Asia

On Wednesday, two drones were spotted near the main airport in Dubai and Bahrain evacuated some planes as attacks on infrastructure in the Gulf continued disrupting air traffic. The war against Iran is now entering its 12th day. U.S. and Israel's war on Iran has resulted in tens or thousands of cancellations, reroutings, and schedule changes around the world. This has shut down much of Middle?East airspace, including Qatar, due to drone and missile threats. The aviation industry is in its worst crisis since the pandemic. Dubai International Airport (DXB), which is the busiest hub of global passengers, along with...

Thailand's Phuket Airport said that it temporarily closed its runway on Wednesday to remove an Air -India Express aircraft which had experienced a malfunction after landing. Phuket Airport said that Air?India Express flight AXB938?arriving?from Hyderabad sustained?damage?to?its landing equipment as it hit?the runway. A spokesperson for Air India Express confirmed that the plane had "an issue with its nose wheel" at Phuket Airport. The crew followed standard protocol and passengers were deplaned. The runway is expected to open at 6 pm. The airport reported that the incident occurred at 1100 GMT (1100 local time). A picture posted by MCOT, the Thai...

According to two sources in the trade and a tanker tracking service, a Chinese oil terminal that was sanctioned by Washington in October is now operating again after a Sinopec logistics unit sold its stake to a local port operator. Sinopec had to divert cargo because of the U.S. sanctions imposed on the Rizhao-Shihua terminal, which handled Iranian oil on vessels sanctioned by Washington. Sinopec received a fifth its oil imports through this facility in Shandong Province. The terminal at Lanshan with its three berths that can handle very large crude carriers was idle for months as shipowners and traders...

Four people were injured by two drones that crashed?near Dubai International Airport (DXB), according to the media office of Dubai. The attacks on infrastructure in the Gulf have continued for the 12th consecutive day, as the Iran Crisis has disrupted global air traffic. The media office of X posted that "Authorities confirmed that two drones were found a few minutes ago?in the vicinity (DXB) of Dubai International Airport." They added that air traffic was?operating normally. Two Ghanaians and one 'Bangladeshi' national were injured in the attack, while a?Indian national was moderately injured. Flight cancellations, rescheduling, and rerouting have been caused...

The state auditor stated that the South Korean transport ministry has been cutting construction costs for more than 20 years and approving unsafe airport safety structures. This was revealed in a report about aviation safety management following a Jeju?Air accident which killed 179 people. In the 'December 2024 crash, a 'Boeing 747-800 was hit by birds and then belly-landed at Muan Airport. It overran its runway, killing nearly everyone aboard after it hit a concrete support of a localiser. Two flight attendants were the only survivors. In a report released on Tuesday, the Board of Audit and Inspection stated that...

Local newspaper La Prensa on Tuesday reported that the Chinese shipping and logistics conglomerate COSCO Shipping has halted operations at the Balboa Port at the entrance of the Panama Canal. Could not immediately confirm the report. COSCO published a notice to clients, which was published by La Prensa. The company stated that empty containers should be returned to the Colon Container Terminal or the Manzanillo International Terminal in Colon Province. The newspaper reported that COSCO had not specified the reason for its suspension, or whether it was temporary or permanent. This move comes after a ruling by the Supreme Court...

Sources familiar with the matter say that the U.S. Navy refuses almost daily requests by the shipping industry for military escorts to pass through the Strait of Hormuz, stating the risks of attack are 'too high at this time. The Navy's assessment of the situation indicates that Middle East oil exports will continue to be disrupted. It also differs from the statements made by President Donald Trump, who said the U.S. was prepared to provide a naval escort whenever necessary to resume regular shipments along this key waterway. Since the U.S. and Israeli war against Iran began more than a...

Sources familiar with the issue say that the U.S. Navy refuses requests for escorts from the shipping industry to 'cross the Strait of Hormuz almost daily since the beginning of the 'war on Iran. They claim the 'risk of attack is a little too high at the moment. The Navy's assessment indicates continued disruption of Middle East oil exports. This is in contrast to President Donald Trump's statement that the U.S. was prepared to provide "naval escorts" whenever necessary to resume regular shipments along this key waterway. Since the U.S. and Israel war on Iran began more than a fortnight...

