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As Iran Oil Tenders Near, Investors Still in the Dark on Terms
Two years after Iran pledged to open up its oil industry in anticipation of the lifting of sanctions, foreign companies say they still have little information about…
Iran Calls for Oil Majors to Bid for New Projects
Iran has invited global energy giants to a tender for the development of several of its key oil sector projects. The National Iranian Oil Company (NIOC) via an announcement…
VLCC Rates to Hold Firm as Owners Await MidEast Cargoes
Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs this week, are likely to hold firm as owners tread water before the release of further Middle-East and West Africa cargoes, ship brokers said on Friday. "The market is taking a bit of a breather. The market is waiting for Saudi Arabian cargoes," said Captain Ashok Sharma, managing director of broking house BRS Baxi Far East in Singapore.
New Container Terminal Inaugurated in Iraq
International Container Terminal Services, Inc. (ICTSI) formally opened the first phase of its new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq.
Kalmar Bags Gulftainer Order
Kalmar signed an agreement with Gulftainer Lebanon SAL to supply six Kalmar T2 terminal tractors and one Kalmar DCF80-45E7 empty container handler. The order was…
Iran Vessels Make 'High Speed Intercept' of US Ship
Four of Iran's Islamic Revolutionary Guard Corps (IRGC) vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said, amid Washington's concerns about Iran's posture in the Gulf and in the Syrian civil war. The vessels harassed the destroyer by "conducting a high speed intercept and closing within a short distance of Nitze, despite repeated warnings," the official said. IRGC, the Islamic Republic's praetorian guard, is suspicious of U.S.
Iran Defends Encounter with US Warship
Iran's defence minister said on Thursday four of his country's vessels accused of harassing a U.S. warship were only doing their job, and Tehran would contront any American ship that entered its waters. The vessels from Iran's Islamic Revolutionary Guard Corps (IRGC) conducted what a U.S. defence official described as a "high speed intercept" of the warhip on Tuesday in the Strait of Hormuz. The official…
Five Minutes with Paul Switzer
For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company in perspective in terms of the products and services you provide, global reach, etc. The Viega Group, with a tradition of innovation for more than 115 years, has more than 4,000 employees worldwide and is a leading manufacturers of pipe fitting installation technology for shipbuilding, industrial, commercial and residential projects.
Rosneft Delivers First Gasoline Cargo to Asia-Pacific
Energy giant Rosneft said on Thursday its trading arm had delivered an inaugural gasoline cargo to the Asia-Pacific, marking what could be Russia's first foray into…
Turkey’s Role for the Tanker Market
Even though the coup attempt in Turkey failed and the transportation situation normalized quickly thereafter, Poten & Partners take a look at the importance of Turkey to the tanker market.
Asia Tankers-VLCC Rates to Hold, Ample Tonnage Weighs
"Pure" chartering market with little disruption. Rates to hold around W45 for Middle East; W48 for West Africa. Freight rates for very large crude carriers (VLCCs)…
Oil Prices Rally after Turkish Military Takes Over
Oil prices extended gains in post-settlement trading on Friday after Turkey's armed forces said they had taken power in the country to protect the democratic order and to maintain human rights.
Neptune Lines Appoints Agent in Arabian Gulf
Maritime and logistics service provider Inchcape Shipping Services (ISS) has been appointed agent for Neptune Lines’ new Arabian Gulf short sea car transportation service in Kuwait, Iraq and Qatar. As agents for Neptune Lines in these three countries, ISS will provide full port agency, vessel husbandry and liner services, as well as vehicle documentation, on the new Arabian Gulf short sea service.
Russia's Giant Warship Headed for Syria for Anti-ISIL Operations
Russian president Vladimir Putin is sending his country’s largest warship to Syria in an attempt to finally destroy the death cult ISIS, reports Daily Star. The…
U.S. Accuses Russian Warship of Aggressive Maneuvers
A Russian warship carried out aggressive and erratic maneuvers close to a U.S. Navy ship in the eastern Mediterranean Sea, the second such Cold War-style incident there in a matter of weeks, the U.S.
Russian Warship made 'unprofessional' Maneuver-U.S. Official
A Russian warship carried out "unprofessional" maritime operations in close proximity to a U.S. Navy ship in the eastern Mediterranean Sea, a U.S. Defense official said on Friday.
Asia Tankers-VLCC Rates Expected to Soften
MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs) will…
Asia Tankers-VLCC Rates to Climb Slowly
Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers (VLCCs)…
US Aircraft Carrier Docks in Crete After Islamic State Battles
The USS Harry S. Truman aircraft carrier arrived in Crete on Tuesday, giving its 5,500 crew members a Greek island break after seven months at sea and over 2,000 missions launched against Islamic State targets in Iraq and Syria. The U.S. Navy extended the Truman's deployment by one month to "keep the pressure" on Islamic State until the USS Dwight D. Eisenhower carrier arrived to take over, Vice Admiral James Foggo, commander of the Navy's Sixth Fleet, told Reuters.
USS Michael Monsoor Christened
The U.S. Navy’s newest guided-missile destroyer, Michael Monsoor (DDG 1001), was christened on Saturday, June 18 at General Dynamics Bath Iron Works shipyard in Bath, Maine. The second ship of the Zumwalt-class, DDG 1001 is named for Petty Officer 2nd Class Michael Monsoor, who was deployed to Iraq in Operation Iraqi Freedom and was killed Sept. 29, 2006, in Ar Ramadi, Iraq. Sally Monsoor, Petty Officer Monsoor’s mother…