Insurance Costs Surge on Red Sea Routes Isn't it intriguing that only the major container lines and not tankers, LNG and bulk carriers have diverted from the Red Sea routes. A Suezmax tanker with a load of 750,000 barrels priced at $80/bbls is a cargo worth around $60 million. At a war risk insurance of
LNG Vessels & Mergers The European Commission has blocked the proposed merger between Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries on the premise that a monopoly would be established in the construction of large Liquefied Natural Gas (LNG) vessels which are an integral component of the LNG supply chain and ensure energy security.
Where has the US Commercial Shipping Industry disappeared The US Navy and US Maritime Administration will have to justify why it is so prolific in spending on naval ships rather then building US merchant navy fleet. What is really being protected by the US Navy needs an in depth study. Is the US Navy protecting
China Criticised Much to the chagrin of the United States China has not outrightly criticised Russia's blatant invasion of Ukraine. China maintains that the US and NATO were to blame for provoking Russia to launch aggression against Ukraine. China and the US continue to exchange diplomatic barbs over Taiwan. The US , EU and UK
