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 […]
Oil tanker company Frontline said on Monday a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination which would have created the world’s largest publicly listed tanker company. Frontline will not […]
Chinese shipping company China Merchants Energy Shipping (CMES) has taken delivery of an eco-friendly very large crude carrier (VLCC) from compatriot shipbuilder Dalian Shipbuilding Industry Company (DSIC). Credit: DSIC As informed, the 300,000-ton VLCC was named […]
Home Green marine Poten: Unipec king of VLCC charters, Lukoil doesn’t make the cut Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with […]
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