Mon02Mar |
Container ships reportedly account for about 100 of the 750 ships backed up around the Strait of Hormuz. |
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Mon02Mar |
Fujairah's market - reliant on ships crossing the Strait of Hormuz for its demand - is largely on hold until clarity emerges, local sources tell Ship & Bunker. |
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Mon02Mar |
Indications received by Ship & Bunker on Monday morning generally showed price rises in the $40-50s/mt for VLSFO. |
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Mon02Mar |
The vessel has now safely returned to anchorage in Dubai, a company spokesman tells Ship & Bunker. |
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Mon02Mar |
The decision follows Iranian attacks on the firm's facilities. |
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Mon02Mar |
A projectile hit triggered a fire in the vessel's engine room, forcing the crew to abandon ship. |
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Mon02Mar |
The ship came under attack at the Port of Bahrain at 2:57 AM UTC on Monday. |
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Mon02Mar |
A fire was reported at the plant earlier in the day. |
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Mon02Mar |
The firm has also suspended nominations of crude oil grades that require ships to transit the strait. |
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Mon02Mar |
Escalating regional tensions and vessels steering clear of Gulf waters could begin to weigh on bunker demand. |
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