According to a Dec. 17 report from the Nigerian website, www.punchng.com, the cost of delivering Middle East crude to Asia, the world‘s busiest route for supertankers, rose to an 11-month high because of reduced supply of vessels for hire. Charter rates for very large crude carriers…
According to a report from Petroleum News, Provision in a Coast Guard bill would extend dual escorts even to ships with double hulls. Similar legislation pending in the Senate. Federal legislation authorizing Coast Guard appropriations for 2010…
The world fleet of oil, chemical and gas tankers is predicted to continue to grow over the next five years, although at a much more sluggish rate than the previous five years, according to a Shipbuilding Market Report issued this month by Lloyd’s Register - Fairplay (LR Fairplay)…
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Kerkyra, a 6,290 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the company's market located in Gibraltar…