Let the Race for Iran's Energy and Transport Potential Begin

Image Courtesy: NITC

The long awaited day when the economic sanctions against Iran will be lifted has come as the country has met all ...

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Time to Invest in Shaky Oil Companies?

Image Courtesy: DNV GL

Current low oil prices could lead to increased acquisition of distressed offshore companies by offshore investors, ...

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SeaEnergy to Exit Ship Management by Year End

SeaEnergy to Exit Ship Management by Year End

Energy services group SeaEnergy has undertaken the necessary activities to exit the ship management business by the ...

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Russia Starts Shipping Grain to Iran

Illustration

Russia has started shipping grain to Iran under a barter deal that will sea the grain being exchanged for other ...

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Pirates Hijack Tanker off Indonesia

Pirates Hijack Tanker off Indonesia

An Indonesian-flagged tanker carrying around 1,100 tonnes of fuel was hijacked and its crew forced to board a ...

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Hachiuma Steamship Fined for Illegal Oil Dumping

Hachiuma Steamship Fined for Illegal Oil Dumping

Japanese shipowner Hachiuma Steamship Co., a subsidiary of NYK, pleaded guilty on Friday to violating the Act to ...

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DHT Holdings Returns to Black

DHT Holdings Returns to Black

Bermuda-based crude oil tanker owner and operator DHT Holdings reported annual net income of USD 12.9 million for ...

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Tanker with Kurdish Oil Departing US Waters

United Kalavrvta (formerly SCF BYRRANGA)

The oil tanker United Kalavrvta, carrying 1 million barrels of Kurdish oil, is finally leaving US waters after ...

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GAC Signs Agency Deal with BG Group

GAC Signs Agency Deal with BG Group

British multinational oil and gas company BG Group has appointed GAC to be the sole provider of hub agency services ...

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Navios Banking On Cheap Oil

Navios Banking On Cheap Oil

NYSE-listed owner and operator of tanker vessels Navios Maritime Midstream Partners expects to see spot rates for ...

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Update: Sunken Tug Spills Oil off Oahu

Update Sunken Tug Spills Oil off Oahu

The U.S. Coast Guard Hawaii Pacific, Department of Health and responsible party Unified Command, are continuing oil ...

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Bunker Volumes up at Rotterdam Port

Bunkering Volumes up at Rotterdam Port

Marine fuel bunker volumes increased for the first time since 2011 in the Port of Rotterdam, from 10.4 million ...

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Gard Warns of Iranian Oil Fraud in UAE

Gard Warns of Iranian Oil Fraud in UAE

Norway’s maritime insurance company Gard has issued a warning regarding recently observed attempts to export ...

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Braemar Reaps Profit from ACM Merger

Braemar Reaps Profit from ACM Merger

The performance of Braemar Shipping’ shipbroking division since October 2014 has improved significantly ...

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Slow Steamers to Rake In from Low Oil Prices

Slow Steamers to Rake In from Low Oil Prices

Ship efficiency remains just as relevant and important in a bearish oil market as it does when shipowners have to ...

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ReCAAP: 15 Siphoning Incidents in Asia in 2014

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A total of 15 incidents of siphoning of ship fuel/oil had been reported onboard oil/product tankers in Asia in ...

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Update 2: Bintan Dodges Oil Spill

Update-2-Bintan-Dodges-Oil-Spill1

The oil that spilled from Libyan-registered oil tanker Al Yarmouk is not headed towards the island of Bintan based ...

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Oil Spill Threatens Black Sea Coastline

Oil Spill Threatens Black Sea Coast

A leak on Tikhoretsk-Tuapse-2 pipeline caused an oil spill in the Black Sea, close to Russia’s port of ...

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Armed Clashes Force Libyan Ports to Shut Down

Zueitina  oil terminal

The ports of Es Sider, Ras Lanuf and Benghazi in Libya are currently closed due to armed clashes, as informed by ...

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US Ups Oil Spill Liability Cap

US Ups Oil Spill Liability Cap

The U.S. Bureau of Ocean Energy Management (BOEM) has administratively increased the limit of liability for ...

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Shippers to Gain Most from Low Oil Prices

Shippers to Gain Most from Low Oil Prices

With crude oil down to its lowest price in five years last week, all carriers stand to gain from lower fuel costs, ...

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