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Chemicals & Energy: Page 9

Maersk CEO Gives Gloomy Outlook on Reopening of Hormuz
The shipping industry could continue to face elevated fuel costs, as well as concerns around their ability to travel safely into and out of the Persian Gulf.
The Maersk Campton container ship. Photographer: Thierry Monasse/Getty Images via Bloomberg
Shipowners Stay Cautious on Hormuz Despite Hopes of a Peace Deal
It’s possible some shipowners will view the Islamic Revolutionary Guard Corps' pronouncement as an opportunity to attempt passage.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
Ships Cluster Further From Hormuz Strait as Iran Widens Grip
Since May 4, nearly 60 vessels across different types sailed into an area off Dubai — an unusually large number.
Image: Bloomberg
U.S. Denies Iran Report That Naval Ship Was Hit by Missiles
Project Freedom was set to begin on May 4, with the U.S. military pledging to provide support, including the use of guided-missile destroyers, aircraft and drones.
Photo: iStock / Dimitrios Karamitros
How Biodigesters Can De-Risk Indonesia’s Palm Oil Supply Chain
Palm oil’s supply chain is under simultaneous pressure to lower methane, improve water stewardship, enhance smallholder livelihoods and meet tightening buyer and policy expectations.
Photo: iStock/richcarey
Somali Pirates Hijack Oil Tanker in Red Sea
The Houthis and Somali pirates have cultivated an alliance over the years, with the rebels at times providing technology and military backup.
Photo: iStock / Vidas Pocius
Trump Says U.S. to Start Guiding Trapped Ships Through Hormuz
This new effort does not currently involve U.S. Navy escorts, but rather a coordination process for countries, insurance companies and shipping organizations.
Photo: iStock / 35007
Iranian Ports Could Be Blockaded for ‘Months,’ Says Trump
The economist Paul Krugman, a former New York Times columnist, said he believed most analysts had been “far too sanguine” about the effects of a prolonged Hormuz crisis.
Photo: Bloomberg
Ireland Rolls Out New Round of Fuel Supports
In total, Ireland has spent around €755 million on fuel supports in recent months, as the country's fuel prices have surged since the start of the Iran war.
Photo: Bloomberg
UAE to Leave Opec
The UAE has criticized fellow Arab states for not doing enough to protect it from numerous Iranian attacks during the Middle East conflict.
Image: iStock/William_Potter
Dual Hormuz Blockade Cuts Ship Transits to Near Zero
Oil is trading above $100 a barrel after efforts to resume peace talks stalled, leaving Hormuz almost impassable.
Photo: iStock / Dimitrios Karamitros
California’s Jet Fuel Stock at Three-Year Low
The West Coast is characterized as a “fuel island” because it’s not connected by pipelines to the rest of the country.
Photo: iStock/aapsky
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