Sunday 29 March 2015
 
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tankers

Three tankers to lift oil at eastern Libyan ports

Three tankers plan to lift 1.7 million barrels of crude from ports in eastern Libya this week, oil officials said on Monday, giving hope to the battered energy sector in the North African country. The OPEC member state's oil s

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Oil storage at sea halves to 25m barrels

Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.

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Oil storage at sea halves to 25m barrels

Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.

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Oil prices extend slide over growing oversupply

Oil prices slid in early Asian trade on Wednesday after touching their lowest in nearly six years the previous session, with analysts predicting further falls as oversupply plagues the market. Oil tumbled 5 per cent to near six-ye

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For tankers with Kurdish crude, end-game still in doubt

After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly unable to find enough buyers willing to take a risk on million-barrel c

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Agility wins $200m deal with Shell

Kuwaiti group Agility said its fuel logistics unit Tristar Transport had signed a $200 million charter contract with Royal Dutch Shell for six new tankers. The seven-year deal has an option for an additional three years, Agility s

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Iran tanker safety risks rise as ship audit firms quit

Western pressure that forced foreign ship classifiers out of Iran has increased safety risks including the danger of an Iranian vessel spilling oil on another country's coast, the chief executive of Lloyd's Register said.

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Pirates hijack tanker off Oman

Pirates have hijacked a Greek-owned oil tanker carrying 135,000 metric tonnes of crude oil while in the Arabian Sea off Oman, the vessel's manager said. Dynacom Tankers Management said it had lost contact with the crew of the MT Smyrni fol

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Iran 'squeezed by Asia oil import cutbacks'

Virtually every day there is news on how Iran's oil exports to Asia are being squeezed by Western sanctions, but the question that still remains unresolved is just how much pain is Tehran feeling. The latest sign that Iran may be starting

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Nato supply tankers set on fire in Pakistan

Suspected militants in Pakistan set fire to more than two dozen tankers carrying fuel for Nato troops in Afghanistan on Friday, officials said, a day after three soldiers were killed in a cross-border Nato air strike. Angered by repeated i

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