Norden modelling for Hormuz to say closed through year-end
Norden modelling for Hormuz to say closed through year-end
in
International Shipping News
13/05/2026
D/S Norden A/S, one of the world’s largest commodity shipping companies, is basing its full-year guidance on the assumption that vessels trapped in the Persian Gulf will remain there until the end of 2026.
Jan Rindbo, chief executive officer at the Denmark-based company, said Monday the planning scenario reflects limited visibility rather than a prediction of the most likely outcome.
The Strait of Hormuz has been effectively shut since late February, with about 1,300 vessels currently engaged in trade stuck in the Gulf, according to an OECD maritime tracker released Monday.
Norden has seven chartered ships in the Gulf. The company raised its full-year outlook last week as tanker earnings have increased due to disruption to global oil flows following the war in Iran.
Rindbo said that when the strait reopens, it will likely operate under certain conditions and face a backlog of ships wait
Iraq and Pakistan Strike Iran Transit Deals to Move Oil and LNG Through Hormuz
Photo: Shutterstock/Sven Hansche
Iraq and Pakistan Strike Iran Transit Deals to Move Oil and LNG Through Hormuz
Reuters
Total Views: 2899
May 12, 2026
By Marwa Rashad and Ahmed Rasheed
LONDON/BAGHDAD, May 12 (Reuters) – Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran’s ability to control energy flows through the
Strait of Hormuz
.
The U.S.-Israeli war with Iran has slashed energy exports from a region that normally supplies 20% of the world’s crude oil and LNG. has blockaded Iranian ports in recent weeks. And though Iran initially sought to halt traffic through the strait, that stance is now changing, said Claudio Steuer of the Oxford Institute for Energy Studies.
“Iran has shifted from blocking Hormuz to controlling access to it … Hormuz is no longer a neutral transit route, it is a controlled corridor,” he said.
With most of its crude exports typic
Chinese Supertanker Attempts Hormuz Passage, Data Show
The crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, navigates the waters at Daesan port, where it is expected to discharge crude oil, in Seosan, South Korea, May 8, 2026. REUTERS/Kim Soo-hyeon
Chinese Supertanker Attempts Hormuz Passage, Data Show
Reuters
Total Views: 0
May 13, 2026
SINGAPORE, May 13 (Reuters) – A Chinese supertanker carrying two million barrels of Iraqi crude was attempting to sail through the Strait of Hormuz on Wednesday, according to LSEG and Kpler ship-tracking data.
The Very Large Crude Carrier
Yuan Hua Hu
was past Iran’s Larak Island and was on the eastern side of the strait and heading south, the data showed.
If successful, the voyage would mark the third known passage by a Chinese oil tanker through the
Strait of Hormuz
since the start of
the U.S.-Israeli war with Iran
on Feb. 28, based on available ship-tracking data.
Iran has appeared to
firm up its contro
Africa’s Farmers Brace for Food Crisis as Hormuz Fertilizer Flows Collapse
Editorial credit: Sebastian Castelier / Shutterstock.com
Africa’s Farmers Brace for Food Crisis as Hormuz Fertilizer Flows Collapse
Bloomberg
Total Views: 14
May 13, 2026
(Bloomberg) — Landlocked and surrounded by richer, more powerful neighbors, Malawi has long been a victim of geography and economics. It now finds itself at the sharp end of a crisis being made more than 3,000 miles away.
As farmers struggle with rising fuel costs and an increasing scarcity of fertilizer, there are concerns worldwide about the impact on crops. But Africa, where more than half of the 1.3 billion population relies on agriculture, is the most vulnerable along with parts of Asia.
Trump Heads to Beijing as Iran Expands Control Over Strait of Hormuz
President Donald Trump participates in an arrival ceremony at Beijing Capital International Airport during his visit to the country, in Beijing, China, May 13, 2026. REUTERS/Evan Vucci
Trump Heads to Beijing as Iran Expands Control Over Strait of Hormuz
Reuters
Total Views: 0
May 13, 2026
By Nandita Bose and Jana Choukeir
WASHINGTON/DUBAI, May 13 (Reuters) – U.S. President Donald Trump has said he does not expect to need China’s help to end the war in Iran and ease Tehran’s grip on the Strait of Hormuz, in remarks made before he arrived in Beijing on Wednesday for a summit with President Xi Jinping.
