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Crude Oil Sector News

23 Jun 2022

Russian Oil Tankers Get India Safety Cover Via Dubai Company

India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.Certification by the Indian Register of Shipping (IRClass), one of the world's top classification companies, provides a final link in the paperwork chain - after insurance coverage - needed to keep state-owned Sovcomflot's tanker fleet afloat and delivering Russian crude oil to overseas markets.Data compiled from the IRClass website shows that it has certified more than 80 ships managed by SCF Management Services (Dubai) Ltd…

13 Apr 2021

ADNOC L&S Adds Two More VLCCs to Its Fleet

Credit: ADNOC L&S

Abu Dhabi-based ADNOC Logistics & Services, the shipping and maritime logistics branch of Abu Dhabi National Oil Company (ADNOC), has ordered two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight.ADNOC L&S said Tuesday that the VLCC fleet expansion played a significant role in supporting ICE Murban Futures, which is expected to boost trading of the UAE’s flagship Murban crude oil, enabling it to reach new customers and markets around the globe.

07 Dec 2004

Galbraith's appoints three new directors

Andersen, Peter Bartleet, and Richard Harmsworth. shipping career in New York before moving to Galbraith's in 1999. on the crude oil sector and in particular on VLCC and Suezmax trades. Galbraith's worldwide reach. desk, working alongside head of S&P Neil Rokison. broking industry experience spanning both tanker chartering and S&P. Monaco markets, having lived in Monaco for many years. experience. He is a Fellow of the Institute of Chartered Shipbrokers. shipbroking company. and period trades for a variety of vessel sizes. competitors in their respective markets. energy will add significant value to the company.