The Singapore High Court has appointed Grant Thornton Singapore as the supervisor of Xihe Holdings Pte Ltd and four of its subsidiaries, a source with knowledge of the matter said on Thursday.The court decision followed an application by Oversea…
Maersk Tankers announced it has appointed Eva Birgitte Bisgaard as its Chief Commercial Officer (CCO) effective October 1.Bisgaard will joining Maersk Tankers after 19 years with the Danish Telco operator TDC, during which time she held a wide range of senior management positions…
A joint research and development (R&D) project initiated by a group of Japanese maritime companies aims to utilize ammonia as a marine fuel and establish methods for the mass transportation and supply of ammonia.The joint R&D agreement signed by NYK Line…
Tanker ship owner Xihe Group of Companies appointed V.Group as the technical manager for 16 of its modern tankers.“This strategic partnership kickstarts Xihe’s engage-ment of independent, world-class professional companies to provide technical and commercial management for our vessels…
Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters…
The chairman of Libya's National Oil Corp (NOC) on Saturday warned against the risk of a disaster at the country's oil ports due to a growing military presence with storage tanks held at capacity for months due to a blockade.'Oil ports are closed…
Qatari shipping company Nakilat said it has assumed full ship management and operations of Q-Max LNG carrier Al Samriya from Shell Trading and Shipping Company Limited with effect from 27 July, as part of the second phase of its planned fleet management transition program…
The United States has increased oil supply to Europe in July for the first month since May, making up for output cuts from OPEC+ members, according to traders and Refinitiv Eikon data.U.S. crude supply to Europe reached nearly 31 million barrels in July…
Natural gas flows to U.S. liquefied natural gas (LNG) export plants plunged this month after falling to a 20-month low in June as coronavirus lockdowns cut global demand for the fuel.Before the pandemic slashed energy demand, U.S. producers…
Maritime connectivity and IT solutions provider Marlink said it has signed a new service agreement with Stolt Tankers, extending a partnership between the two companies that began in 2011.Under the new agreement, Marlink will provide Stolt Tankers’…
Ireland-based tanker shipping company Ardmore Shipping Corporation confirmed Tuesday that it received and turned down an unsolicited acquisition proposal last month from larger competitor Hafnia Limited.BW Group's Hafnia said it sent a letter…
The U.S. Energy Department on Monday approved the export of up to 1 billion cubic feet per day of liquefied natural gas from a proposed terminal in Oregon, a move it said would ease U.S. sales of the fuel to Asian markets.The approval advances…
Chinese ports are struggling to unload record volumes of crude with storage tanks full after the country rushed to buy extra barrels during April's oil price crash, according to traders and shipping data seen by Reuters.More than 80 million…
Bjorn Moller is retiring from Teekay Corporation’s Board of Directors, the shipowner announced Wednesday.Moller has more than 35 years of service with the Teekay, including 22 years as a board member and more than 20 years in senior management positions…
Developments in the oil tanker market in the past decade dominated by geopolitics, says shipping association BIMCO.Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and…
