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12.03.26 - 12:48
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Stocks Fall, Oil Rises as Shipping Crisis Worsens | Bloomberg Brief 3/12/2026 (Bloomberg)
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US equity futures fall and oil briefly tops $100 a barrel as Iran escalated attacks on parts of Dubai, causing disruption in shipping. The Trump administration begins the first of several sweeping trade investigations that sets the stage for new tariffs. Max Kettner of HSBC discusses the market uncertainty as geopolitical risks mount. Bloomberg's Tom Mackenzie speaks with Deel President & CFO Joe Kauffman on how AI changes in the workplace is helping business. (Source: Bloomberg)...
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12.03.26 - 08:06
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Greek Shipping Billionaire Capitalizing On Tanker Demand Surge, Deploying Five Vessels To Strait Of Hormuz (ZeroHedge)
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Greek Shipping Billionaire Capitalizing On Tanker Demand Surge, Deploying Five Vessels To Strait Of Hormuz
Nothing like supply and demand and good ole' price as a rationing mechanism...
Greek shipping billionaire George Procopiou quickly moved to capitalize on the surge in tanker demand when war broke out, dispatching at least five vessels through the Strait of Hormuz, according to The Chosun Daily.
His move was driven by two key calculations: the massive freight rates oil-importing countries would pay to secure transport, and the lucrative fees oil producers offer to store crude at sea when onshore storage fills up.
Greek shipowners control the world's largest fleet of oil tankers. Most are leased to energy companies to transport crude globally, though in tighter markets the vessels can also function as floating storage.
To reduce the risk of Iranian attacks while transiting the strait, Procopiou's ships reportedly switched off their transponders and deployed armed guards on deck. Accord...
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11.03.26 - 19:24
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G7 will Schifffahrt durch Straße von Hormus absichern (DPA-AFX)
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PARIS (dpa-AFX) - Die G7-Staaten wollen die Straße von Hormus wieder für die Handelsschifffahrt befahrbar machen, indem sie Öltanker und Frachtschiffe von Kriegsschiffen begleiten lassen. Um solche Eskorten zu gewährleisten, sei die Koordination mehrerer ......
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11.03.26 - 17:24
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Lloyd′s of London stresses it is still insuring shipping in strait of Hormuz (The Guardian)
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Maritime insurer fends off criticism over cancelled policies and sharp price risesMiddle East crisis – live updatesThere is a price for everything: even the cost of insuring a ship travelling through the strait of Hormuz.Donald Trump's proposals for the US to provide political risk insurance for seaborne trade in the Gulf might have given the impression a lack of cover was the reason why traffic through the key waterway has almost halted. Continue reading......
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