Oslo Set to Become Zero-Emission Port

Oslo Port

Port of Oslo is looking to grow its business while cutting GHG emissions.

Fleet Expansion Drives Nakilat's Profit Up

Nakilat LNG carrier

The company's profit increased to QAR 476 million in the first half of 2019, a rise of 7%.

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Gibraltar May Release Iranian Tanker

Tanker

Gibraltar, the UK would facilitate the release of the detained Iranian Grace 1 if there are certain guarantees.

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Hapag-Lloyd Introduces Global Vessel Risk Surcharge

Hapag-Lloyd

Hapag-Lloyd is to implement a vessel risk surcharge (VRS) following recent maritime incidents.

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Abu Dhabi, Mauritius Ink Cooperation Deal

Abu Dhabi Ports, Mauritius Ports Authority sign MoU

Abu Dhabi Ports, Mauritius Ports Authority aim to enhance the maritime sector across the Indian Ocean.

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K Line Ships First Bauxite to UAE Under Long-Term Contract

Cape Taweelah

Cape Taweelah's arrival marked the first memorable visit of a fully-laden Capesize vessel at a GCC port.

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DP World Acquires Topaz in USD 1.1 Bn Deal

DP World London Gateway

DP World acquired Topaz Energy and Marine Limited for an enterprise value of USD 1,079 million.

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Bahri Orders First VLCCs from IMI

Bahri inks MoU with HHI for new VLCCs

Bahri places debut VLCC order with International Maritime Industries.

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Potential War with Iran to Be Negative for Most Ship Types

Shipping

Wider conflict with Iran would be negative for most types of ships and for the oil markets in general.

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Saudi Aramco, Hyundai Heavy Sign Cooperation Deals

Hyundai Heavy Industries

The parties signed five separate agreements to reinforce their relationship and expand international operations.

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Oman Shipping Places Order for Three VLCCs at DSME

Tanker

The company already secured long-term contracts with oil majors for all three 300,000 dwt ships.

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ADNOC CEO: UAE Looking to Defuse Middle East Tensions

Front Altair after attack in Strait of Hormuz

UAE would will work with allies to defuse and deescalate current threats in the Middle East.

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Doha Port Expands Berthing Space, Completes Dredging

Doha Port

Doha Port adds extra berthing space and completed dredging works as part of its redevelopment project.

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Trump Imposes New Sanctions on Iran

Donald Trump

The sanctions deny Iran’s leadership access to financial resources.

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Qatargas Q-Flex LNG Tanker Sets Milestones in Turkey

LNG tanker AL Sheehaniya

Tanker Al Sheehaniya delivered the largest LNG cargo to the expanded Marmara LNG Terminal in Turkey.

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BIMCO: Tanker Freight Rates Surge after Hormuz Attacks

Front Altair after attack in Strait of Hormuz

Crude oil tanker freight rates from the Arabian Gulf to China doubled on the back of the recent tanker attacks.

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Strait of Hormuz in Focus after Recent Attacks on Tankers

Tanker

Recent attacks on two tankers in the Gulf of Oman raised concerns over the security of transit in the area.

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US Says Iran is Behind Tanker Attacks in Gulf of Oman

Frontline's tanker Front Altair

U.S. Secretary of State said that intelligence officials have "lots of evidence" to support this claim.

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Part of Front Altair Crew Re-Embarked for Recovery Ops

Damaged tanker Front Altair

Front Altair damage will be further inspected and the vessel will ultimately be moved to a shipyard for repair.

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Front Altair Towed to UAE Waters

Front Altair

Damaged Front Altair was towed out of the Iranian waters. The ship is anchored off the coast of Fujairah, UAE.

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Boskalis to Salvage Damaged Frontline, BSM Tankers

Front Altair in Gulf of Oman

Insurers of damaged Front Altair and Kokuka Courageous hire Boskalis to salvage the vessels and their cargo.

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BSM's Kokuka Courageous Being Towed to Khor Fakkan, UAE

Product carrier Kokuka Courageous attack

Damaged Kokuka Courageous is under tow toward Khor Fakkan after suspected limpet mine attack.

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Frontline Denies Reports of Front Altair Sinking

Front Altair attack in Gulf of Oman

Reports suggested that the tanker Front Altair, that was reportedly torpedoed earlier today, sank.

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Frontline, BSM Tankers in Suspected Attack in Gulf of Oman

Tanker

The two tankers were damaged in a suspected attack near the Strait of Hormuz on June 13.

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Egypt Opens New Multipurpose Terminal at Damietta Port

Damietta Port's new multipurpose terminal

Around USD 81.3 million was invested in the new multipurpose terminal.

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Lukoil Wins Marine Lubricants Supply Deal for 24 KOTC Ships

Lukoil

Lukoil Marine Lubricants will once again supply Kuwait Oil Tanker Company’s full fleet of tanker vessels.

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Israeli Forces Detain Stowaway Trying to Set Boxship on Fire

IDF boarding boxship off Haifa

The vessel was anchored near the Israeli coast at the time of the incident.

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State Actor Likely Behind "Sophisticated" Fujairah Attacks

Tanker

The sophisticated and coordinated attacks on four tankers off Fujairah were most likely carried out by a state actor.

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