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Growing congestion at the Panama Canal is forcing some gas tankers into unusual journeys, from a rare detour around South America to the possible emergence of shuttling through the waterway.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
India's defence ministry has simplified export procedures and expanded licence coverage. Stakeholder consultations are now waived for most non-lethal defence exports. The Open General Export Licence framework is unified and its validity extended. This reform aims to boost Indian defence companies' international competitiveness.
Six months after the US and Israel launched Operation Epic Fury against Iran on February 28, the Strait of Hormuz has yet to recover even a quarter of the roughly 20 million barrels a day of crude it carried before the war. The alternative route Gulf producers turned to, the Red Sea, is now under pressure too.
When contacted, a senior government official said the project was being re-examined. “The area is prone to flooding. We are studying it,” he added
Until last year, Angelina Chrysanta Antolis, a 21-year-old Indonesian student at Hanyang University (HYU), did not have a specific plan for which companies she wanted to join in Korea and did not know…
The state signals opportunities for South Africa to be a leading player in the global e-mobility and battery value chains.
I&M, which serves part of Indiana, says that it plans to cut electricity prices for the state, resulting in savings of about $59 million for residential users. This translates to about $100 a year for each home, with the savings coming from increased revenue from larger consumers like data centers.
