Bahri Fleet Continues To Grow With The Addition Of 45th VLCC

Bahri Fleet Continues To Grow With The Addition Of 45th VLCC

Bahri, a global leader in logistics and transportation, Tuesday (Apr 10) accepted the delivery of ‘Khurais,’ a Very Large Crude-oil Carrier (VLCC), further enhancing its market-leading capabilities in crude …
Apr 11, 2018 /  Vessels
Concordia Maritime: Small improvements for product tankers, still difficult for crude oil tankers

Concordia Maritime: Small improvements for product tankers, still difficult for crude oil tankers

At the beginning of the week, Concordia Maritime released a market update. According to the Company, the markets are roughly in the same situation as they began the year, in other words still really difficult for crude …
Mar 8, 2018 /  Curious
Ocean Yield announces investment in four VLCC crude tankers with long-term charters

Ocean Yield announces investment in four VLCC crude tankers with long-term charters

Ocean Yield ASA (Ocean Yield) announced on Saturday that 100% owned subsidiaries of the Company have agreed to acquire four VLCC crude tankers with 15-year bareboat charters to companies owned and guaranteed by Okeanis …
Feb 12, 2018 /  Vessels
Bahri takes delivery of Very Large Crude Carrier Kassab

Bahri takes delivery of Very Large Crude Carrier Kassab

Bahri announces that it has received On Monday 22 January 2018 G a new VLCC that was named (Kassab). Very Large Crude Carrier Kasaab - Images courtesy of Bahri   The newly received VLCC is one of the 5 VLCCs …
Jan 23, 2018 /  Vessels
One crew member dies in oil tanker fire off Gujarat coast (Video)

One crew member dies in oil tanker fire off Gujarat coast (Video)

A massive fire broke out in the MT Genessa anchored around 14 nautical miles off Deendayal Port Kandla on Wednesday and all the 26 crew members were evacuated from the ship. The merchant navy tanker was reportedly …
Jan 18, 2018 /  Accidents
COSCO Signed MoU with PetroChina to Transport Crude Oil

COSCO Signed MoU with PetroChina to Transport Crude Oil

COSCO Shipping Energy Transportation has signed a Memorandum of Understanding (MoU) with PetroChina further to provide crude oil transportation services. As a part of China’s "Belt and Road" project, COSCO would …
Jan 4, 2018 /  Curious
Corpus Christi celebrates two-year anniversary of lifting of crude export ban

Corpus Christi celebrates two-year anniversary of lifting of crude export ban

The Port of Corpus Christi celebrated this week the two-year anniversary of Congress lifting the ban on exports of crude oil. Caption: The first shipment of U.S. crude oil abroad departed Corpus Christi on …
Dec 19, 2017 /  Curious
Harvest Pipeline Company and Vitol Inc. Agree to Pursue Development of a State of the Art Crude Oil Terminal in the Port of Corpus Christi

Harvest Pipeline Company and Vitol Inc. Agree to Pursue Development of a State of the Art Crude Oil Terminal in the Port of Corpus Christi

In response to increased demand for crude transportation from South Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of Hilcorp Energy Company) and Vitol Inc. have established an agreement to explore …
Dec 14, 2017 /  Curious
Ocean Yield announces investment in three Suezmax tankers with long-term charters

Ocean Yield announces investment in three Suezmax tankers with long-term charters

Ocean Yield ASA (Ocean Yield) announced on Friday that the Company has agreed to acquire three Suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited (NAT). The net purchase price is USD …
Dec 4, 2017 /  Finance
Euronav sells Suezmax crude oil tanker Cap Georges

Euronav sells Suezmax crude oil tanker Cap Georges

Euronav NV (NYSE: EURN & Euronext: EURN) (Euronav) announced earlier today that the Company has sold the Suezmax Cap Georges (1998 - 146,652 dwt) for USD 9.3 million. Caption: Crude oil tanker Cap Georges - Image …
Nov 30, 2017 /  Vessels