After China, India shifts to Iranian tankers
State refiners switch to NITC tankers to continue Iranian oil imports despite US sanctions.
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Texas collision leads to oil spill
The source of the fuel leak has been secured, and cleanup operations are ongoing after a towboat and ro/ro collided in Texas.
Texas collision leads to oil spill Read More »
Cosco Shipping Energy bets on rising LNG demand
High imports and limited supply will keep spot rates firm, says Chinese state owner.
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Bunker costs, freight rates sink Cosco profits
“Historical low” in international oil transportation dents Chinese state shipowner’s bottom line.
Bunker costs, freight rates sink Cosco profits Read More »
Ship Finance issues $72m bond
Fredriksen company raises money for fleet expansion with five-year Norwegian bond.
Ship Finance issues $72m bond Read More »