#YonhapInfomax #LNG Carrier #Strait Of Hormuz #Mitsui OSK Lines #Persian Gulf #USIran Conflict #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=113700
The first Western European ship passes Hormuz.
A vessel owned by France’s CMA CGM has become the first ship tied to Western Europe to cross the Strait of Hormuz since the outbreak of the Iran war in late February, according to ship tracking data.
If you ever doubt the danger inherent in the waters of the Central and Northern Coast of B.C. (ie. “The Inside Passage”, Hecate Strait, Queen Charlotte Sound and Dixon Entrance) look no further than the experience of BC Ferries. Things happen. They lost a ship 20 years ago including two passengers.
And they just announced that this March they almost ran aground, with barely metres to spare!
Traverse the same dangerous areas enough, and one time, something will happen.
Update: The description of the incident also emphasizes the point that the weather is a major contributing factor to that danger.
“The Northern Adventure… hit bad weather, and deliberately changed course to navigate around the difficult conditions… the ship… sailed into an area of shallower water near Milbanke Sound, travelling "at its shallowest point over a shoal in approximately nine metres of water… the crew took quick "corrective measures" to veer back on course.”

Details are being shared about a recent incident involving a B.C. Ferries vessel that veered off course near rock shoals off the northern coast on March 8. On Thursday, the company summarized what happened and confirmed an investigation is underway.
#Geopolitics shake #Wall_Street as #Iran tensions drive oil up 10%, dragging airlines and autos while energy and #LNG stocks rally
https://marketinsider.net/markets-jolt-as-oil-spike-hits-tesla-airlines-energy-stocks-surge/
💪 When you convince your friends to install a heat pump before next winter