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Finance & Markets

LNG Market Faces Extended Hormuz Outage, Japanese Shipper Says

Mitsui OSK Lines Ltd., a top Japanese shipping firm, doesn’t expect LNG shipments through the Strait of Hormuz to resume soon, signaling a prolonged disruption that could keep prices elevated and curb demand across Asia.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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ASSA ABLOY Acquires Pacific Lock

(RTTNews) - ASSA ABLOY AB (ASSA-B.ST, ASSB.F), a security solutions provider, on Wednesday announced that it acquired Pacific Lock Company, a U.S. manufacturer of padlocks and security hardware.

Hormuz Shipping Traffic Remains Stuck in Single Digits

Tanker traffic in the Strait of Hormuz remains a fraction of pre-war levels, with four vessels traversing the waterway on Tuesday, down from seven the previous day, Reuters has reported, citing…

  • Only four vessels passed through Strait of Hormuz on Tuesday.
  • Windward reported one tanker entering on September 15th.
  • Re-escalation of hostilities and Houthi attacks cause caution among ship owners.

More from Wednesday 16 September →