Under the terms of the deal, Bahri will pay 10 per cent upon signing the purchase agreement, with the remaining 90 per cent due upon delivery of the vessels. The company expects…
Tag: tanker
Philippine tanker carrying 1.4 million litres of oil capsizes off Manila
Manila: A Philippine-flagged tanker carrying 1.4 million litres of industrial fuel oil capsized and sank off Manila on Thursday, authorities said, as they raced to contain a spill. The MT Terra Nova…
Singapore works to clean up 30km oil slick after tanker accident
Singapore: Like most residents in Singapore’s expensive seaside enclave on the resort island of Sentosa, Odhran Dodd’s weekend began with the stink of oil fumes. “Oh, you could smell it from seven…
ADNOC Logistics & Services to acquire tanker fleet operator Navig8
Under the terms of the agreement, ADNOC L&S will acquire 80 per cent of Navig8 for Dh3.8 billion, with the economic ownership transfer effective from January 1, 2024. It intends to acquire…
Oil climbs 3% as Red Sea tanker attacks prompt reroutings
Brent crude futures were up as much as $2.33, or 3.1 per cent, to $78.88 a barrel, while US West Texas Intermediate crude rose $2.27, or 3.2 per cent, to $73.68. Both…
BP to pause all oil tanker transits through the Red Sea
The world’s largest container shipping companies have said over the past several days that they would put shipments through the waterway on hold following the wave of attacks. Several tanker owners also…