The tanker shipping market, an industry that utilises assets with a 20-year lifespan, is facing a “profound impact” from potentially falling oil demand in the long term, according to analyst Poten and Partners.
Singapore’s Pavilion Energy Trading & Supply has inked a 10-year deal to buy LNG cargoes stamped with greenhouse gas (GHG) emissions measurement from Qatar Petroleum’s subsidiary QP Trading.
Two tankers transiting West Africa have successfully averted attacks by pirates on their crew, even though one of the tankers was boarded.
Nagashiki Shipping, owners of the Wakashio, have salvors for the removal of the aft of the vessel remains grounded off Mauritius.
The Euronav-International Seaways joint venture has clinched a 10-year extension of contracts for two FSOs currently working for Qatar-based North Oil Company (NOC).
The International Chamber of Shipping (ICS) will deliver two new initiatives to help the shipping industry tackle the continuing challenges brought about by the sector’s digital revolution.
Container shipping’s global schedule reliability has plummeted in the third quarter as a result of the carriers ramping up capacity, according to analyst Sea-Intelligence.
Shanghai Zhenhua Heavy Industries (ZPMC) Middle East branch has won the bid for equipment maintenance at Cosco Shipping’s Abu Dhabi facility.