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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Global LNG traffic through the Bab al-Mandab strait has decreased significantly, with only one tanker sailing the waterway currently according to Bloomberg ship tracking and ICIS.
- Qatar’s Al Rekayyat ballast tanker cut its speed on 13 January and was paused in the middle of the Red Sea shortly after. The vessel has decided to return through the strait to Qatar according to ICIS.
- Two empty ships controlled by Qatar have turned away from the northern entrance of the Suez Canal in the Mediterranean Sea in the last day. A third vessel, which was also heading to the canal, reversed course off the coast of Morocco according to Bloomberg ship tracking.
- Three laden Qatari tankers that were signalling a course to the Suez Canal cut their speed on Sunday 14 January and started circling off the coast of Oman, east of the strait. The Al Ghariya, Al Huwaila and Al Nuaman seem to be heading south to take the longer route to Europe around the cape of good hope according to ICIS.
- Qatar’s Prime Minister Mohammed bin Adbulrahman Al Thani has said his nation is highly concerned about further escalation in the Middle East, following air strikes on Houthi facilities and disruption to seaborne trade in the region.
- At the same time, a number of Russian Yamal LNG vessels also diverted away from the Suez Canal. The Lena River and the Trader II were waiting at the northern entry to the Suez Canal but are now heading back west through the Mediterranean instead according to ICIS.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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