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Strait of Hormuz closure risks greatest global energy supply shock in decades, Wood Mackenzie warns

A prolonged closure of the Strait of Hormuz poses the single greatest threat to global energy markets in decades, according to a new Horizons report from Wood Mackenzie, Strait Talking: Iran War Scenarios and the Future of Energy. More than 11 million barrels per day (b/d) of Gulf crude and condensate production is currently curtailed. …

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Concern for container cargoes

Merchandised trade entered this year on an unexpectedly strong footing, propelled by high-tech manufacturing and containerised shipping across the Pacific. However, beneath the surface of these strong early performance indicators is a more fragile reality, according to the United Nations Conference on Trade and Development (UNCTAD). In its newest report, Trade and Development Foresights 2026, …

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Will China Help Reopen Hormuz?

The long-awaited visit of U.S. President Donald Trump to Beijing to meet Chinese President Xi Jinping took place on Thursday. According to the U.S. State Department, both sides agreed that tolls should not be imposed on vessels transiting the Strait of Hormuz. However, it remains unclear how far China is willing to use its leverage …

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MAGPIE project demonstrates that safe ammonia bunkering in ports is possible

A new demonstration project in the Port of Rotterdam shows that ship-to-ship ammonia bunkering can be carried out safely within an active port environment. The demonstration is part of the EU-funded MAGPIE project, and the report is now available, providing concrete learnings that industry can use to guide future ammonia bunkering and accelerate global port …

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