Omani government-owned Oman Shipping Company (OSC) has secured USD 227 million in debt to finance the acquisition of ten tankers, Reuters said citing France-based Societe Generale. The new medium range tankers are chartered to Shell Tankers Singapore for seven years…
OEM Group said it has named Mike Macleod as its new finance director as part of the company’s growth strategy which aims to see its turnover increase by 25 percent to £3 million in the next 12 months. With more than six years’ experience working at director level…
Spotlight on Iranian CrudeVesselsValue senior analyst William Bennett has put together a short report on Iranian Crude, specifically analyzing overall shipment trends (which are on the upswing). With new sanctions looming, what will the future hold…
Woodside and GE have signed an agreement to work together to support the use of LNG as a fuel in Western Australia.The agreement will provide customers with the option of seamless access to reliable LNG fuel supply and gas-fuelled transport and power generation solutions…
Greek owner of drybulk carriers DryShips Inc. has announced that it is re-entering the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). DryShips has entered into agreements with unaffiliated third parties to acquire: - One 113…
First Australian commercial LNG bunkering completed in WA’s north-west on 23 January 2017 by EVOL LNG for Woodside Under an agreement with Woodside, EVOL LNG refueled the platform supply vessel, Siem Thiima, on January 23 at King Bay Supply Base near Dampier…
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem and Tesla and SpaceX CEO Elon Musk have discussed potential uses of Tesla technology for DP World’s global operations in a meeting at the World Government Summit in Dubai. Topics revolved…
BP's oil trading business, one of the biggest in the sector, reported a rare loss in the fourth quarter after it lost a $70 million lawsuit over an oil cargo delivered to a Moroccan refinery. BP's Chief Financial Officer Brian Gilvary said…
Pakistan's first dry bulk terminal will open next month and is expected to handle 3 million tonnes a year of coal imports, rising to 20 million tonnes over the next five years, the port's chief executive said on Thursday.The $285 million Port Muhammad Bin Qasim…
Officials in Karlshamn in southern Sweden will allow Russia's Gazprom to use the city's port for the construction of its Nord Stream 2 gas pipeline after the government dropped its objections, the municipality said on Tuesday. The government…
Sweden's government has dropped its objections to a plan by Russia's Gazprom to use the port of Karlshamn in southern Sweden as a base for the construction of its Nord Stream 2 gas pipeline, Swedish public radio reported on Monday.Officials in Karlshamn…
Sovcomflot’s three unique Arctic shuttle tankers, of the Shturman Albanov series, have now transported one million tonnes of crude oil produced at the Novy Port oil and gas condensate field, from the Gulf of Ob (Kara Sea) to the port of Murmansk…
As part of the international trade conference 'Making LNG Happen: Combining Forces for Sustainable Shipping,' 80 representatives from the fields of business, politics and science visited the cruise ship AIDAprima in Rotterdam on Thursday, January 26…
Corvus Energy will provide newly-designed lithium-ion energy storage systems (ESS) for a hybrid rubber-tired gantry crane (RTG) designed by CCCC Shanghai Equipment Engineering (CCCCSEE). The new ESS solution from Corvus is a smaller, ultra high power…
At the end of 2015, global LNG production was approximately 35 bcf/d. By 2019, global supply is set to increase by 40 percent with the U.S. and Australia planning to bring another 15 bcf/d online. However, traditional markets like Europe and…