Tanker goes missing with 22 crew members onboard
A UK-based tanker owner and operator said that it has lost communication with one of its tankers off the coast of West Africa. The 11,999 dwt, 2005-built product tanker Barrett which was at anchor off Benin, West Africa has not been heard from since January 9 this year. …
Read more16
JanOil regains prestige!
Brent crude oil prices hit $ 69 a barrel on Wednesday, marking the highest close since 1125 days (more than 3 years) and touching the $ 70 level. With Brent approaching $ 69.33, its prices have risen by 139.56% in two years, since January 10, 2016, then $ 28.94,…
Read more11
JanBurning tanker at risk of explosion as body found in search for crew.
A SEARCH continued on Monday for the crew of a damaged Iranian tanker still at risk of an explosion that could sink it following a collision at the weekend with a bulk carrier. The 164,154 dwt Panama-flagged Sanchi was carrying 136,000 tonnes of fuel to South Korea when it…
Read more09
JanLibya’s oil company wins arbitration cases over Ras Lanuf refinery.
The Libyan National Oil Corporation (NOC) has won two court rulings in arbitration cases, which date to 2013, and had been settled in its favor at the International Chamber of Commerce in Paris against the Libyan Emirati Refining Company (LERCO) – the owner and operator of the refinery – and…
Read more08
JanDirty Tankers West of Suez Commentary.
Aframax rates spiked in the Black sea, but sentiment remained soft in the Suezmax market due to the long tonnage list, sources said. Suezmax trading has been lively in the Persian Gulf which will reduce the number of ballasters heading west but demand is stagnant in West Africa, sources said….
Read more