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Canada's first large-scale shipment of LNG delivered to port in South Korea
Canada's first large-scale shipment of LNG delivered to port in South Korea

Yahoo

time5 days ago

  • Business
  • Yahoo

Canada's first large-scale shipment of LNG delivered to port in South Korea

A tanker carrying Canada's first major shipment of liquefied natural gas has arrived at a South Korean port, ushering in a new era for Canadian energy exports that some had feared would never come, as the country's natural gas reaches new buyers in premium Asian-Pacific markets. A vessel called the GasLog Glasgow delivered the historic shipment from LNG Canada's terminal in Kitimat, B.C. The analytics firm MarineTraffic shows the Shell PLC-chartered tanker arrived at a major import terminal and storage base in Tongyeong, South Korea shortly after 10 a.m. local time on July 17. Though it is the world's fifth-largest producer of natural gas − with a significantly shorter sailing time to Asian markets compared to competitors on the United States Gulf coast — Canada is a late entry to global LNG markets, nearly a decade after the U.S. and around three decades after Australia and Qatar. Until this week, proponents of the sector had lamented that all of Canada's natural gas exports, averaging around 8.6 billion cubic feet per day (Bcf/d) in 2024, are delivered via pipeline to the U.S. But that is now set to change as LNG Canada continues its ramp-up. Two other tankers have left LNG Canada's terminal and remain in transit, heading to ports in Japan and South Korea. In total, the B.C. terminal has shipped 11 billion cubic feet of natural gas since the facility was commissioned, RBC Capital Markets reported in a research note published Wednesday. The bank based its estimate on the total capacities of the three vessels that have departed from Kitimat so far. The Trudeau legislation Canada's oilpatch hates — and what Carney is doing about it Canadian natural gas prices could climb 60% this year as LNG exports ramp up, Deloitte predicts A fourth vessel — Petro-China-chartered tanker called WuDang — is in the port of Kitimat awaiting loading, RBC said. And three more vessels are expected to arrive to load shipments in the coming weeks. • Email: mpotkins@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Broadcasting messages to dissuade Houthis
Broadcasting messages to dissuade Houthis

New Straits Times

time13-07-2025

  • Business
  • New Straits Times

Broadcasting messages to dissuade Houthis

COMMERCIAL ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen's Houthis after deadly attacks last week by the militia. The Red Sea is a critical waterway for oil and commodities but traffic has dropped sharply since Houthi attacks off Yemen's coast began in November 2023 in what the Iran-aligned group said was in solidarity with Palestinians in the Gaza war. The group sank two ships last week after months of calm and its leader Abdul Malik al-Houthi reiterated there would be no passage for any company transporting goods connected to Israel. In recent days, more ships sailing through the southern Red Sea and the narrow Bab al-Mandab strait have added messages to their Automatic Identification System profiles that can be seen when clicking on a vessel. Messages have included referring to an all-Chinese crew and management, and flagging the presence of armed guards on board. "All Crew Muslim," read one message, while others made clear the ships had no connection to Israel, according to MarineTraffic and LSEG ship-tracking AIS data. Maritime security sources said this was a sign of growing desperation to avoid attack by Houthi commandos or deadly drones — but they also thought it was unlikely to make any difference. Houthi intelligence preparation was "much deeper and forward-leaning", one source said. Vessels in the broader fleets of both ships attacked and sunk by the Houthis last week had made calls to Israeli ports in the past year, shipping analysis showed. Maritime security sources said even though shipping companies must step up due diligence on any tangential link to Israel before sailing through the Red Sea, the risk of attack was still high. In March 2024, the Houthis hit the Chinese-operated tanker Huang Pu with ballistic missiles despite previously saying they would not attack Chinese vessels, the US Central Command said. The Houthis have also targeted vessels trading with Russia. "Despite declared ceasefires, areas such as the Red Sea and Bab al-Mandab Strait remain designated high-risk by underwriters," insurance broker Aon said in a report. "Ongoing monitoring and adaptive security measures are essential for ship operators." The insurance cost of shipping goods through the Red Sea has more than doubled since last week's attacks, with some underwriters pausing cover for some voyages. The number of daily sailings through the strait, at the southern tip of the Red Sea and a gateway to the Gulf of Aden, was 35 vessels on July 10, 32 on July 9, down from 43 on July 1, Lloyd's List Intelligence data showed. That compares with a daily average of 79 sailings in October 2023, before Houthi attacks began. "Seafarers are the backbone of global trade, keeping countries supplied with food, fuel and medicine. "They should not have to risk their lives to do their job," the United Kingdom-based Seafarers' Charity said.

