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China Unveils Nuclear-Powered Floating Hub For Green Shipping
China Unveils Nuclear-Powered Floating Hub For Green Shipping
China has proposed a large offshore logistics platform powered by nuclear energy that would function as both a cargo transfer hub and a refuelling/charging centre for ships, according to the South China Morning Post.
The concept, unveiled by Jiangnan Shipyard, combines port infrastructure, energy generation, and cargo handling into a single floating facility aimed at reducing emissions in maritime transport.
The project was presented at the Posidonia International Shipping Exhibition in Greece.
The SCMP writes that the platform would rely on a molten salt reactor...
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Feb 19, 2026 / Kyle Anzalone
US Military Commanders Make Surprise Visit to Venezuela
The head of US Southern Command (SOUTHCOM) made a surprise visit to Venezuela to meet with the interim government. “SOUTHCOM Commander Gen. Francis L. Donovan concluded a visit to Venezuela today for productive meetings with Venezuelan interim authorities,” a statement from SOUTHCOM posted on Thursday said. “SOUTHCOM is committed to advancing the National Security Strategy […]
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Mar 4, 2026 / Tyler Durden
Crude Stocks Rise 3.5 Million, Highest Since May 2025
Crude Stocks Rise 3.5 Million, Highest Since May 2025
With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.
The DOE reported the following weekly changes:
Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025
Gasoline -1.704MM, down to the lowest since Jan 9, 2026
Distillates +429K, biggest increase since Jan 2026
Cushing +1.6MM, rising to the highest...
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Jul 24, 2026 / Tyler Durden
Oil Tanker Makes Red Sea U-Turn After Houthi Threats, Reroutes Around Africa In Costly Transit
Oil Tanker Makes Red Sea U-Turn After Houthi Threats, Reroutes Around Africa In Costly Transit
ING's Singapore-based head of commodities, Warren Patterson, was asked during a recent webinar what it would take for Brent crude to exceed $120 a barrel. His answer was "not much," warning that prices could soar well into triple-digit territory if the Strait of Hormuz remains blocked through August and threats to Red Sea shipping intensify.
Patterson's warning about disruptions at the Strait of Hormuz and the Bab el-Mandeb Strait echoes concerns voiced across commodity desks...
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