U.S.-headquartered LLOG Exploration is closing in on the first oil production from a deepwater project in the U.S. Gulf of Mexico as a floating production unit (FPU) destined for work at this oil development achieves refurbishment progress, which is ex…
This year, the seasonal decline in the capesize market is starting from an especially low base
Baltic Dry Index falls again as bulker markets remain stuck in the doldrums Read More »
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo, three traders said.The…
Shandong Port Group Bans ‘US-designated’ Vessels Read More »
Dutch owner is doubling its capacity to become the largest player in niche sector
In 2019, US sanctions saw VLCC rates top $200,000 per day
Cosco ‘blacklisting’ in US fuels fever for tanker market rally Read More »