: Nearly 70 Panamanian vessels held in Chinese ports. COSCO suspending operations at Balboa. A $2 billion...
- Trump’s Hormuz blockade has deepened a historic shipping crisisThe Strait of Hormuz has effectively shut to global shipping after the US, led by Donald Trump, imposed a blockade on Iran-linked vessels, ...
- Maersk CEO warns of downside risk to oil prices amid OPEC+ output riseMaersk executive Emma Mazhari warned of a high risk of falling oil prices due to a slight demand increase and OPEC+'s decision to raise pro...
- Oil tankers divert from Red Sea after US, UK strikes in YemenFour oil tankers, including Toya, Diyyinah-I, Stolt Zulu, and Navig8 Pride LHJ, have changed their course to avoid the Red Sea after strike...
- Oil prices rise on disruption fears after latest Red Sea attackBrent crude was up 49 cents, or 0.6%, to $77.53 a barrel at 1432 GMT. U.S. West Texas Intermediate crude was up 36 cents, or 0.5%, at $72.0...
- Oil jumps 1% in New Year after U.S. forces repel Houthis in Red SeaBrent crude rose $1.03, or 1.3%, to $78.07 a barrel by 0225 GMT while U.S. West Texas Intermediate crude was at $72.53 a barrel, up 88 cent...
- Basmati prices cool at home as a restive Red Sea hurts exportsRed Sea Attacks: Leading shipping lines' decision to avoid the Suez Canal route amid Houthi attacks has also impacted sunflower oil imports...
- Shipper Hapag-Lloyd says Red Sea route still too dangerousThe incidents have struck everything from oil tankers to container vessels, pushing shipowners to avoid the route.
- Shippers mask positions, weigh options amid Red Sea attacksA number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in ...
- Maersk sells last major energy asset as it focuses on logisticsMaersk has been close to selling the Maersk Supply Service before. In 2018 it expected to complete a divestment, citing valuation estimates...
- Maersk makes $1.4 billion green bet on methanol-fueled shipsBy 2050, the United Nations body wants shipping’s total greenhouse gas emissions to at least halve relative to 2008.
- Maersk’s green shipping plan runs up against scarce cooking oilMaersk consumes about 12 million tons of marine oil per year, roughly equal to all the oil produced in the world in one day.
- Freight boom fires Buffett trains, Maersk ships and oil pricesThe recent closing of freight deliveries from France into the U.K. serves as a reminder that things could become even more snarled, but als...
- New Bunker Adjustment Factor formulaBunker prices have tripled within the last three years and bunker costs now constitute nearly half of the total vessel costs, up from 20% a...
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