Oman's Muscat Airport confirmed a message seen by charter executives asking private?jets not to use the airport for "additional" flights,?to give government and commercial traffic priority. The airport stated that "Muscat International Airport will continue to facilitate and welcome private jet flights as well as business aviation operations." Financial Times reported the first online message sent by a group of?executives, which featured a letterhead bearing the Oman Airport's logo. The message asked airlines and operators to cancel all flights that did not fall within the approved seasonal schedule. According to a message from March 6, which was seen by us,...

According to analysis of ship tracking platforms such as 'Kpler' and 'Lloyd's List' Intelligence, a Greek-operated tanker sailed across the Strait of Hormuz on Monday with a cargo of Saudi Arabian crude oil and India listed as its destination. Hundreds of ships are anchored on both sides of the strait as the U.S. and Israel war against Iran continues. The oil and shipping markets are watching for any signs of increased sailings through this critical waterway, through which most of the world's crude oil passes. MarineTraffic data showed that the Shenlong Suezmax, a tanker with a 1 million-barrel capacity, had...

Oil prices rose more than 15% on fears of long-term Strait of 'Hormuz shipping interruptions and supply cuts, while most Gulf markets fell in early trading Monday. Donald Trump, the U.S. president, said on Saturday that he is not interested in negotiations and that the war will end when Iran's military or government cease to function. Iran's decision to name Mojtaba Khamenei supreme leader, to succeed his father Ali Khamenei on Monday, further dampens hopes for peace. Brent crude rose $14.73 or 15.8% to $107.39 per barrel around 0800 GMT, on course for its largest-ever single-day jump. The energy markets...

According to an email obtained by the. Charter plane operators were informed by the airport authorities on Friday that due to current crisis management measures, flights are limited to seasonal approved services. This measure is necessary, according to the airport, in order to reduce congestion and maintain acceptable capacity. Financial Times first reported the email. It 'asked all airlines and operators to cancel any slots that did not fall within the approved seasonal schedule, and to refrain from submitting unapproved flight requests up until further notice. The email stated that "the only additional flights that may be considered are those...

Multiple sources claim that Saudi Aramco asked Asian buyers to offer plans for loading crude oil at its main Gulf export terminal, Ras Tanura, and Yanbu in the Red Sea due to the disruptions caused by war in Iran. The shipping through the Strait of Hormuz, at the southern end of the Gulf, near Iran is largely stopped. This has forced producers such as Saudi Arabia to adjust export plans and production. Sources said that Aramco requested Asian buyers to submit nomination plans both for Ras Tanura and 'Yanbu' for April-loading cargoes. The Yanbu option is only available for the...

Yerlan AKkenzhenov, Energy Minister, said on 'Wednesday' that Kazakhstan oil and.gas condensate.production.this year.is.expected to.reach between 96 and 98 millions metric tons. This is below the 100.5 million tons planned. According to calculations, this would equal up to 2 million barrels of oil per day. calculations. Akkenzhenov, who spoke to reporters in the country's parliament, said that the shortfall is due to Ukrainian attacks against?the Caspian Pipeline Consortium which carries the majority?of Kazakhstan oil exports to Novorossiysk port, as well disruptions at Tengiz, the largest oilfield of the country. Tengiz suffered a series of outages in January that resulted in the...

Industry sources claim that some ships struggle to refuel in Asia's key ports as bunker prices soar. In anticipation of a tightening supply triggered by the conflict in the Middle East, bunker prices have reached record levels. The longer waits for fuel could cause congestion in Asian ports like Singapore, Shanghai, and Ningbo/Zhoushan, China. This is because the Iran War will reduce traffic through the Strait of Hormuz causing delays or diversions. Prices for marine fuel are up sharply, despite the fact that there are still daily offers on the market. This is because the Middle East conflict has curtailed...

According to calculations made by? Calculations on Tuesday. The cost of shipping vessels from Russia's Baltic Sea port to India has risen sharply, according to traders. Robert Fico, the Slovakian Prime Minister, said that after meeting with EU chief Ursula von der Leyen on Tuesday they agreed to resume oil transit through the Druzhba pipe via Ukraine and appreciated EU's readiness for financial and technical assistance for repairs. PLATTS WINDOW * There were no?bids on Tuesday for Urals or?Azeri BTC, and CPC blend, traders said. Donald Trump, the U.S. president and Vladimir Putin, his Russian counterpart discussed the war in...

