oil tankers | Egypt Oil & Gas - Part 2

The Tanker Market Sends Warning to Oil Giants

Four months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat.

Saudi Arabia and Iraq Vying for Uplift in Tanker Demand

Rates for the world’s biggest oil tankers surged to the highest since January as shipments accelerated from Saudi Arabia and Iraq, the two biggest suppliers in the Persian Gulf.

Talks Underway to Return Tankers, Shipping Lanes to Iran

Iran says it is expecting American shipping lines to visit its ports once the economic sanctions against it are lifted in light of the emerging comprehensive final agreement over the Iranian nuclear energy program.

Oil Oversupply Not Helping Old Tankers As Originally Anticipated

As tanker owners with aged VLCC tankers were looking for an opportunity in the scrap market, in order to send their vessels for demolition, the opportunity of floating storage plays rose, giving those older ship anot ...

Iran: Latest European Tanker-Sanctions Driven by Politics

Managing director of the National Iranian Tanker Company (NITC) rapped the European Union (EU) for putting the country's biggest tanker firm back on the list of sanctioned Iranian entities, slamming the move by the b ...

Kuwait: Exclusive Dry-Dock Maintenance Deal

In a celebration held at KOTC Head Office, Kuwait Oil Tankers Company signed a comprehensive dry-docking agreement with Bahrain-based Arab Shipbuilding & Repair Yard Company (ASRY), which is one of the world’s larges ...

Sudan says to release ships seized from S.Sudan

Sudan said on Saturday it would free tankers carrying cargoes of South Sudanese crude it had seized earlier this month, in a push to defuse a row over transit fees between former civil war foes that both depend on oi ...

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