Tag
Shipping
6 articles
Hormuz Supertanker Cost: $10 per Barrel, Well Below Iraq's Discount
TotalEnergies CEO Patrick Pouyanne puts the all-in freight and insurance cost at $10 per barrel—far below the $25-$30 discount Iraqi crude commands, keeping the arbitrage profitable despite war risk.
Maersk Jumps 7 Percent on $3 Billion Q2 Beat, Raises 2026 Profit Outlook
The Danish shipping giant's preliminary Q2 EBITDA of $3 billion beat analyst consensus by 47 percent, signaling resilient global trade demand.
Two Saudi Tankers Go Dark in Red Sea, Lifting Oil Supply Risk
The vessels carrying crude for India disabled their AIS transponders to avoid detection in the high-risk waterway, pushing global freight insurance costs higher.
Naval Blockade Reroutes 100 Ships in Hormuz—Oil Prices Jump, Global Trade Faces Squeeze
U.S. Central Command confirmed the disruption as Iranian forces escalate actions in the critical chokepoint, pushing crude futures higher and raising insurance costs for shippers
Shipping Giants Cut Cuba Trade as U.S. Sanctions Bite
CMA CGM and Hapag-Lloyd suspended all bookings to and from Cuba, deepening the island's economic isolation
Iran Seizes Vessel Near UAE Coast, Escalating Gulf Shipping Threat
Unauthorized personnel boarded a commercial ship northeast of the UAE, directing it into Iranian waters and heightening risks for oil and trade routes in the Strait of Hormuz