Rantburg

Today's Front Page   View All of Sat 09/26/2026 View Fri 09/25/2026 View Thu 09/24/2026 View Wed 09/23/2026 View Tue 09/22/2026 View Mon 09/21/2026 View Sun 09/20/2026
2026-03-13 Syria-Lebanon-Iran
At least 17 LNG Carriers (almost half the world's fleet) Currently Stuck In the Persian Gulf
[ZeroHedge] There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the blockaded straits of hormuz, or to leave it.

By contrast, the global LNG fleet is a tiny fraction, and now most of it is stuck inside the Persian Gulf.

According to the WSJ, at least 20 LNG carriers a bout half the available global fleet – are trapped in the Persian Gulf, with daily freight costs soaring as demand from Asia surges, according to ship brokers. Bloomberg lists the known LNG tankers which are currently transmitting their positions as follows:

Al Rayyan
Al Kharaitiyat
Umm Al Amad
Lebrethah
Gaslog Skagen
Sohar Lng
Disha
Al Daayen
Mubaraz
Al Sahla
Rasheeda
Patris
Seapeak Bahrain
Fuwairit
Mihzem
Mraikh
Al Ghashamiya

Most are located just off the UAE coastline:
Map at the link.
“The situation is dire and will have a lasting impact on the market, regardless of how quickly the conflict ends,” Kostas Karathanos, the chief operating officer of Athens-based Gaslog, which operates 34 gas carriers, told The Wall Street Journal.

Some 20% of global LNG exports come from Gulf countries. At the moment, however, only a handful of ships can get through the Strait of Hormuz, and production facilities like those operated by QatarEnergy have been attacked and have stopped production.

Ship brokers said the 20 ships trapped in the Persian Gulf make up nearly half of all LNG ships currently available for charter, with daily rates rising to more than $200,000 from less than $98,000 before the start of the Iran hostilities.

Energy traders expect LNG prices to rise by early next week, adding to this week’s 40% rise in Asia and Europe. “The effect on LNG shipping will outlast the conflict for a few months,” Karathanos said. # id) ?>
Posted by Clem+Elmish4239 2026-03-13 00:00|| E-Mail|| Front Page|| [1864 views ]  Top
 File under: Govt of Iran 

1 The US is unable to aid its allies in the Gulf: Bahrain, Qatar, Saudi etc. The whole world's supply of gas is cut off and don't think the world isn't noticing it.
This scenario has been gamed out thousands of times going back to paper wargames.
How is it we didn't have a winning strategy in the cupboard ready to pull out when all this started?
This is doing a tremendous amount of damage to America's prestige and reputation as a stout ally.
A few hundred balsa wood drones with propellers are all it took to knock us off our perch as top dog?
Posted by Omans Slath8956 2026-03-13 10:03||   2026-03-13 10:03|| Front Page Top

2 knock us off our perch as top dog?

You say 'us', white man.
You got a mouse in your pocket?
Posted by Skidmark 2026-03-13 10:11||   2026-03-13 10:11|| Front Page Top

3 US is unable to aid its allies in the Gulf: Bahrain, Qatar, Saudi

Ah?
Posted by Grom the Affective 2026-03-13 10:49||   2026-03-13 10:49|| Front Page Top

4 Bug soothes damnation with sarcastic praise.
The succotash must always suffer.
Dermal Shave.
Posted by swksvolFF 2026-03-13 11:08||   2026-03-13 11:08|| Front Page Top

5 This is certainly a major disruption. Perhaps the biggest.

If we get through this (and I'm pretty sure we will), it will be a game changer in its own way.
Posted by Lord Garth 2026-03-13 11:58||   2026-03-13 11:58|| Front Page Top

6 @1 Are you going to share whatever drugs you are on?
Posted by Chantry 2026-03-13 13:40||   2026-03-13 13:40|| Front Page Top

7 4^ !!!👏
Posted by Knuckles Grundy1702 2026-03-13 17:04||   2026-03-13 17:04|| Front Page Top

03:43 trailing wife
00:29 Clyde Thaviling6482
00:14 Besoeker
00:13 Skidmark
Merry-Go-Blog










Paypal:
Google
Search WWW Search rantburg.com