Mitsui O.S.K. Lines (MOL) has taken delivery of the Kohzan Maru VII, a newbuilding dual-fuel methanol carrier, which will serve Mitsubishi Gas Chemical Company (MGC) under a long-term charter.The Kohzan Maru VII was delivered at HD Hyundai Mipo shipyard, where the naming ceremy took place.
U.N. Security Council members will begin talks on Tuesday on a U.S.- and Bahrain‑backed draft resolution that could lead to sanctions against Iran, and potentially authorise force, if Tehran fails to halt attacks and threats to commercial shipping in the Strait of Hormuz, three Western diplomats said.Fresh exchanges of fire on Monday underscored the stakes as the U.S.
Bahrain's effort to secure a U.N. resolution to authorise "all necessary means" to protect commercial shipping in and around the Strait of Hormuz ran into new obstacles on Wednesday, underscoring divisions over how to deal with Iran's effective closure of the waterway that has resulted in the worst energy-supply disruption ever.Bahrain, which took over the presidency of the 15-member U.N.
Bahrain has circulated a revised U.N. Security Council draft resolution on protecting commercial shipping in and around the Strait of Hormuz, retaining language authorising “all necessary means” but dropping an explicit reference to binding enforcement.Shipping through the waterway, through which roughly a fifth of global oil supplies pass and which underpins Gulf economies
Maybe it is a human trait, or maybe a Washington, D.C. trait, but when confronted with a difficult problem with unpalatable solutions, there is usually an impulse to delay the moment of difficult decision by ordering a study. The U.S. merchant marine industry is the poster child for this behavior.