Oil tanker collision: Why ships are getting lost on radar in the narrow Strait of Hormuz, where one-fifth of the world's oil passes
Oil Tanker Collision: Navigation data shows sharp turn
Why the Oil Tanker Collision in Strait of Hormuz matters
Electronic interference suspected
Live Events
Iran silent on collision
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
Two oil tankers caught fire after colliding 24 nautical miles off the United Arab Emirates' east coast on Tuesday. Authorities said no crew member was hurt and no oil entered the sea. The UAE coast guard moved 24 people from the tanker Adalynn to Khor Fakkan port. The crew on the second tanker, Front Eagle, stayed on board as the blaze on its deck was contained. Owner Frontline said an investigation will follow, with no sign of outside interference.Front Eagle was carrying two million barrels of Iraqi crude to Zhoushan, China, according to TankerTrackers.com. Adalynn, owned by India‑based Global Shipping Holding Ltd, had no cargo and was heading toward the Suez Canal.TankerTrackers.com wrote on X that the Front Eagle 'executed a starboard (right) turn, resulting in a collision with the port quarter (aft port side)' of the slower‑moving Adalynn.The collision happened near the Strait of Hormuz, the narrow channel that carries roughly one‑fifth of the world's seaborne crude. Any disruption here can unsettle global energy markets and maritime insurance costs. The Strait of Hormuz links the Gulf with the Gulf of Oman and the Arabian Sea. Data from Vortexa shows that 17.8 million to 20.8 million barrels of crude, condensate and fuels moved through the narrow passage each day between January 2022 and May 2025.The clash came as ships in the Gulf report signal problems during missile exchanges between Iran and Israel. A U.S.-led maritime centre said it received reports of interference near Iran's Bandar Abbas port and other Gulf areas. Windward, a shipping analysis firm, counted almost 1,000 ships affected since the fighting began. Its chief executive Ami Daniel said, 'There is usually no jamming in Strait of Hormuz and now there is a lot.'Tehran, which has threatened before to close the strait in response to Western pressure, has not commented on Tuesday's crash or on the wider reports of signal disruption.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
Pakistan caught red-handed again: FATF's new report exposes the dirty tricks of Islamabad
Mis-declaration and dual-use materials raise proliferation concerns April terror attack in Pahalgam linked to financial networks Live Events India calls out state-sponsored terrorism in risk assessments FATF case echoes past proliferation network run by AQ Khan (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In a striking revelation, the Financial Action Task Force (FATF) has cited a 2020 case where Indian authorities intercepted a shipment of missile-related equipment headed for Karachi, exposing Pakistan's use of mis-declared dual-use goods linked to its ballistic missile programme. The global watchdog's latest report highlights how the consignment, traced to Islamabad's National Development Complex, was disguised in shipping documents — a move seen as part of Pakistan's ongoing efforts to bypass international controls and fuel to the FATF report, Indian investigators stopped a cargo ship carrying autoclaves — specialised equipment used for high-energy materials and missile motor components. The shipment had been falsely declared in its documentation. The Bill of Lading, submitted with the consignment, showed a direct connection between the importing party and Pakistan's National Development Complex, a facility known for developing long-range ballistic missiles. This detail was first reported by The Times of India (TOI).FATF noted that such dual-use goods can support missile and weapons development programmes when exported without proper declarations. The watchdog cited the Pakistan-linked case as a key example of how weak export controls and mis-declarations can lead to violations of international case also reinforces FATF's growing concerns around the global trade in proliferation-sensitive goods. The watchdog said this incident illustrates how state-linked entities may attempt to bypass regulations by disguising the nature and end use of sensitive its broader statement, FATF also referred to a terror attack in Pahalgam, Kashmir, on April 22, which resulted in the deaths of 26 people. 