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12.09.26 - 01:36
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Navy Evaluating Future At Key Middle East Base Following Iran War Damage: Acting Secretary (ZeroHedge)
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Navy Evaluating Future At Key Middle East Base Following Iran War Damage: Acting Secretary
Authored by Ryan Morgan via The Epoch Times,
The U.S. Navy is evaluating what to do with its headquarters in the Middle East after the Bahrain-based installation sustained damage during recent months of fighting with Iran.
Smoke rises after reported Iranian missile attacks, following strikes by the United States and Israel against Iran, in Manama, Bahrain, February 28, 2026. REUTERS/Stringer
For years, the Navy has managed its Middle East fleet operations out of Naval Support Activity Bahrain. Iranian forces began targeting the base after U.S. and Israeli forces launched strikes on Iran on Feb. 28.
"They blew the hell out of Bahrain," acting Navy Secretary Hung Cao said in an interview with The Epoch Times on Sept. 9, as he concluded a visit to a shipyard in Philadelphia.
While open-source imagery had previously indicated the Bahrain naval base sustained damage, Cao's comment marked a direct and officia...
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11.09.26 - 15:33
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Iran und Golfstaaten wollen über Straße von Hormus sprechen (DPA-AFX)
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TEHERAN (dpa-AFX) - Der Iran und Staaten am Persischen Golf wollen einem Bericht zufolge an diesem Montag über die umkämpfte Straße von Hormus sprechen. An dem Treffen sollen die Außenminister aus dem Iran, Irak, Oman, Kuwait, Bahrain, Katar, den Vereinigten ......
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11.09.26 - 10:24
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Mideast Chaos Sends Supertanker Rates Soaring To $800,000 A Day (ZeroHedge)
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Mideast Chaos Sends Supertanker Rates Soaring To $800,000 A Day
Supertanker rates on the Baltic Exchange's benchmark Middle East-to-China shipping route have surged to a staggering $800,000 a day. With US forces having destroyed five Iranian-linked tankers and Tehran threatening further escalation in recent days, prospects for near-term stabilization remain limited.
The freight surge signals that crude oil and refined products continue to flow but are becoming increasingly costly to transport out of the Gulf region to global markets.
According to Bloomberg, US Gulf-to-Asia shipments on very large crude carriers average about $29.5 million per voyage, equivalent to $15 a barrel before any additional war-risk charges or unexpected delays.
Kpler expects VLCC earnings to remain above $100,000 a day into early next year, compared with historical levels that exceeded $45,000. Morgan Stanley analysts point out that two-year leasing rates could surge another 20% to 30%.
Manu Sehgal, vice president o...
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11.09.26 - 04:39
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Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar (ZeroHedge)
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Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar
By Tsvetana Paraskova of OilPrice.com
Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes.
While the crude oil supply is actually there, shipping it through the Strait of Hormuz remains a very risky endeavor, especially in light of the escalating U.S.-Iran tanker war in the Persian Gulf and the Gulf of Oman, while Saudi Arabia has started to move crude cargoes out of the region through the north of the Red Sea and from Egypt's Mediterranean ports.
The much longer workarounds are tying tankers and supertankers for longer with the shippers, tightening the market of available vessels so much that rates are skyrocketing to all-time highs.
For example, the benchmark daily rate for a very large crude carrier (VLCC) to ship oil from the Middle East to China has hit a record hig...
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