Sunday 11 December 2016
 
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tankers

Iran, Hyundai near $650m deal for ships

Islamic Republic of Iran Shipping Lines (IRISL) Group and South Korea's Hyundai Heavy Industries are in the final rounds of a $650-million deal to provide 10 ships to Iran, a report said. Under the contract, Hyundai will build

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Gulf Navigation to expand tanker fleet

Gulf Navigation Holding, a group which owns and operates chemical tankers, is expanding the company’s fleet through a strategic long-term partnership with Wuchang Group, China’s heavy industry giant. The decision, made at Gu

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Gulf Navigation to expand tanker fleet

Gulf Navigation Holding, a group which owns and operates chemical tankers, is expanding the company’s fleet through a strategic long-term partnership with Wuchang Group, China’s heavy industry giant. The decision, made at Gu

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Iraq blacklists tankers involved in shipping Kurdish crude

Iraqi state oil firm Somo has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue.   Kurdistan has been

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Bahri unit secures $133m Islamic funding

National Shipping Company of Saudi Arabia (Bahri) said on Sunday that a subsidiary had secured $133.2 million in Islamic financing to purchase five chemical tankers. The funding will be provided to National Chemical Carriers by Ar

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Bahri unit secures $133m Islamic funding

National Shipping Company of Saudi Arabia (Bahri) said on Sunday that a subsidiary had secured $133.2 million in Islamic financing to purchase five chemical tankers. The funding will be provided to National Chemical Carriers by Ar

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Turkey shuts Bosphorus to tankers for 'security reasons'

Maritime authorities shut Istanbul's Bosphorus Strait to transiting tankers on Saturday "for security and safety" reasons, shipping agent GAC said, after what the government said was an attempted coup by a faction in the military.

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Iran tanker company to revamp fleet

National Iranian Tanker Company (NITC) plans to overhaul its fleet and build new oil tankers with the help of domestic companies, a report said, quoting the company's managing director. "We will try to renovate and overha

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Iran struggles to find enough ships for oil exports

Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes. Tehran is seeking to make up for lost trade

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Flow of Iraqi oil to US reaches 3-year peak

Oil tankers are set to deliver the biggest volume of Iraqi crude to US shores in more than three years, as Organization of Petroleum Exporting Countries (Opec's) second-largest producer vies for market share as pressure mounts on US shale

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