Extensive steel repairs to cargo tank number two and adjacent areas on board the 316,409 dwt Desh Vaibhav, a Shipping Corporation of India-owned VLCC, built in 2005, which suffered a major explosion in the Gulf of Oman last August, are nearing...
Recently, in the closing days of October, Bahri (originally National Shipping Corporation of Saudi Arabia) underscored its position of leadership in the world of transportation and logistics by scooping a fistful of coveted industry awards at...
China Merchants Energy Shipping (CMES) expects to record around RMB11.3-RMB12.5bn net profit in 2018, $1.84bn a huge increase of 84%-104% year-on-year.
The ceo of tanker owner Bahri, Abdullah Aldubaikhi, has been appointed to the board of directors of oil spill response body ITOPF.
Cosco Shipping Energy Transportation announced has organisation restructuring plan with newly named departments for VLCCs and tanker operations.
Qingdao port, the leading crude oil and ore handling port of China, has started building its second 300,000 tonne-class crude oil terminal at Dong Jia Kou port area with completion scheduled by the end of 2019.
VLCC owner DHT Holdings say its scrubber fitted vessels will be configured in such a way where it can burn 0.5% or less sulphur fuel where exhaust gas cleaning units are banned.
With US oil exports surging there is unprecedented investment in oil processing facilities is underway, and discussions regarding new terminals along the Texas Gulf that could include VLCCs.
Energy logistics and bunker supply firm Brightoil Petroleum has ditched an earlier announced plan to sell 15 oil tankers in view of the recent upturn in the VLCC market.
Daewoo Shipbuilding & Marine Engineering (DSME) has clinched an order from Norway’s Hunter Group to build up to three VLCCs for about $273m.