Across all shipping sectors newbuild orders in Q2 2019 are down 40% to 80% compared to last year
Iranian Revolutionary Guards commander threatens to seize British ships after the UK held an Iranian supertanker off Gibraltar over accusations it was breaking sanctions by taking oil to Syria
Vessels Value examines the impact of a US-Iran conflict on oil shipments in the Arabian Gulf
Rates for transporting 2 million-barrel cargoes from Saudi Arabia to China jumped to almost $26,000 a day on Thursday, more than double where they were at the start of June
Both tankers were hit by explosions in the Gulf of Oman last week that left both vessels crippled and adrift in flames.
A 7-day voyage to transport oil from the Arabian Gulf can now cost up to an additional US $200,000
Latest updates on crew, ships and wider logistics and economic fallout following attacks in the Gulf of Oman that left two tankers crippled
The LNG carrier Aseem struck the port side of the 281,400 dwt, Hong Kong-flagged Shinyo Ocean as both vessels were manoeuvring with the anchorage around 2000 UTC on 24 March 2019.
The statement came after the Saudi-led military coalition reported that Yemen’s Houthi movement attacked a Saudi oil tanker in the Red Sea.
Kuwait Oil Tankers Company (KOTC) has signed a contract worth a reported US$ 79.7 million to have a new VLCC class oil tanker built as part of its ongoing fleet development programme.
An oil tanker carrying US $8.1-million worth of gasoline and an all-Indian crew of 22 has gone missing off the coast of Africa, prompting fears that it has been hijacked by pirates.
Kuwait Oil Tanker Company (KOTC) has signed a deal with South Korean shipyard Hyundai Heavy Industries for the construction of three immense gas tankers, as part of a major KOTC fleet overhaul.
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