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Al Seer Marine expands fleet, takes delivery of 2 new MR tankersAl Seer Marine, a frontrunner in various maritime industries and a subsidiary of International Holding Company, recently took delivery of two tankers -- MT Betelgeuse and MT Bellatrix. These are the first two in a series of six New Building me More… |
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Motorcity delivers fleet of Hino to NamcoMotorcity, the sole distributor of Hino commercial vehicles in Bahrain, has recently supplied a fleet of Hino trucks to Nasser Abd Mohammed Company (Namco) specialised in the oil and gas industry. Namco took de More… |
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Gulf Navigation seals refinancing deal for 5 petchem tankersGulf Navigation Holding (Gulfnav), a leading maritime and shipping company, has completed the transaction of refinancing five petrochemical tankers, under new and preferential terms, the company said. The More… |
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Gulf Navigation seals refinancing deal for 5 petchem tankersGulf Navigation Holding (Gulfnav), a leading maritime and shipping company, has completed the transaction of refinancing five petrochemical tankers, under new and preferential terms, the company said. The More… |
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Low oil, Covid create volatile year for shipping: reportThe coronavirus pandemic caused a major disruption across the global economy with the collapse in oil demand and new lockdowns leading to an immensely volatile year for the shipping market, a report said. The market analysis by th More… |
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Low oil, Covid create volatile year for shipping: reportThe coronavirus pandemic caused a major disruption across the global economy with the collapse in oil demand and new lockdowns leading to an immensely volatile year for the shipping market, a report said. The market analysis by th More… |
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Covid-19: Oil glut moves from tanks to tankersTotal oil floating storage grew an estimated 220 million barrels per day (b/d) since mid-March, a report said, noting that Covid-19 has created a historic imbalance in the global oil market, forcing crude stocks to grow at a dizzying pace. More… |
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Saudi may re-route tankers if US imposes crude import banSaudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Kingdom, a Reuters report has said quoting shipping and trade More… |
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ADIB provides $80m funding for Oman ShippingAbu Dhabi Islamic Bank (ADIB), a leading financial institution, has signed an agreement to provide a $80 million Shariah-compliant Ijara facility to Oman Shipping Company (OSC), a member of the Asyad Group, for the financing of two VLCC More… |
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ADIB provides $80m funding for Oman ShippingAbu Dhabi Islamic Bank (ADIB), a leading financial institution, has signed an agreement to provide a $80 million Shariah-compliant Ijara facility to Oman Shipping Company (OSC), a member of the Asyad Group, for the financing of two VLCC More… |
