The northern Chinese port of Qingdao has inked a cooperation agreement with the state-owned oil company Zhenhua Oil to jointly develop oil storage facility and increase oil handling capacity of Dongjiakou port area at Qingdao port.
The United States has sent a strong warning to Greece not to offer any assistance to the re-named VLCC Grace 1 at the centre of a diplomatic standoff between the UK and Iran and was held off Gibraltar for over six weeks.
The tanker shipping market is expected to sail into a strong fourth quarter, just ahead of IMO 2020, following a weak second quarter and a poor start to the third quarter, according to Euronav.
China’s Landbridge Group has received the fuel-efficient VLCC Landbridge Horizon from Dalian Shipbuilding Industry Company to further expand its VLCC fleet capacity.
John Fredriksen’s Frontline has boosted its tanker fleet with an acquisition of a VLCC resale and an order for two LR2 ships.The VLCC has been acquired at a purchase price of $92.5m, and the LR2s have been ordered at a price of $46.7m per vessel...
China Merchants Energy Shipping (CMES) is forming a ro-ro shipping joint venture with a unit of China Merchants Energy Shipping (CMES) is forming a ro-ro shipping joint venture with a unit of Guangzhou Automobile Group.
Lloyd’s Register has awarded approval in principle (AiP) to a Hyundai Heavy Industries ‘eco tanker’ design for a VLCC capable of combining volatile organic compounds (VOC) recovered from the cargo tank and LNG in a dual-fuel system, with the...