Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5…
Gail India launched a tender seeking a liquefied natural gas (LNG) cargo for delivery in the first-half of April, trade sources said. The tender, launched on Monday, follows two recent cargo purchases also for delivery in April.(Reporting by Oleg Vukmanovic, editing by Louise Heavens)
Rising exports have thrown a lifeline to U.S. shale producers and refiners, giving them an additional outlet at a time when the domestic market has been at risk of becoming saturated.The United States exported record quantities of natural gas…
Russia could double gasoline exports in coming years due to a leap in its refining capacity and a falloff in domestic demand, which could worsen a fuel overhang in Europe, according to experts and Reuters calculations.Russian gasoline exports jumped by more than 15 percent last year to 3…
Bahri’s CEO meets HRH Prince Abdullah bin Faisal bin Turki bin Abdullah Al Saud at the high-level gathering in the Royal Embassy of Saudi Arabia in Washington, D.C. A senior-level Bahri delegation met with His Royal Highness Prince Abdullah bin Faisal bin Turki bin Abdullah Al Saud…
Somali forces have been sent to free a hijacked ship, a regional police official said on Tuesday. 'We are determined to rescue the ship and its crew. Our forces have set off to Alula. It is our duty to rescue ships hijacked by pirates and we shall rescue it…
Jens Lassen, former head of Carnival Maritime and Donald Anderson, former CEO of V. Ships Group, have joined OSM Maritime Group as members of the board. “Jens Lassen has extensive experience from the maritime industry and ship management in particular…
Stena Bulk has agreed to purchase the remaining 50 percent of the shares in Stena Weco from its partner WECO Shipping. Stena Weco will thus be wholly owned by Stena Bulk. Stena Weco’s head office will remain as it is today in Denmark in addition to the regional offices in Singapore…
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…
An armed faction entered a major Libyan oil terminal and a nearby airport on Friday, after attacking forces that have controlled the terminals since September, officials and residents said. The terminals at Es Sider and Ras Lanuf are two of Libya's largest…
Tanker shipping company d’Amico Tankers agreed with Hyundai Mipo Dockyard Co.Ltd. – South Korea to postpone the delivery of its first newbuilding LR1 (Long Range – 75,000 dwt)from April 2017 to October 2017. This agreement follows a specific…
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…
An injured crewman was medevaced from a Belgian-flagged tanker in the lightering zone between Freeport and Galveston, Texas on Thursday morning. At approximately 6:35 a.m., the agent of the 1,092-foot tanker Ingrid called U.S. Coast Guard…
Nordic American Tankers Limited (NAT) said it has taken delivery of Nordic Space, its second Suezmax newbuilding tanker of 158,000 deadweight tons, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea.The Nordic Space has started on her maiden voyage…
Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.The French oil major -- the first of its peers to strike deals in Iran…
