Israeli media on Friday revealed a major incident in the Persian Gulf involving an alleged attack on an Israeli owned oil tanker. The BBC’s Persian language service was the first to allude to it, while […]
Clean product tanker rates soared last week after the European Union and G-7 nations targeted Russia’s petroleum sales. Restrictions on Russian crude exports began in early December. The sanctions have been a ploy by Western […]
US energy company New Fortress Energy (NFE) will use a series of technologies from technology company Honeywell UOP to remove various contaminants from natural gas prior to liquefaction at its fast LNG (liquefied natural gas) […]
The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales. Daily earnings for relatively tiny tankers delivering refined fuels in the Atlantic ocean have surged […]
Authorities in the US state of Ohio have threatened to arrest anyone who does not leave an evacuation zone near the smouldering wreckage of a train derailment near the Pennsylvania state line, warning that there […]
WASHINGTON, Feb 3 (Reuters) – The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s […]
Thesis Euronav (NYSE:EURN) is a Belgian oil tanker company which is considered by many as the best-managed, with a strong balance sheet. Euronav has in 2022 become the object of a merger deal with Norway’s […]
Having aced its sea trials, Lady Maria Fisher, the second LNG dual-fuel tanker built for British marine engineering services provider James Fisher, has been delivered to its owner. The 6,000dwt LNG dual-fuel vessel was built by […]
Image credit TORM Danish tanker company TORM has entered into agreements to acquire a total of seven 2011-2013 built LR1 vessels. The company will spend $233 million on the acquisition. According to TORM, all the […]
Louis Dreyfus Armateurs has developed an innovative vessel design. The French shipowner’s unique vessel, which it developed through its Louis Dreyfus Ports and Logistics (LDPL), is capable of storing and supplying H2 using green ammonia technology. The […]
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