Idan Ofer’s speculative order of 15,000 teu LNG dual fuel ships was significantly bigger than initially thought. In addition to the 11 vessels already chartered to CMA CGM, a further 11 sister ships are due to be delivered between 2021-22

The Trump administration has made no secret of its increasingly hardline stance on any shipping entity prepared to trade oil to Iran, so why was Cosco caught off-guard by the blacklisting of several Chinese companies including two Cosco units?

New framework provides a list of eight freight operators who could transport critical goods such as medicines after October 31. Elsewhere, post-Brexit port infrastructure contracts are understood to be announced imminently

Eastern Pacific’s 15-year charter of a sextet of LNG-dual-fuelled containerships to CMA CGM marks a strengthening of ties between Idan Ofer and Rodolphe Saadé, who share a pro-LNG stance on emissions reduction and environmental investment strategy

A squeeze in long-term supplies is not the issue given well-stocked oil reserves, even with the repair timeline likely to drift into months. The detail of alternative energy sourcing arrangements, bunker price implications and the security risk yet to emerge as retaliations beckon are the pressure points for shipping.

Abqaiq is the largest oil processing facility in the world and seen as the nerve centre of the Saudi energy system. Initial reports indicate 15 structures at Abqaiq suffered damage. A report seen by Lloyd’s List suggests repairs could take months.