Greater Bay Airlines has become the latest Hong Kong-based carrier to raise its fuel surcharges by 34 per cent amid the ongoing conflict in the Middle East, with the fee for destinations other than mainland China set to hit HK$389 (US$50). China’s largest courier SF Express also said on Friday that it would, beginning in…
Hong Kong authorities have arrested a man and seized more than 8,000 litres (2,100 gallons) of illegal fuel worth HK$250,000 (US$32,000), the latest in a string of similar cases amid the Middle East conflict that has pushed up global oil prices. A police spokesman said on Friday that a joint operation with the Fire Services…
As the war in West Asia rages on, Israel has stated on Thursday that Iran’s Naval Commander Alireza Tangsiri has been killed. Citing a statement from Israeli Defence Minister Israel Katz, Israeli media stated that the IRGC Commander is dead. IRGC Naval Commander Alireza Tangsiri has reportedly been killed in strikes (Tehran Times ) “The…
Pakistan defence minister Khawaja Asif on Wednesday seemed to mock the US’s aim to resume operations at the Strait of Hormuz, a key waterway facing disruptions since the start of the US-Iran war a few weeks back. “The goal of the war seems to have shifted to opening the Strait of Hormuz, which was open…
CLP Power, Hong Kong’s largest electricity supplier, will raise its fuel cost adjustment (FCA) next month – the first increase in more than a year – citing changes in actual fuel prices. Starting from April 1, the FCA will rise from 39.2 HK cents to 39.8 HK cents per kilowatt-hour, an increase of 0.6 HK…
Hong Kong authorities are facing mounting pressure from lawmakers to roll out more measures to rein in surging fuel prices, including a requirement for firms to disclose pricing formulas when bidding for petrol stations – an idea the environment minister said could be considered. Secretary for Environment and Ecology Tse Chin-wan told the Legislative Council…
Donald Trump says he is talking to Iran’s leaders about ending his bombing campaign; Iran says he is not. But what he certainly is doing is preparing an alternative, should a negotiated end to hostilities prove elusive. Two amphibious units of US Marines are on their way to the Gulf, one from Japan and the…
Donald trump’s strategy in Iran is like the weather in his home state of Florida: if you don’t like it, then wait for five minutes. On Friday the president said America’s war might soon be “winding down”. Its military goals had largely been met, he said, and he seemed untroubled by Iran’s ongoing closure of…
Amid global turmoil over the world’s biggest oil chokepoints, Iran is reportedly charging some vessels $2 million to pass through the Strait of Hormuz, a move described by Iranian parliament member Alaeddin Boroujerdi as a new approach to control the narrow waterway. The member of the Iranian parliament’s national security committee said that the fee…
The effective closure of the Strait of Hormuz – now in its fourth week as the conflict deepens – is piling pressure on the US administration and major importers of oil, gas and fuels from the Gulf, forcing a scramble for solutions. A narrow corridor linking the Gulf to global markets, Hormuz has been all…