Douglas-Westwood, an energy intelligence group, has said in its DW Monday report that Saudi Arabia has been hit hard by low global crude prices, and that with a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – $4billion in July. DW has said that the kingdo
Qatar, the world’s largest LNG exporter, dispatched a cargo of the chilled gas from Ras Laffan port to India on Monday.
A French firm has offered to purchase associated gas from an offshore Iranian oilfield in the Persian Gulf to convert it into LNG, Iranian Oil Minister, Bijan Zangeneh has said. The proposition marks the foremost of its kind to Iran by a foreign company to use natural gas associated with oil product
Popular news, August 17 – 23, 2015
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
Yemen’s fourth largest port Hodeidah, located on the Red Sea, was bombed on Monday, August 17th, in Saudi-led air strikes. Hodeidah, is controlled by the Houthi militias and allied army units loyal to former president Ali Abdullah Saleh. According to GAC, the airstrikes targeted the port’s berth no.
Yemen’s fourth largest port Hodeidah, located on the Red Sea, was bombed on Monday, August 17th, in Saudi-led air strikes. Hodeidah, is controlled by the Houthi militias and allied army units loyal to former president Ali Abdullah Saleh. According to GAC, the airstrikes targeted the port’s berth no.
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
Iran has said it will launch Phases 15 and 16 of its South Pars gas field development in a little more than a month. The project director of Phases 15 and 16 at Pars Oil and Gas Company (POGC) said on Sunday that these Phases of the giant South Pars gas field will be launched by the […]
The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D
The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D
Dynagas, GasLog, and Golar LNG said that they have entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the spot market. The LNG carrier pool allows the participating owners to optimise the operation of the pool vessels through improved scheduling a
