Fuel storage tanks were in flames and some terminals were closed at the Omani port of Salalah after an attack by Iranian drones. It was the second strike on the port since war broke out between the US ...

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The International Energy Agency’s 32 member states have agreed the biggest release of strategic oil reserves in history. The release was announced on a day that saw forward freight agreements surge in ...

According to a filing with the US Securities and Exchange Commission, Glickman intends to sell 700,000 ordinary shares, carrying an aggregate market value of $20.2m. The transaction will be executed ...

Interests of JP Morgan have inked a KRW 400.1bn ($268m) contract to build three suezmax tankers at Samsung Heavy Industries in South Korea. SHI said on Tuesday that it had won an order to build three ...

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UK-based Union Maritime has been busy securing clean tanker capacity as spot and term rates soar. The Laurent Cadji-led private owner is reported by brokers to have taken four MR vessels on period ...

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A flotilla of Chinese tankers is heading to the Red Sea as the country looks to pick up its Saudi Arabian oil imports. China — the world’s largest crude oil importer —is expected to bring in 2.1m ...

Awilco LNG has unveiled its long-teased new trading venture and is aiming to complete a first trade within months. Chief executive Jon Skule Storheill said the company has employed Ben Freeman and ...

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Nantes-based V.Ships France already manages several MOL vessels, including its fleet of LNG bunker ships. MOL said the new gas carriers will be delivered in 2027 under charter to ...