Tuesday 2 September 2014
 
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Crude carrier

Aramco, Bahri reach agreement on merger terms

The National Shipping Company of Saudi Arabia (Bahri) and state oil giant Saudi Aramco have reached an agreement on the terms and conditions of Bahri's merger with Aramco's Vela International Marine unit, the firm said in a bourse statem

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Demand for ME crude carriers hits record

Demand 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

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Demand for ME crude carriers hits record

Demand 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

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Aramco unit takes delivery of new VLCC

State oil giant Saudi Aramco said its shipping subsidiary Vela International Marine had started to operate a new Very Large Crude Carrier (VLCC). Matar Star, which is the third of four VLCCs Vela ordered from South Korea's Daewoo Ship

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PetroChina diverts crude carrier to Fujairah

PetroChina has diverted the Very Large Crude Carrier (VLCC) 'Front Kathrine' to Fujairah port in the United Arab Emirates after discharging just above half its crude cargo in China, according to shipbrokers and AIS tracking data. T

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