Nicholas Lua

1 week ago | spokesman.com | Weilun Soon |Nicholas Lua |Alex Longley

Two giant ocean-going tankers collided and caught fire near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets that have been on high alert since Israel attacked Iran. The Front Eagle, an 1,100-foot supertanker known as a very large crude carrier, and a smaller vessel called the Adalynn, crashed into each other off the coast of the United Arab Emirates at 00:15 local time on Tuesday, Frontline Plc, owner of the first vessel said by email.

1 week ago | financialpost.com | Weilun Soon |Nicholas Lua |Alex Longley

Skip to ContentAdvertisement 1Two giant ocean-going tankers collided and caught fire near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets that have been on high alert since Israel attacked Iran. Article content(Bloomberg) — Two giant ocean-going tankers collided and caught fire near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets that have been on high alert since Israel attacked Iran.

1 week ago | insurancejournal.com | Weilun Soon |Nicholas Lua

Two tankers collided in waters off the United Arab Emirates and caught fire in the early hours of Tuesday, rattling global oil and shipping markets that have been closely monitoring navigation in the region since Israel began strikes on Iran late last week. Vessels Adalynn and Front Eagle crashed about 24 nautical miles east of Khor Fakkan, in an incident apparently unrelated to the ongoing fighting.

1 week ago | bloomberg.com | Yongchang Chin |Nicholas Lua |Jack Wittels

(Bloomberg) -- The cost of hauling refined oil out of the Middle East surged on Tuesday as shippers reacted to the conflict between Israel and Iran. Rates for shipping large cargoes of fuel from the Persian Gulf to Japan almost doubled to more than $55,000 a day, data from the Baltic Exchange show. The cost of moving product to East Africa and northwest Europe from the Middle East also soared.

1 week ago | bloomberg.com | Weilun Soon |Nicholas Lua

Nahe der Einfahrt zur Straße von Hormus hat es vor der Küste der Vereinigten Arabischen Emirate (VAE) einen Brand gegeben, der laut einem Spezialisten für das Management von Seefahrtsrisiken jedoch nichts mit kriegerischen Handlungen zu tun hat. “Wir können bestätigen, dass der Vorfall keinen Sicherheitsbezug hatte”, teilte die Firma Ambrey am Dienstag per E-Mail mit.