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USD 48 billion at risk of being written off as gas tanker orders soar by 300% in five years, new research shows

LONDON/HAMBURG: USD 48 billion invested in LNG carriers could be written off by 2035 as they will be in oversupply in a 1.5°C climate...

Econowind receives repeat order from Terntank for two more vessels

ZEEWOLDE : Econowind has received a repeat order from Terntank for the installation of eight VentoFoil units on two additional methanol-ready hybrid tankers. Following...

EU Sanctions start to disrupt Clean Product Exports from Nayara’s Vadinar Refinery

LONDON : The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar...

CONCOR flags off Rail Movement of Bulk Liquid in Specialized Tank Containers

MUNDRA : In a significant development for India’s logistics sector, Container Corporation of India Ltd. (CONCOR) has launched the movement of customer-owned specialized tank...

Berg Propulsion marks decade of Nakkaş Shipping collaboration with 10th tanker contract

HONO (SWEDEN) : Turkish group Nakkaş Shipping & Trading Co has confirmed that a decade of tanker-focused work with Berg Propulsion will culminate in...

Oil bunker costs to double by 2035 on IMO rules, says Wartsila

NEW YORK : Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions,...

CONCOR successfully flags off its first tank container rake carrying bulk cement

HYDERABAD : Container Corporation of India Ltd. (CONCOR) has successfully flagged off its first tank container rake carrying bulk cement from Maha Cement (Mellacheruvu,...

Ships collide in Hormuz Strait in shadow of Israel-Iran war

OMAN : Two oil tankers have collided in the Strait of Hormuz, the world’s most critical oil checkpoint just off the coast of Iran. British...

Israel’s attack on Iran bullish for oil prices but unlikely to last unless exports affected: Report

NEW YORK : Israel's airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional...

Indian Oil, BPCL and HPCL plan tanker order for domestic use in move to boost shipbuilding industry

NEW DELHI : India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead...
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