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Trump Threatens New Sanctions on Russian Exports After Grace Period
Trump outlines a tougher stance on Russia, conditioning peace talks on halting attacks and threatening sanctions on countries buying Russian oil.
LNG Cargo Shifts From EU To Singapore As Heat Boosts Asia Demand
An LNG cargo tanker from Qatar has been redirected from Europe to Asia, where intense summer heat is driving a surge in demand.The Al Bidda vessel, initially expected to bring some liquefied natural gas to Belgium, started moving through the Indian Ocean toward Singapore earlier this week, according to ship-tracking data compiled by Bloomberg.
China Approves Merger of CSSC and CSIC to Create World’s Largest Shipbuilder
The Shanghai Stock Exchange has reportedly approved the merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), setting the stage for the creation of the world’s largest shipbuilding conglomerate.
U.S. Says Iran Loaded Naval Mines Amid Threat to Block Strait of Hormuz
The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in Washington that Tehran was gearing up to blockade the Strait of Hormuz following Israel’s strikes on sites across Iran, according to two U.S. officials.
Middle East Conflict Drives Spike in War Risk Insurance Costs
Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the Middle East Gulf have jumped to 0.5% from around 0.2-0.3% a week ago, as risks grow to the critical Strait of Hormuz, the sources said.
Shipping On High Alert In Mideast After US Strikes On Iran
Jun 22, 2025, 5:10 AM (Bloomberg) –The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels following after US airstrikes against Iran’s nuclear facilities.
