Pictures obtained by the Maritime Executive show that the salvage operation to recover the cargo of crude still on board the Caroline Bezengi, stranded on rocks off the southwest tip of Jazirat Al Qibliyyah, is well underway. Al Qibliyyah is the…
France has started drafting a UN Security Council resolution in coordination with the United States on setting up an international mission to restore movement in the Strait of Hormuz, diplomats said on Tuesday.Paris has unsuccessfully attempted in the past to…
Saudi Arabia on Tuesday denied an Iraqi claim that it had bought 25 oil tankers, saying the information was inaccurate, after Iraq linked the alleged purchases to a sharp increase in the cost of shipping its crude.Iraqi Oil Minister Basim…
Saudi Aramco loaded about 14 million barrels of crude oil on seven VLCCs inside the Persian Gulf on Sunday, data from TankerTrackers.com showed, as the kingdom increased loadings from gulf export terminals after an attack disrupted shipments via its east-west…
Commodities trading giant Trafigura is spinning out a newly public company, Volare Shipping, which will be an operator for VLCC tankers. The move comes as the crude oil tanker market is enjoying a major boom, and the new company positions…
Iran hit another tanker on September 21 in the Strait of Hormuz, causing injuries to two seafarers and maintaining its assertion to have control over the waterway.
