Hanjin successfully delivers another locally-made VLCC

Hanjin successfully delivers another locally-made VLCC

Hanjin Heavy Industries & Construction-Philippines Inc. (HHIC-Phil Inc.) marked another milestone when it held a delivery signing event for a 300,000 DWT class Very Large Crude Oil Carrier (VLCC) manufactured at its …
Oct 11, 2018 /  Vessels
Navantia launches Suezmax tanker for Ibaizabal Group

Navantia launches Suezmax tanker for Ibaizabal Group

Spanish state-owned shipbuilder Navantia recently launched Monte Urquiola, the third Suezmax oil tanker being built for the Ibaizabal Group. The tanker has a displacement of 164,200 tonnes, a length of 274 metres, a …
Oct 10, 2018 /  Vessels
France and Italy begin cleanup for Mediterranean fuel spill after the collision between RoRo Ulysse and CLS Virginia (Video)

France and Italy begin cleanup for Mediterranean fuel spill after the collision between RoRo Ulysse and CLS Virginia (Video)

French and Italian maritime authorities have begun cleaning up a fuel spill that has spread 20 kilometers (12.5 miles) in the Mediterranean Sea after two cargo ships collided north of the island of Corsica. Collision …
Oct 9, 2018 /  Accidents
Hyundai Heavy Industries wins US$210 mln oil tanker order from Norway

Hyundai Heavy Industries wins US$210 mln oil tanker order from Norway

Hyundai Heavy Industries announced on Monday that it has received a US$210 million order to deliver two oil tankers to a Norwegian shipper from June 2020. Caption: Ka Sam-hyun (front L), president and COO of the …
Oct 2, 2018 /  Curious
ESSAR Extends Engagement With Svitzer in Liverpool

ESSAR Extends Engagement With Svitzer in Liverpool

Svitzer, a leading provider of harbour and terminal towage to the global shipping industry, has entered a yearlong agreement with Essar Oil UK to provide towage service related to the Stanlow Manufacturing Complex in …
Sep 27, 2018 /  Vessels
Ocean Installer Awarded First Contract In China

Ocean Installer Awarded First Contract In China

Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea. Caption: Offshore Support Vessel …
Sep 3, 2018 /  Curious
Euronav Sells Suezmax Cap Romuald

Euronav Sells Suezmax Cap Romuald

Euronav NV (NYSE: EURN & Euronext: EURN) (Euronav) announced earlier this month that the Company has sold the Suezmax Cap Romuald (1998 – 146,640 dwt) for USD 10.6 million. Caption: Crude oil tanker Cap …
Sep 3, 2018 /  Vessels
Oil Spill Reported at Port Arthur after Accident Involving ARC RoRo

Oil Spill Reported at Port Arthur after Accident Involving ARC RoRo

An oil spill has been reported following an accident between U.S.-flagged RoRo vessel Endurance and Savage Pathfinder, a towing vessel,  at Dock 4 near Port Arthur, Texas, Wednesday evening, August 29. The United …
Aug 31, 2018 /  All
LUKOIL’s Profit in H1’2018 Grew by 38% YoY to RUB 276.4 bln

LUKOIL’s Profit in H1’2018 Grew by 38% YoY to RUB 276.4 bln

PJSC LUKOIL has released its condensed interim consolidated financial statements for the three and six month periods ended 30 June 2018 prepared in accordance with International Financial Reporting Standards …
Aug 30, 2018 /  Finance
Over 30% of Global Crude Oil Trade Moves Through South China Sea

Over 30% of Global Crude Oil Trade Moves Through South China Sea

The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea, according to US EIA. …
Aug 29, 2018 /  Curious