Egypt to purchase LNG to curb potential summer shortage
Egypt has initiated the purchase of liquefied natural gas (LNG), a notable departure for the typically exporting…
Browsing Tag
Red Sea
Asian diesel margins heat up amid supply surplus, sea concerns
Asia’s diesel production margins are under increasing pressure due to an oversupply as major exporters ramp up…
Egypt’s non-oil activity suffers over Suez Canal disruption
Egypt's private sector activity declined in February, with the Suez Canal freight drop and foreign currency…
Maersk: Red Sea disruptions could extend to H2 of ’24
Maersk, the Danish shipping company, has warned its clients to expect disruptions in the Red Sea to continue into…
Oil tanker crisis intensifies as Red Sea attacks divert trade
The oil tanker industry’s old warnings about a shortage of new ships are now impacting the market due to Houthi…
Oil prices surge amid Red Sea tensions
Oil prices rose in Asian trade on Wednesday due to concerns about attacks on shipping in the Red Sea and…
MSC to resume Suez Canal transit once tensions ease – CEO
Switzerland's MSC will “immediately” return shipping through the Suez Canal as soon as the security situation…
IMF: Red Sea shipping activity down 50% due to Gaza war
Shipping in the Red Sea has decreased by 50 per cent due to geopolitical tensions and the conflict in Gaza,…
TotalEnergies stops navigating Red Sea
TotalEnergies stated that the journey of its ships to Europe has been prolonged since the company stopped sending…
Suez Canal chief discusses Red Sea crisis with shipping lines
Admiral Ossama Rabiee, Chairman of the Suez Canal Authority (SCA), met with shipping representatives on Sunday to…
