Urgent.News

What's breaking now, across thousands of outlets.

Business

Hormuz shipping traffic in single digits, data shows

SINGAPORE: Vessel transits at the Strait of Hormuz fell slightly on Wednesday to seven, compared with the previous day’s 12, preliminary shiptracking data showed on Thursday, with levels also lower than the 10-day average of 14. Out of these seven, four vessels exited and three entered, according to the data. Some vessels could be sailing through the waterway with their transponders turned off…

Hormuz shipping traffic in single digits, data shows

The Strait of Hormuz witnessed a significant decrease in vessel transits on Wednesday, with the count falling to seven, according to preliminary shiptracking data released on Thursday. This was a notable drop from the previous day's 12 transits and also below the 10-day average of 14. Of the seven vessels that passed through, four were exiting while three were entering the strait.

Some of these ships might have been sailing with their transponders turned off, and such cases are not included in the counts. A single large crude carrier – Finland Prosperity – carried approximately 2 million barrels of crude as it exited Hormuz. No liquefied natural gas tankers made their way out of the strait. The three ships that departed consisted of two dry bulk carriers and a short-range dirty products tanker.

On the other hand, three ships entered the strait, including one dry bulk carrier, one short-range tanker, and one medium-range tanker. In contrast, the Bab el-Mandeb Strait saw 28 commodity ships transiting on Wednesday, a number close to the 10-day average of 27. Out of these, 16 ships entered the strait while 12 exited.

Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at brecorder.com →

More in Business

John Lewis losses widen to £124m as shopper confidence dips

Retailer says higher costs also hit first-half figures as group pursues its turnaround plan, though Waitrose grew sales Losses at the owner of John Lewis and Waitrose widened by more than 40% in the first half of the year as it struggled with higher costs and with shoppers feeling less confident about their money.

Primark sales slip as owner dresses up retailer for demerger

Primark has seen its sales slip due to heatwaves and “weak” consumer spending, despite efforts by its owner to revamp the discount clothes seller as it prepares to be spun off. Associated British Foods (ABF), the FTSE 100 consumer goods giant which owns Primark, said it is working “at pace” to improve the retailer ahead [...]

Hideo Kojima's Physint moves to Xbox after PlayStation cancels project

Hideo Kojima’s upcoming action-espionage game Physint will be published by Xbox after PlayStation cancelled the project earlier this year. The video game designer and writer said his studio was unexpectedly informed by PlayStation Studios in mid-June that it intended to cancel Physint , prompting Kojima Productions to spend the next three…

More from Thursday 10 September →