The war is expected to feature in talks between Trump and Xi over the next two days, but Trump downplayed Beijing’s potential role in ending the conflict, which has choked off traffic through a key waterway that typically carries about one-fifth of the world’s oil supply.
“I don’t think we need any help with Iran.
Europe Swaps Russian Gas Dependence for U.S. LNG Reliance as Middle East Turmoil Tightens Squeeze
The ‘Hoegh Esperanza’ Floating Storage and Regasification Unit (FSRU) is anchored during the opening of the LNG (Liquefied Natural Gas) terminal in Wilhelmshaven, Germany, December 17, 2022. Michael Sohn/Pool via REUTERS
Europe Swaps Russian Gas Dependence for U.S. LNG Reliance as Middle East Turmoil Tightens Squeeze
Malte Humpert
Total Views: 0
May 13, 2026
Europe’s rush to quit Russian pipeline gas has created a new energy vulnerability: growing dependence on U.S.
Greek Shipping Moves the World
Greek Shipping Moves the World
in
Hellenic Shipping News
13/05/2026
In an era of geopolitical realignments, uncertainty and multiple crises, shipping remains a force of stability, continuity and connection. Shipping moves the world, keeping economies functioning, societies supplied and people connected.
Posidonia brings together in Greece, home to the world’s leading shipping nation, the international maritime community, highlighting the strategic importance of an industry that does not merely transport goods and energy, but safeguards the very functioning of the modern world.
In the current international environment, shipping operates under conditions of increasing geopolitical tension. Threats to freedom of navigation and attacks against merchant vessels and seafarers are no longer isolated incidents.
IEA Warns Hormuz Crisis Could Trigger First Global Oil Demand Contraction Since Pandemic
A sailor observes the oil tanker HELGA, which is moored at one of Iraq’s southern offshore oil terminals near Basra, as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. Picture taken with a mobile phone. REUTERS/Mohammed Aty
IEA Warns Hormuz Crisis Could Trigger First Global Oil Demand Contraction Since Pandemic
Mike Schuler
Total Views: 0
May 13, 2026
The International Energy Agency is warning that the ongoing disruption in the
Strait of Hormuz
is triggering one of the largest oil market shocks in modern history, with global oil demand now expected to contract in 2026 as supply losses accelerate and inventories drain at record pace.
In its latest
Oil Market Report
released Tuesday, the
IEA
said world oil demand is forecast to decline by 420,000 barrels per day year-over-year in 2026 to 104 million barrels per day — a sharp reversal from pre-war expectations and one of the few annual contractions outside majo
France not planning oil stock release but may revisit decision
France not planning oil stock release but may revisit decision
in
Oil & Companies News
13/05/2026
French Finance Minister Roland Lescure said Wednesday that France is not currently planning to release new oil stocks, though the matter could be reconsidered in the coming weeks.
Lescure made the remarks ahead of next week’s G7 meeting, where energy security is expected to be a key topic of discussion.
The International Energy Agency has projected that global oil supply will fall short of total demand this year. The agency attributed the shortfall to disruptions in Middle East oil production caused by the Iran war.
Lescure also addressed the rare earths market, stating that the market needs to be organized to prevent any single country from holding a monopoly position.
What are the best investment opportunities in 2026?
The best investments start with better data. Going with your gut has its place, but when excitement masquerades as intuition, it can lead to costly mistakes—or analysis pa
Collins warns Fed may need to raise rates if inflation persists
Collins warns Fed may need to raise rates if inflation persists
in
World Economy News
13/05/2026
Boston Federal Reserve President Susan Collins said on Wednesday the U.S. central bank may need to raise interest rates if inflation pressures do not abate.
Collins said a large part of the outlook for monetary policy comes down to how long the war in the Middle East lasts, noting that the longer the conflict goes on, the greater the risks become, particularly on the inflation front.
“While it is not in my most likely outlook, I could envision a scenario in which some policy tightening is needed to ensure that inflation returns durably to 2% in a timely manner,” Collins said in the text of a speech to be delivered to the Boston Economic Club.
Collins said that while changes in the U.S. economy have left it better placed to withstand energy shocks, the fact that the latest round of upward inflation pressures has come on top of already persistently strong price pressures changes her outlook s