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Saudi Shipping Group Signs $350M Islamic Finance Deal for Oil Tankers
Saudi Arabia >> 11/30/2016 - National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said it had signed a $350 million Islamic 10-year financing deal to pay for the building of five oil tank...
Tanker Market - November 2016
Austria >> 11/11/2016 - In October, tanker spot freight rates for dirty and clean vessels saw gains across all classes trading on various routes. Although the size of the gains varied, VLCC rates achieved the strongest gro...
Boat that Attacked Gas Tanker off Yemen Carried Explosives
Yemen >> 11/3/2016 - Unknown assailants who opened fire on a gas tanker off the coast of Yemen were also carrying a "substantial amount of explosives", the vessel's owner said, and a maritime source said it may have been ...
Shell, Vitol Boost UAE Storage to Handle Iraqi Crude
United Arab Emirates >> 10/31/2016 - Royal Dutch Shell and trading house Vitol are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises, industry sources said. ...
Gas Tanker Attacked Near Key Shipping Lane off Yemen
Yemen >> 10/26/2016 - Unknown assailants attacked a gas tanker off the coast of Yemen close to the Bab al-Mandab waterway in the latest flare up in an area through which much of the world's oil passes, shipping and securit...
Dubai's Gulf Navigation to Expand Fleet with China's Wuchang Group
United Arab Emirates >> 10/26/2016 - Gulf Navigation Holding PJSC is expanding the company’s fleet through a strategic long-term partnership with Wuchang Group, China’s heavy industry giant. The decision was made at Gulf Navigation Holdi...
Tanker Market - October 2016
Austria >> 10/12/2016 - Average spot freight rates in the tanker market increased in September from the previous month by 23%. The average increase was driven mainly by gains registered for the Suezmax class, which benefit...
Teekay Offshore Wins New North Sea Shuttle Tanker Contracts
United Kingdom >> 9/23/2016 - Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) has been awarded new three-year shuttle tanker contracts of affreightment (CoA), plus extension options, with BP plc, Royal Dutch She...
Tanker Market - September 2016
Austria >> 9/12/2016 - Dirty tanker spot freight rates were under pressure again in August, reflecting decreases among all classes, occasionally reporting the lowest levels seen so far this year.

VLCC rates wer...
Iraq Blacklists Tankers Involved in Shipping Kurdish Crude
Iraq >> 8/30/2016 - Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue. ...
Tanker Market - August 2016
Austria >> 8/10/2016 - Crude oil tanker market sentiment weakened in July, as average spot freight rates declined on all reported routes. On average, dirty tanker freight rates were down by 19% from the month before. Spot...
Tanker Market - July 2016
Austria >> 7/12/2016 - Dirty tanker spot freight rates were diverse in June, although they mostly reflected negative developments during the month before, as the tanker market heads towards the summer months. On average, ...
Largest Container Ship Transits Suez Canal
Largest Container Ship Transits Suez Canal Egypt >> 7/10/2016 - Head of the Suez Canal Authority Mohab Mamish said that Suez Canal is the largest and greatest canal in the world. ...
Tanker Market - June 2016
Austria >> 6/12/2016 - Dirty tanker market sentiment weakened in May as average spot freight rates dropped on most reported routes. On average, dirty tanker freight rates dropped by 4% from the previous month, mainly on t...
Tanker Begins Delayed Oil Loading at Libya's Hariga
Libya >> 5/19/2016 - A tanker that had been blocked for three weeks in a stand-off over oil exports at the eastern Libyan port of Marsa al-Hariga entered the port and began loading, officials said. ...
Tanker Market - May 2016
Austria >> 5/13/2016 - Dirty tanker market sentiment weakened in general in April, as average spot freight rates dropped on many routes in different regions. On average, dirty tanker freight rates declined by 6%, compared...
Tanker Market - April 2016
Austria >> 4/13/2016 - Following a decline from the previous month, freight rates in the tanker market saw a relative recovery month-on-month in March, increasing particularly in the dirty tanker market. This was mainly s...
Huge Oil Tanker Traffic Jam Builds at Iraq's Basra Port
Iraq >> 4/6/2016 - A traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to loading delays, with some waiting up to three weeks and costing ship operators around $75,000 a day per...
Tanker Market - March 2016
Austria >> 3/14/2016 - Following a drop the previous month, average dirty tanker spot freight rates declined further in February by 15% to stand at WS77 points. Lower rates were seen in all reported dirty classes in Febru...
Tanker Market - Febrauary 2016
Austria >> 2/11/2016 - Freight rate for dirty tanker ship owners showed a continued increase in January. On average, dirty tanker freight rates rose by 3% from the previous month, influenced by higher freight rates achiev...

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