Lithuania is seeking to renegotiate a liquefied natural gas (LNG) contract with Norway's Statoil due to falling demand, head of energy group Lietuvos Energija said on Tuesday.
Concordia Maritime has signed a contract for the charter of an IMO2/3 class MR tanker, the company announced today. The vessel will be chartered jointly with Stena Weco,
Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI),
Turkey downs Russian-made fighter jet near Syrian border.
Oil prices rose on Tuesday as tensions in the Middle East escalated following the downing of a Russian-made
Rig firm Seadrill sees tough market continuing in 2016.
Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.
Russian Urals crude oil exports from Baltic Sea ports are seen declining next month, a preliminary loading schedule showed on Tuesday.
Urals supplies from the
Navios Maritime Holdings Inc. a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the third quarter and nine months ended September 30, 2015.
* Frontline achieved net income attributable to the Company of $17.4 million, or $0.09 per share, for the third quarter of 2015 and net income attributable to the Company of $65.
Russian President Vladimir Putin said on Monday he wants to boost trade ties with Iran after meeting with leaders of the Islamic Republic in Tehran.
Commodities hit 13-year lows before rebounding on Monday after Saudi Arabia's pledge to work toward crude price stability bolstered oil and France's first wheat
Greece-based Eastern Mediterranean Maritime Limited (EASTMED), a shipping operator servicing the energy, industrial and agricultural sectors, has chosen to install
Ferguson supplies DNV 2.7-1 offshore tote tanks from their South East Asian bases in Singapore, Thailand, Malaysia and Vietnam.
The 4,000 liter tank is used
Parker Bestobell Marine has launched a new compact version of its Float Isolation Valve (FLIV). The compact FLIV, which is 150mm in diameter and 600mm high, was
Investor are betting more heavily on a fall in Brent crude oil than they have at any time in more than a year, according to data on Monday from the InterContinental Exchange (ICE).
Since the first oil shock of 1973, instability in the Middle East has frequently been associated with higher oil prices. In an industry desperate for positive movement in crude price,
Tanker shipper Ardmore takes delivery of 23rd and 24th vessels, completing its initial newbuilding program
Ardmore Shipping Corporation has taken delivery of
BW Offshore, a builder and operator of ships that can produce and store oil offshore, suspended its dividend until outlook for the oil sector improved, it said on Monday.
Hedge funds and other money managers had amassed short positions in U.S. crude oil amounting to 154 million barrels by last Tuesday according to data from the U.
Saudi cabinet issues statement reiterating policy.
Oil prices turned around to rally on Monday after the Saudi Arabian cabinet said in a statement the kingdom
Three oil tanker ships were detained by the Malaysian Maritime Enforcement Agency (MMEA) off the waters of Pengerang for illegal ship-to-ship transfer of marine fuel oil (MFO) near Pengerang.