‘All crew Muslim': Red Sea ships signal nationality and religion in desperate bid to avoid Houthi drone strikes
‘All crew Muslim': Red Sea ships signal nationality and religion in desperate bid to avoid Houthi drone strikes

Malay Mail

time12-07-2025

  • Politics
  • Malay Mail

‘All crew Muslim': Red Sea ships signal nationality and religion in desperate bid to avoid Houthi drone strikes

LONDON, July 12 — Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen's Houthis after deadly attacks this week by the militia. The Red Sea is a critical waterway for oil and commodities but traffic has dropped sharply since Houthi attacks off Yemen's coast began in November 2023 in what the Iran-aligned group said was in solidarity with Palestinians in the Gaza war. The group sank two ships this week after months of calm and its leader Abdul Malik al-Houthi reiterated there would be no passage for any company transporting goods connected to Israel. In recent days more ships sailing through the southern Red Sea and the narrow Bab al-Mandab strait have added messages to their AIS public tracking profiles that can be seen when clicking on a vessel. Messages have included referring to an all-Chinese crew and management, and flagging the presence of armed guards on board. 'All Crew Muslim,' read one message, while others made clear the ships had no connection to Israel, according to MarineTraffic and LSEG ship-tracking AIS data. Maritime security sources said this was a sign of growing desperation to avoid attack by Houthi commandos or deadly drones — but they also thought it was unlikely to make any difference. Houthi intelligence preparation was 'much deeper and forward-leaning', one source said. Vessels in the broader fleets of both ships attacked and sunk by the Houthis this week had made calls to Israeli ports in the past year, shipping analysis showed. Maritime security sources said even though shipping companies must step up due diligence on any tangential link to Israel before sailing through the Red Sea, the risk of attack was still high. In March 2024, the Houthis hit the Chinese-operated tanker Huang Pu with ballistic missiles despite previously saying they would not attack Chinese vessels, the U.S. Central Command said. The Houthis have also targeted vessels trading with Russia. 'Despite declared ceasefires, areas such as the Red Sea and Bab al-Mandab Strait remain designated high-risk by underwriters,' insurance broker Aon said in a report this week. 'Ongoing monitoring and adaptive security measures are essential for ship operators.' The insurance cost of shipping goods through the Red Sea has more than doubled since this week's attacks, with some underwriters pausing cover for some voyages. The number of daily sailings through the strait, at the southern tip of the Red Sea and a gateway to the Gulf of Aden, was 35 vessels on July 10, 32 vessels on July 9, down from 43 on July 1, Lloyd's List Intelligence data showed. That compares with a daily average of 79 sailings in October 2023, before Houthi attacks began. 'Seafarers are the backbone of global trade, keeping countries supplied with food, fuel and medicine. They should not have to risk their lives to do their job,' the UK-based Seafarers' Charity said this week. — Reuters

'All Crew Muslim': Ships look to dodge Red Sea attacks with messages
'All Crew Muslim': Ships look to dodge Red Sea attacks with messages

