September 20th, 20190MSI maintains a broadly positive outlook for large oil tankers, but the overall effect of higher oil prices on the global economy is negative, writes Tim...
September 19th, 20190United Arab Emirates and Saudi Arabia have become the latest members to join the US-led coalition to protect vital oil shipping routes in the Middle East in the wake of...
September 19th, 20190Qatar Petroleum’s Wave LNG Solutions (QP) and Shell Gas & Power Developments have entered into a partnership aimed at accelerating the development of LNG fuelling...
September 18th, 20190Saudi Arabian owner Bahri has officially signed shipbuilding contracts with International Maritime Industries (IMI) for the construction of one 319,000 dwt VLCC, after...
September 18th, 20190Oman Shipping, part of Asyad Group, has entered into a new $110m financing deal with Standard Chartered to refinance three oil tankers and two VLCCs. Oman Shipping...
September 17th, 20190VLCC rates from the Arabian Gulf and West Africa to Asia leapt more than 10% yesterday and are continiuing to rise on Tuesday in the wake of Saturday’s attacks on...
September 17th, 20191J Mintzmyer from Value Investor’s Edge gives his take on the Saudi attacks and the tanker trades. This simply accelerates the timeline for US and Brazilian exports to...
September 16th, 20190The attack on Saudi Arabian oil infrastructure over the weekend has shut down around 6m barrels per day of output, equivalent to around 60% of Saudi Arabia’s total...
September 15th, 20190A fire in the engine room of aframax tanker saw Equinor’s Sture terminal evacuated on Friday. The terminal, located at Øygarden on the west coast of Norway near...
September 13th, 20190Sinotrans Shipping, a subsidiary of China Merchants Group, has nailed this week’s most notable S&P deal. Sources say the low key owner has sold a one-year-old...
September 13th, 20190James Fisher Offshore been awarded a contract in the decommissioning sector with a new offshore platform jacket removal project in Saudi Arabia. The project requires...
September 11th, 20190Guangzhou Maritime Court is going to sell the 1990-built oil tanker through auction on October 8, four years after Bahraini owner Bramco abandoned the ship at Cosco...
September 9th, 20192Ship management and services giant V.Group has signed a contract with ADNOC Logistics & Services to provide crew management services to 93 offshore support...
September 9th, 20197Having taken five months to deliver its cargo of crude, the end game is finally in sight for the Iranian VLCC , with the tanker now in Syrian waters and its oil in the...
September 5th, 20190The past 24 hours have seen a slew of developments in the ongoing tanker tensions between Iran and the west. The United States sanctioned an “oil for terror”...
September 5th, 20191Texas-based offshore driller Northern Offshore has been awarded a contract in the Middle East for 2017-built jackup rig Energy Emerger. The contract, with an unnamed...
September 4th, 20190Israeli containerline ZIM is letting its clients help drive its digital direction. The company, which has set out its stall to be a digital pioneer within the...
Middle East
