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Hormuz's crude recovery hides a slower one for LNG, fertilizer, helium, and aluminum
Damaged Qatari LNG trains and a slow smelter restart mean some losses will outlast the strait itself
PIF-owned Folk Maritime pauses growth as shipping costs jump
Congested ports mean the carrier will miss its 250k-container target for 2026
TODAY: Folk Maritime puts expansion on hold over war costs + Gulf crude is back, the rest of the trade isn't
What we’re tracking this morning regionally and around the world
Adnoc adds Thailand's Gulf Group to its Asian LNG book with a c. 2 mn-ton agreement starting in 2027
Thailand joins India and Japan on Adnoc's growing LNG customer list
TODAY: Thailand is back for seconds with Adnoc + AD Ports finalizes Brazilian takeover
What we’re tracking this morning regionally and around the world
ONE launches new Poland-Egypt container service + Nakilat starts receiving its latest newbuilds
Stories on our radar this morning from around the region
A Saudi-backed ground push to reopen Bab Al Mandab could start within weeks
Getting ships through the strait again is the priority, and Riyadh may keep the operation narrow
Ship-to-ship transfers of Gulf crude spill over to India's Gulf of Kutch
A single VLCC transfer now takes up to six days, and freight is above USD 1 mn a day
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