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OIL TANKER SHIPPING
- Swan Defence and Heavy Industries Ltd set to win Rs 1,897 crore tanker order
Swan Defence and Heavy Industries Ltd is set to secure a major contract with state-owned companies for the construction of four dual-fuel r...
MEA condemns attacks on two vessels in Hormuz region, calls for de-escalationThe Ministry of External Affairs condemned drone attacks on two commercial vessels in the Strait of Hormuz. MT Petro Dolphin and MT Valther...
Oil is moving through the Strait of Hormuz again, why are gas prices still above $4.30?Traders are still worried that fresh fighting could damage oil facilities and disrupt supplies. Saudi Arabia’s East-West pipeline is one ex...
Iran's Guards say tanker exploded after hitting mine in Strait of HormuzIran's Revolutionary Guards said on Saturday that an oil tanker had exploded and caught fire after hitting a naval mine while transiting th...
22 Indian crew safe after drone attack on Panama-flagged tanker off SharjahUnion Minister Sarbananda Sonowal confirmed that all Indian crew members aboard the MT GEM NO. 2 are safe. The vessel was targeted in a dro...
Oil Price Today (October 9): Crude oil dips 1% to $103 as Trump rules out Iran attack before midterm elections. What are analysts saying?Brent crude fell 1% to $103, while West Tax Intermediate was down 0.75% to $90.5. In the previous session, Brent crude futures settled $4.0...
Attack risks rise for tankers as Iran vows to block more Hormuz routesTankers face growing risks of attacks and intimidation while navigating the Strait of Hormuz after Iran warned regional countries against o...
India miffed over 'Ukrainian' drone strike on oil tankerAa Ukrainian drone assault targeted the Liberian-flagged Aframax Rio, carrying Indian citizens off the coast of Sochi. Fortunately, all 23 ...
Oil rises as Middle East supply concerns persist amid shipping attacksRising oil prices are driven by persistent supply concerns from the Middle East. This month has seen a surge in attacks on shipping in the ...
Iranian official says 'illegal routes' in Strait of Hormuz to soon be blockedIran's Revolutionary Guards have announced intentions to close illegal transit routes in the Strait of Hormuz. These routes allegedly facil...
Tanker attacks in Hormuz hit highest of any week since start of US-Iran warAttacks on tankers in the Strait of Hormuz reached unprecedented levels during the week of September 28 to October 5. There were at least 1...
Oil tanker captains are being offered over $100,000, plus bonuses, to cross HormuzOil tanker captains are currently receiving extraordinarily high salaries due to increased risks while transiting through the Strait of Hor...
23 Indian seafarers reported safe after Ukrainian drone attack sets fire to oil tanker off Russian coastA Liberian-flagged oil tanker carrying an Indian crew caught fire off Russia's Black Sea coast following a Ukrainian drone attack, with all...
Ukraine drone attacks oil tanker off Russia’s Sochi with 23 Indians aboard, all rescuedUkraine struck an oil tanker off the southern Russian coast on Tuesday evening, triggering a huge fire and black smoke cloud that blanketed...
Middle East oil exports are recovering despite Strait of Hormuz tanker attacks, but the bigger problem is getting crude safely to buyersMiddle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional meth...
First time in decades Iraq set to move its oil beyond the Strait of HormuzIraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is sig...
India oil refiners change tactics and hire ships to cross HormuzIndian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply ch...