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.
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.
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 ...
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 ...
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 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 ...