Daily Archives: May 19, 2019

Tanker Markets In Geopolitical Peril

Tanker owners are having to cope with one of the most tense and complex geopolitical situations of recent times, when it comes to trading their fleet of vessels. Needless to say that uncertainty is prevailing at the moment. In its …

IMO 2020 – a major shake-up for oil and shipping

Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades.

United Nations shipping agency the International Maritime Organization (IMO) met in London this week for …

Insurer says Iran’s Guards likely to have organized tanker attacks

Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates, according to a Norwegian insurers’ report seen by Reuters.

The UAE, Saudi …

Uniper Energy DMCC Loads Largest-Ever Tanker of Low Sulfur Fuel Oil in Fujairah

Uniper Energy DMCC, which supports 17 United Nations Sustainable Development Goals, has loaded in Fujairah the largest-ever cargo of Low Sulfur Fuel Oil for delivery to Asian customers ahead of the implementation of the IMO 2020 rule compelling all ship-owners …

Saudi Arabia ‘seeks to avert war, ready to respond with force’

Saudi Arabia wants to avert war in the region but stands ready to respond with “all strength and determination” after last week’s attacks on Saudi oil assets, a senior official said, adding that the ball was now in Iran’s court.…