Coordinated VLCC transits through Hormuz spark cautious optimism in shipping markets

The Strait of Hormuz may be showing its first signs of operational stabilisation after nearly three months of heightened tensions, following the coordinated outbound transit of three VLCCs through the strategic waterway on Wednesday.  According to maritime intelligence firm Windward, the movements represent the clearest indication so far that some form of organised passage system could be re-emerging across the critical oil corridor.  Two Chinese-controlled VLCCs reportedly crossed the strait together in a tightly coordinated formation, maintaining a distance of roughly 5 to 10 kilometres while openly transmitting AIS signals throughout the transit. The vessels were carrying Iraqi and...

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Wood wins new offshore engineering contract for QatarEnergy’s Bul Hanine project

Wood has secured a new offshore engineering contract linked to QatarEnergy’s Bul Hanine EPIC project offshore Qatar.  The contract was awarded by China Offshore Oil Engineering Company (COOEC), with Wood set to deliver a detailed design scope focused on optimising the field’s complex offshore pipeline infrastructure.  As part of the project,...

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