Shipping data revealed on Tuesday that Saudi Arabia's oil exports via the Red Sea are on track to reach record highs in March, despite the fact they remain far below levels required to compensate for the decline in the Strait of Hormuz. The Kingdom relies on Yanbu, a port located at the Red Sea to boost its exports and avoid steep production cuts. This is because?its neighbours Iraq Kuwait and United Arab Emirates already have reduced their output due to the U.S./Israeli war against?Iran. LSEG data shows that Yanbu loadings in the first nine of March averaged 2.2 millions bpd,...

Dan Caine, Chairman of the Joint Chiefs of Staff of the United States, said that the Pentagon was looking into ways to safely escort vessels through the Strait of Hormuz. Iran, located on the northern coast of the country, has effectively closed this strait. According to United Nations data, traffic through the strait is down 97% since February 28 when the U.S. and Israel war against Iran started. The U.S. aims to calm the oil markets, as they are concerned that a prolonged war could cause a global crisis of energy. What is at stake? The Strait of Hormuz is...

The war in Iran has pushed up the price of Urals oil from Russia, which was shunned due to sanctions imposed on Ukraine. However, costs are also increasing, traders reported Tuesday. After Iranian threats against Gulf shipping effectively stopped tankers from Saudi Arabia, the second largest seller in the world, Russia, was brought to attention. Urals crude On Monday, barrels from Russian ports were being sold at $76 on a FOB basis. Data showed that the price of a barrel in Russian ports was around $76 on Monday, free-on-board (FOB). Calculations show that the price of an Urals cargo?loading out...

An official ticketing office said in Beijing on Tuesday that tickets for the first passenger trains?in six-years from Beijing to Pyongyang's capital were sold out before its departure date of?March 12?. The return of rail service suspended in 2020 due to the COVID-19 pandemic, restores an important transport link between North Korea and its main economic ally. According to the Beijing ticketing office, entrepreneurs, government officials, and journalists purchased tickets for the trip, which was restricted to those with business visas. Tickets are still available for the service scheduled for 18 March. North Korea is still largely closed to tourists...

The data and calculations from trade sources show that the loadings of ultra-low sulphur diesel from the Baltic Sea port of Primorsk between March 1-10 will have risen to a total of 630,000 metric tonnes. This would be an increase of 13% from the 560,000 tons produced in February. Primorsk's diesel exports are increasing as the harsh weather has caused a storage of cargos. After unplanned maintenance several?refineries have also been brought back into operation, increasing fuel production at a time when domestic demand is still low. The traders stated that the global demand for diesel fuel, driven by the...

The Unification Ministry of South Korea announced on Tuesday that passenger train services between Pyongyang, North Korea and Beijing will resume this week. This marks the end of a six-year suspension due to the COVID-19 Pandemic. After years of border closures, which began in early 2020, the resumption of traffic restores an important transport link between North Korea's primary economic ally and itself. China's State Railway?told Yonhap News Agency the Pyongyang to Beijing train would?begin round-trip service starting March 12 and operate four times per week. Yonhap reported that only 'the last two carriages would initially carry passengers, mostly diplomats...

Viktor Orban, Hungary's prime minister, called for the European Union on Monday to suspend sanctions on Russian energy and convened a government emergency meeting.to address rising fuel costs.just five weeks prior to a pivotal election. The war in Iran has fueled a rise in oil prices that have pushed up diesel and petrol costs in Hungary. Orban is now facing a challenge as he prepares for parliamentary elections on April 12, where he will be fighting to maintain his 16-year hold on power. Orban's Fidesz is trailing the centre-right Tisza despite having launched a series of measures that have increased...

Slovak PM Robert Fico announced on Sunday that he will meet with EU chief Ursula von der Leyen, on Tuesday. Slovakia and Hungary are increasing pressure on Ukraine to resume Russian oil flow, while warning Slovakia it could block a large EU loan to Kyiv. Since late January, Russian oil has been stopped flowing through the Druzhba Pipeline to Hungary and Slovakia. Kyiv claimed that a Russian attack had caused an 'incident' which seriously damaged the pipeline. The outage has ignited one of the most heated arguments between the two neighbours since Russia's full-scale invasion in Ukraine 2022. Ukraine claims...