According to a report from Bloomberg, NITC Co., an Iranian shipowner with a fleet of 45 tankers, said its vessels are exempt from a ban that prohibits European Union-based insurers from covering companies based in the country.
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Imagine the following scenario: It is in the middle of winter in the north Atlantic, freezing cold with rough seas, when an emergency onboard a tanker requires the crew to abandon the ship.
China's biggest liquefied natural gas (LNG) importer CNOOC has started building two storage tanks at a receiving terminal in Fujian province for the super-chilled fuel,
Citing sources familiar with the matter, Bloomberg reports that Abu Dhabi is delaying the construction of the UAE’s first land-based LNG import terminal after