Bahri, a global leader in transportation and logistics, is very optimistic about the future of the oil tanker market and it believes that there will continue to be demand for this market, said Mohammed Al-Sarhan, Vice Chairman of Bahri, who possesses extensive experience in oil and gas…
A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports via the Turkish port of Ceyhan, Iraq's oil ministry said in a statement on Thursday. 'A high level Turkish energy delegation met with senior oil officials…
Chevron's Gorgon liquefied natural gas (LNG) export facility in Australia shut down its third production unit on Wednesday for a planned maintenance lasting up to Dec. 25, trade sources said. Chevron declined to comment on operational matters…
Mitsui O.S.K. Lines (MOL) announced that it teamed up with Fujitsu Laboratories Ltd., and Tokyo University of Marine Science and Technology to verify the accuracy of technology to estimate vessel performance at sea by applying Fujitsu's artificial intelligence (AI) technology…
Shell Trading (US) Company announced it has finalized a long-term charter agreement with Q-LNG Transport, LLC for an LNG bunker barge with the capacity to carry 4,000 cubic meters of LNG fuel. As the first of its kind to be based in the United States…
A delegation from the Chinese Ministry of Industry is visiting Denmark as part of the cooperation between the two Administrations. A Danish-Chinese workshop on energy efficient ship design and marine equipment will be held during the three-day visit…
Brazil's Itaqui port, the country's closest deepwater gateway to the Panama Canal, has projected a rise in 2017 shipping volumes thanks to a record grain harvest and development of a new northern farming frontier. Most of Itaqui's export cargo arrives by train instead of roads…
The Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading (PTE) LTD (Shell) have signed a Memorandum of Understanding (MOU), to cooperate in the research and development and test-bedding of projects within the maritime industry in areas of clean fuel technologies…
Belgian tanker operator Euronav reported a sharp drop in core profit for the first nine months of the year as freight rates in the oil tanker sector continued to fall. Excess tonnage in the global tanker market has put pressure on freight rates…
Japan's Sojitz Corporation has acquired full ownership of First State Regasificadora (FSR), subsequently changing the company’s name to Sojitz Regasificadora (SR). SR owns a 15% stake in Regasificadora del Noroeste (Reganosa), whose assets include the LNG terminal located in Mugardos…
The pressure on LNG shipping spot rates will continue for another year on account of strong fleet growth. However, rates should strengthen from 2019 as fleet growth slows and trade remains strong, according to the latest edition of the LNG…
Tokyo-based Astomos Energy Corporation and , Australia’s leading LPG marketer and distributor have signed a Memorandum of Understanding(MOU) for the further study of LPG as a ship bunker fuel(LPG bunkering). LPG bunkering is a possible…
The world’s biggest specialized vessel to import liquefied natural gas (LNG) is scheduled to be operational in November to contribute to Turkey's energy supply security, Bloomberg reported. The MOL FSRU Challenger, as long as the Eiffel Tower…
India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand.The world's third-biggest oil importer shipped in 10 percent…
Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50 percent ownership in Oiltanking Odfjell Terminal Singapore Pte Ltd for a price around $300 million. This implies…