Much like the Pakistani market at present Bangladeshi buyers are there to acquire preferred units whilst largely ignoring those vessels that actually are firm candidates. A dearth of VLCCs, suezmax tankers, and capesize bulkers oil late ...
Tags: Pakistani market, vessels, oil, oil industry
A noticeable slowing in the number of candidates and actual deals concluded for the week seemed to signal the start of the inevitable slowdown mat will likely characterize the Christmas and New Year period. Indeed, many units that had ...
Tags: India, oil, oil industry, festive period
Financial Post reported that a line of yellow buoys marking the boundaries of a scallop farm outside Prince Rupert, British Columbia presents the biggest challenge Enbridge Inc may face in its bid to connect Canada’s oil sands to ...
Tags: Enbridge Pipeline, oil sands, coal, oil
Iran oil industry has launched an international insurance company to insure the tankers transporting its crude oil across the globe. Iranian Oil Minister Rostam Qassemi was quoted by English.farsnews.com as saying that after international ...
Tags: international insurance company, insurance company, oil tankers
Reuters cited Mr Rostam Qasemi Oil Minister as saying that western sanctions on Iran's shipping and energy sectors caused serious problems for its oil industry earlier this year but Iran has mostly overcome those challenges. Iranian ...
Tags: Iran, Sanction Challenges, US and European
The Great Eastern Shipping Company Ltd has placed an order for 1 new building Medium Range Product Tanker to be built at STX (Dalian) Shipbuilding Company Ltd, China. The contract also gives GE Shipping the option to add more ships at a ...
Tags: Great Eastern Shipping Company, STX(Dalian)Shipbuilding Company Ltd
As select buyers emerged for specific tonnage largelv the cape size bulkers and suezmax tankers/VLCCs vessels with 20,000 LDT and over, a whole raft of candidates either discharging in the area or coming from the East were mostly ignored, ...
Tags: specific tonnage, vessels, tankers, bulker
Few signs of recovery existed this week in the Indian market as an end of year gloom descended on what has been an incredibly frustrating and volatile year in the Indian ship recycling industry. There is little doubting the intensity of ...
Tags: ship recycling industry, green recycling, Market sales
The anticipated Christmas / New Year slowdown has shown few signs of beginning Just yet as all markets continue acquiring tonnage and previous deals / cash buyer 'as is' tonnage continues to arrive respective demo locations at pace. ...
Pakistan established themselves this week as firmly ahead of their Indian competitors with a greater aggression to buy at better numbers. Indeed, the Danish built, ABS class, full spares panamax bulker 05TSEE MERCHANT considered to be a ...
Tags: Transportation, Ship, container vessels
MNA reported that South Korea's imports of oil from Iran increased 2.9%in November from October,when it resumed shipments from the Persian Gulf nation. According to data posted on the Korea Customs Service's website,purchases last month ...
Tags: MNA, South Korean, oil
After a decent run that has seen several VLCCs, suezmax tankers and capesize bulkers beached, Pakistan endured an overall quieter week with no market sales to speak of. Despite the 100 plus vessels that have beached recentlv in India, ...
Tags: ship breaking industry, VLCCs, tankers, vessels
With Christmas and an end to 2012 fast approaching, the overdrive of recent months appears to be dissipating somewhat as new deals slow, deliveries / beachings wind down and cash buyers, owners and end buyers alike continue to count their ...
Tags: Christmas, new deals, ship breaking, steel price
Blizzard is going to launch the Mists of Pandaria,the next expansion of the World of Warcraft.There are many new features introduced in the update.One of them is Pandaen and monk,the new race and class in WoW. DALLAS,TX,September ...
Trans Caspian gas pipeline project should be viewed within sovereign rights of Azerbaijan and Turkmenistan. The negotiations on the legal status of the Caspian Sea are held in both bilateral and multilateral format within a special ...