'The April 22 attack in Pahalgam, Kashmir, which claimed 26 lives, would not have been possible without financial support,' the FATF said in its report. It added that a detailed document covering terror financing cases — including those linked to state-sponsored actors — will be released told PTI that the FATF's decision to publicly mention the Kashmir incident marked a rare but clear signal from the international body. Indian officials interpreted the move as growing recognition of the financial networks behind cross-border terror attacks. According to Indian sources, the Pahalgam attack was carried out by militants who were trained in National Risk Assessment has identified terrorism financing from state actors — with Pakistan prominently named — as a significant national security threat. The FATF currently monitors 24 countries on its 'grey list' for strategic gaps in anti-money laundering and counter-terrorism finance systems. Countries under grey-listing face increased scrutiny from international financial institutions and risk reduced investor this context, Indian authorities are preparing a formal dossier highlighting Pakistan's compliance failures. The document is expected to be presented during the Asia Pacific Group meeting on August 25 and the FATF plenary session on October 20. Officials have confirmed that India will push for Pakistan's re-inclusion in the grey list, citing new latest focus on proliferation threats also brings back attention to earlier instances of nuclear material trafficking tied to Pakistan. One of the most significant of these was the network operated by Abdul Qadeer Khan, widely known as the 'father of Pakistan's nuclear bomb.'As reported by TOI, Khan began acquiring uranium enrichment technology from Europe in the 1970s. He later used this knowledge to help build Pakistan's nuclear programme and exported the same expertise to Iran, North Korea and Libya through a global black-market network. 'He reportedly earned $100 million from Libya alone,' the report AQ Khan network was exposed in 2003 and was found to have operated through a complex web of intermediaries across more than 20 countries. The fallout from the operation led to years of global concern about nuclear proliferation risks, and raised serious questions about oversight and control within Pakistan's strategic institutions.(With inputs from TOI)
Time of India
5 hours ago
- Time of India
Canada unleashes 'landmark' bill C5 as liberals and conservatives unite to fast-track billion-dollar projects amid US trade war and internal tensions
One aims to eliminate internal trade barriers, allowing for freer movement of goods and labour between provinces. The second, and more controversial, component allows the federal cabinet to fast-track infrastructure projects deemed in the 'national interest.' Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Canada's House of Commons passed Bill C‑5, also called the 'One Canadian Economy Act', on Friday evening(June 20), paving the way for major infrastructure projects to be fast-tracked as the country faces increasing economic pressure from the US. Prime Minister Mark Carney hailed the legislation as a cornerstone of Canada's economic strategy, saying, 'This is what makes us more independent from the United States, this is what's going to move us forward.' He defended the rapid passage of the bill, arguing that 'we are in a crisis,' pointing to struggling industrial cities like Sault Ste. Marie, Hamilton, and Windsor Introduced only two weeks earlier on June 6, the bill passed after just eight hours of committee review, thanks to Conservative support . It now moves to the Senate, which is expected to sit until June 27, leaving a tight window for it to become law before Canada of their distinct focuses, the House Speaker ruled that two separate votes were required. The NDP and Bloc Québécois supported the first part but opposed the the Canadian Chamber of Commerce praised the bill for 'rising to meet the moment' of the economic downturn, Indigenous leaders and environmental groups expressed argue the bill grants too much unchecked power to the federal cabinet and risks overriding constitutional Indigenous government amended the bill to ensure it no longer allows the cabinet to bypass the Indian Act. Carney further promised that a new Indigenous advisory council would oversee implementation and announced plans for full-day summits with First Nations, Inuit, and Métis leaders alongside key cabinet ministers.'This is a serious sign,' said Crown-Indigenous Relations Minister Rebecca Alty, 'that we will honour our constitutional commitments.'Tensions between provinces are also simmering. Alberta Premier Danielle Smith is advocating for a pipeline through British Columbia, but BC Premier David Eby warned there is no project proponent or funding, and emphasized BC's critical role in Canada's trade strategy.'The real work begins now,' Carney said, acknowledging the challenges and path ahead.
Economic Times
15 hours ago
- Economic Times
House price index rises 3.1 pc in Q4 FY25: RBI data
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: All-India House Price Index (HPI) increased by 3.1 per cent annually in the January-March quarter of 2024-25 compared to 3.1 per cent growth in the previous quarter and 4.1 per cent a year ago, the Reserve Bank said on Reserve Bank has released its quarterly house price index (HPI) for Q4 2024-25, based on transaction-level data received from the registration authorities in ten major annual HPI growth varied widely across the cities - ranging from high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi).On a sequential (q-o-q) basis, all-India HPI increased by 0.9 per cent in Q4 Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest ten cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
