Frontline’s $65m VLCC fixture shows dramatic surge in rates for Brazil voyages
US and Oslo-listed tanker owner fetches $804,000 per day
Frontline’s $65m VLCC fixture shows dramatic surge in rates for Brazil voyages Read More »
Sumitomo Corporation Global Metals, TFI Marine Introduce Mooring Solutions to Floating Offshore Wind
Sumitomo Corporation Global Metals Co., Ltd. (SCGM) and TFI Marine Limited have formed a partnership to introduce innovation into mooring solutions for floating offshore wind and offshore energy projects. The partnership enables and accelerates…
Russia Imports Petroleum Products From South Korea to Ease Fuel Crises
Russia imported more than 176,000 tons of petroleum products from South Korean ports in July and August, easing the impact of a fuel crisis caused by Ukrainian drone strikes on Russian oil refineries, Ukraine’s top sanctions official said on…
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Iran War Forces Oil Industry to Consider Alternative Export Routes
The disruption caused by the Iran war is forcing the energy industry to rethink its just-in-time approach to efficient supply chains and to consider investing in alternative routes which bypass the Gulf and the Red Sea.Attacks on shipping around…
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As Global Stockpiles Dry Up, US EIA Rises Oil Price Forecast
The US Energy Information Administration raised its oil price forecast for this year and next year on Tuesday, as global stockpiles fall rapidly and diesel markets remain tight due to the ongoing Iran war.Attacks on Saudi Arabia’s East-West Pipeline…
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