Can the Middle East crisis save Jim Ratcliffe’s Ineos empire? ft.trib.al/4QfNKho
Strait of Hormuz flow will take ‘weeks’ to resume, largest tanker operator warns ft.trib.al/NtFIJ3g
Greek shipping tycoon Evangelos Marinakis said he would be ready to pay fees to transit the Strait of Hormuz if that would keep the waterway open to shipping. ft.trib.al/gNQD4q2
Shipowners warn that the situation in the Gulf is still "volatile" and that clearing the backlog of ships wanting to get out could take weeks in spite of any peace deal.
It appears (from Iranian reports) that after 60 days they will also start trying to charge tolls
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Some bond investors believe the group’s debt is unsustainable, but others think its scale and edge will see it through
Denmark’s Fayard is the only remaining shipyard in Europe to service ice-class LNG tankers that export from Russia’s Yamal LNG. It’s not a sanctioned activity but has provided a critical lifeline for Russian gas to reach the EU.
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It is important that the @financialtimes.com, and @alicemhancock.bsky.social continue to shine a light on the loopholes that allow Russian LNG exports to benefit from Western services.
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Financial Times
Financial Times
Financial Times
Around 15 ships per day are going in and out of the Strait of Hormuz under cover of darkness and with their GPS signals off, raising the very real possibility of a crash:
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Yesterday Greek shipping tycoon George Prokopiou came as close as he’s come publicly to admitting that he has sent ships through the Strait of Hormuz and now he’s readying more…
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Fayard is only remaining EU yard taking on dry-dock work for ships carrying gas exported from Siberia
Shipping companies are turning to trucks to move cargo across the Gulf as disruption in the Strait of Hormuz sends freight rates soaring and leaves goods stranded across global ports.
Tap the link here to read more: ft.trib.al/QLBa69f
Prices slip even as analysts warn that flows may be slow to recover and remain vulnerable to renewed disruption
How Europe learned to stop worrying and love… state aid
@bmoens.bsky.social & @alicemhancock.bsky.social on the dangerous weapon with the power to break the EU single market
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EU state aid has increased. Will that fend off China or fragment the single market?
