Thursday 2 May 2024
 
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VLCCs

Suez Canal charging VLCCs coming from Arabian Gulf

Egypt's Suez Canal Authority has set new toll rates for oil tankers as part of a six-month experiment that came into effect on Thursday, it said on its website. Very large crude carriers (VLCCs) transitting the canal from the

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Bahri secures $380m Islamic loan for five VLCCs

National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at SR1.425 billion ($380 million) to finance the construction cost of five very large crude carriers. The facility l

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