Khaleej Times

time12-07-2025

  • Business
  • Khaleej Times

'All Crew Muslim': Ships look to dodge Red Sea attacks with messages

Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen's Houthis after deadly attacks this week by the militia. The Red Sea is a critical waterway for oil and commodities but traffic has dropped sharply since Houthi attacks off Yemen's coast began in November 2023 in what the group said was in solidarity with Palestinians in the Gaza war. The group sank two ships this week after months of calm and its leader Abdul Malik Al Houthi reiterated there would be no passage for any company transporting goods connected to Israel. In recent days more ships sailing through the southern Red Sea and the narrow Bab Al Mandab strait have added messages to their AIS public tracking profiles that can be seen when clicking on a vessel. Messages have included referring to an all-Chinese crew and management, and flagging the presence of armed guards on board. "All Crew Muslim," read one message, while others made clear the ships had no connection to Israel, according to MarineTraffic and LSEG ship-tracking AIS data. Maritime security sources said this was a sign of growing desperation to avoid attack by Houthi commandos or deadly drones — but they also thought it was unlikely to make any difference. Houthi intelligence preparation was "much deeper and forward-leaning", one source said. Vessels in the broader fleets of both ships attacked and sunk by the Houthis this week had made calls to Israeli ports in the past year, shipping analysis showed. Maritime security sources said even though shipping companies must step up due diligence on any tangential link to Israel before sailing through the Red Sea, the risk of attack was still high. In March 2024, the Houthis hit the Chinese-operated tanker Huang Pu with ballistic missiles despite previously saying they would not attack Chinese vessels, the US Central Command said. The Houthis have also targeted vessels trading with Russia. "Despite declared ceasefires, areas such as the Red Sea and Bab al-Mandab Strait remain designated high-risk by underwriters," insurance broker Aon said in a report this week. "Ongoing monitoring and adaptive security measures are essential for ship operators." The insurance cost of shipping goods through the Red Sea has more than doubled since this week's attacks, with some underwriters pausing cover for some voyages. The number of daily sailings through the strait, at the southern tip of the Red Sea and a gateway to the Gulf of Aden, was 35 vessels on July 10, 32 vessels on July 9, down from 43 on July 1, Lloyd's List Intelligence data showed. That compares with a daily average of 79 sailings in October 2023, before Houthi attacks began. "Seafarers are the backbone of global trade, keeping countries supplied with food, fuel and medicine. They should not have to risk their lives to do their job," the UK-based Seafarers' Charity said this week.

'All Crew Muslim': ships look to dodge Red Sea attacks with messages
'All Crew Muslim': ships look to dodge Red Sea attacks with messages

Express Tribune

time12-07-2025

  • Politics
  • Express Tribune

'All Crew Muslim': ships look to dodge Red Sea attacks with messages

Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen's Houthis after deadly attacks this week by the militia. The Red Sea is a critical waterway for oil and commodities but traffic has dropped sharply since Houthi attacks off Yemen's coast began in November 2023 in what the Iran-aligned group said was in solidarity with Palestinians in the Gaza war. The group sank two ships this week after months of calm and its leader Abdul Malik al-Houthi reiterated there would be no passage for any company transporting goods connected to Israel. In recent days more ships sailing through the southern Red Sea and the narrow Bab al-Mandab strait have added messages to their AIS public tracking profiles that can be seen when clicking on a vessel. Messages have included referring to an all-Chinese crew and management, and flagging the presence of armed guards on board. "All Crew Muslim," read one message, while others made clear the ships had no connection to Israel, according to MarineTraffic and LSEG ship-tracking AIS data. Maritime security sources said this was a sign of growing desperation to avoid attack by Houthi commandos or deadly drones — but they also thought it was unlikely to make any difference. Houthi intelligence preparation was "much deeper and forward-leaning", one source said. Vessels in the broader fleets of both ships attacked and sunk by the Houthis this week had made calls to Israeli ports in the past year, shipping analysis showed. Maritime security sources said even though shipping companies must step up due diligence on any tangential link to Israel before sailing through the Red Sea, the risk of attack was still high.

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