Shipping

  • Saudi shipper Bahri sees VLCC market improving by...

    Saudi Arabia’s Bahri, the exclusive oil shipper of Saudi Aramco, expects supertanker rates to stabilise at slightly better levels going into the fourth quarter, the vice president for commercial and operations of its oil business said.

  • Industry-Led Summit To Take Action On Shipping’s...

    A group of international shipping industry leaders will join forces at the 23rd session of the Conference of the Parties (COP 23) to the UN Convention on Climate Change (UNFCCC) in November to drive industry ambition and action on exploiting opportunities presented by decarbonisation.

  • Container shipping on a rising tide

    If only investors in shipping had the equivalent of a mariner’s tide tables. They can see where the low water mark in share prices lies, but must divine for themselves how high the waters might now rise.

  • Cosco Shipping Announces Chartering Agreement...

    COSCO SHIPPING Lines Company Limited (“COSCO SHIPPING Lines”), a wholly-owned subsidiary of COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings” or the “Company”) together with its subsidiaries (collectively the “Group”) and its subsidiaries

  • Dry Bulk Carriers in High Demand

    Shipbrokers left and right are reporting a flurry of activity in the S&P dry bulk segment over the past week. In its latest weekly report, Allied Shipbroking said that “on the dry bulk side, there was an explosion of activity this past week, with a large number of vessels changing hands.

  • Shipping’s recovery insufficient to lift seafarer...

    Despite a recovery in cargo shipping markets, ship manning costs will remain suppressed as shipowners and operators continue to be financially challenged and the officer shortfall recedes, according to the latest Manning report published by global shipping consultancy Drewry.

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Kuwait Oil Company awards major contract to Grandweld Shipyards

Grandweld Shipyards has secured a contract to design, construct and deliver four crew boats and six pilot boats for Kuwait Oil Company. The contract was signed on May, 2017 by Mr. Ismail Abdulla, Deputy Chief Executive Officer of Kuwait Oil Company, and Mr. Jamal Abki, General Manager of Grandweld Shipyards.

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Asia Develops a Taste for U.S. Oil Exports

For decades, Asian oil buyers relished Tapis from Malaysia, Seria Light from Brunei, Duri from Indonesia, and Daqing from China. Now, as plunging regional output starves them of high-quality crude, they are developing a taste for something new.

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Saudi shipper Bahri sees VLCC market improving by Q4

Saudi Arabia’s Bahri, the exclusive oil shipper of Saudi Aramco, expects supertanker rates to stabilise at slightly better levels going into the fourth quarter, the vice president for commercial and operations of its oil business said.

English

Container shipping on a rising tide

If only investors in shipping had the equivalent of a mariner’s tide tables. They can see where the low water mark in share prices lies, but must divine for themselves how high the waters might now rise.

English

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