Two Saudi oil tankers suffered “significant damage” in sabotage attacks on four commercial vessels in waters off the United Arab Emirates on Sunday.
US Energy policy, along with Donald Trump’s classic head-fakes, almost seems destined to confuse participants in the oil business, with obvious impacts on shipping which serves it.
Dubai-based Tristar Group has ordered six newbuild 25,000-dwt oil and chemical tanks at Hyundai Mipo Dockyard on the back of long term charters with oil major Shell.
IMO 2020 continues to dominate discussions in shipping the annual Capital Link conference in New York this week was no exception providing a variety of perspectives from across different sectors of shipping even if there an acknowledgement that “nobody knows” precisely what will happen.
Teekay, one of the world’s largest marine energy transportation, storage and production companies, has signed up to the Ship Recycling Transparency Initiative (SRTI).
Nordic American Tankers (NAT) has underscored its belief that scrubbers are not the right solution for it to comply with IMO 2020, flagging up restrictions of use and possible bans on exhaust gas cleaning systems by some ports.
The delivery of fewer newbuildings has led to an aging yet still expanding Greek fleet capacity wise though the number of shipping companies is in steady decline according to a new study of the Greek shipping.
Maritime companies have generally failed to gain respect from investors. With a few exceptions, share prices are below the net asset values - a proxy for the liquidation value if a company could be broken up, assets sold, and debt paid off.