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VLCC set to ramp up Mena presenceVLCC, a leading wellness brand in ME region and South Asia, is set to significantly ramp up its presence in the Mena region, having delivered top line and Ebidta growth of 26 per cent and 43 per cent respectively last year. The br More… |
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Iran oil curbs 'may revive tanker rates'A rush to replace Iranian crude with oil from other suppliers due to sanctions against Iran could breathe some life back into the very large crude carrier (VLCC) market this year, the head of a Dubai-based tanker owner said. "If you look f More… |
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Kuwait orders 5 new tankers from DaewooKuwait Oil Tanker Co (KOTC) has signed a $556 million contract with South Korea's Daewoo Shipbuilding & Marine Engineering to build five new tankers, the state news agency Kuna said. The four double-hull very large crude carriers ( More… |
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Demand for ME crude carriers hits recordDemand for Very Large Crude Carriers (VLCC) shipping Middle East grades surged to a record in the spot market with more than 115 fixtures in March as Opec pumped more supplies, shipbrokers said on Tuesday. With oil prices trading near $115 More… |
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Demand for ME crude carriers hits recordDemand for Very Large Crude Carriers (VLCC) shipping Middle East grades surged to a record in the spot market with more than 115 fixtures in March as Opec pumped more supplies, shipbrokers said on Tuesday. With oil prices trading near $115 More… |
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Iran's NITC storing crude on 2 tankers at seaIran's biggest crude oil tanker operator, NITC, is storing Iranian crude on two very large crude carriers (VLCCs) and expects that number to fall as the winter demand for oil rises, its chairman said. "At the moment only two ships are now More… |
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VLCC opens outlet in Dubai MarinaVLCC, a premier preventive healthcare services and beauty brand in the Middle East, has announced the opening of its new branch at the Dubai Marina, which is exclusively for women. The slimming, skin and hair care centre was inaugurated by More… |
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ME tanker rates ‘set for turbulence in 2011’Sluggish demand for crude oil, worries over economic recovery and rising fleet supply will pressure Middle East tanker earnings in 2011 despite hopes for firmer rates in the fourth quarter of this year, analysts said. Average earnings on t More… |
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Iran stores abundant fuel oil on supertankersIran has been storing straight-run fuel oil on supertankers for at least three months, in an unprecedented move prompted by China's poor feedstock demand and financing difficulties faced by buyers due to Western sanctions, industry sources sai More… |
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80pc feel they gain weight during RamadanEighty per cent of residents feel they gain weight during Ramadan due to unrestrained, high-calorie eating and reduced levels of physical activity, according to a study. The survey conducted by VLCC, a leading beauty, slimming and preventi More… |
