Iran: ‘cowardly’ attack will not go unanswered

<a href= “https://www.youtube.com/watch?v=kQ7DgGogd24” >watch on YouTube</a> Iran has warned that what it called a “cowardly” attack on one of its tankers off Saudi Arabia on Friday will not go unanswered. A government Source: http://www.tradewindsnews.com

October 14, 2019
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SFL starts moving Frontline shares, makes $18.2m

SFL Corp’s Frontline sell-off has begun. According to Securities and Exchange Commission filings after the close Friday, SFL Corp sold off 1.6 million shares in its John Fredriksen-backed sibling in five blocks Thursday and Friday, netting the company $18.2m. Tanker owner Frontline filed Source: http://www.tradewindsnews.com

October 11, 2019
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BW LNG firms up two newbuilding options at DSME

Shipowner BW LNG has added to its LNG carrier tally by firming up two optional newbuilding slots it was holding at South Korean shipbuilder DSME. DSME said it had won an order for two 174,000-cbm LNG carrier newbuildings priced at KRW 446bn ($376.1m) in total or around $188m each. The shipyard did not name the owner invovled except to say it was a client from the Americas. But shipbuilding sources…

October 11, 2019
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Oil spilling as Iranian tanker explodes off Jeddah in ‘terror attack’

Iran is claiming one of its tankers has been set on fire in a “terrorist attack” off Saudi Arabia. The semi-official Iranian news agency Isna said on Friday that the NITC vessel exploded 95km off Jeddah. The ship has suffered severe damage and oil is spilling into the Red Sea, unnamed sources told the agency. The crew is safe. State-owned National Iranian Oil Corp (NIOC) claimed two separate explosions were…

October 11, 2019
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Oil spilled as Iranian tanker explodes off Jeddah in ‘terror attack’

Iran is claiming one of its tankers was set on fire in a “terrorist attack” off Saudi Arabia on Friday morning in an incident that will raise already high tension levels in the region. Timeline of terror May 10: US warns of potential Iranian attacks on ships in the Gulf May 12: Four tankers suffer explosions just outside Strait of Hormuz, blamed on Iran June 13: Two more tankers attacked…

October 11, 2019
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Zodiac Maritime scores strong rate from Trafigura

Trafigura has chartered an LR2 from Zodiac Maritime Agencies at what appears to be a strong rate as the healthy crude tanker market spills over into the product carrier sector. The Dutch commodities trader has fixed the 114,000-dwt tanker Tavistock Square (built 2019) Source: http://www.tradewindsnews.com

October 11, 2019
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SFL could break up with Fredriksen sibling Frontline

SFL Corp could be looking to divest itself from sibling Frontline in a move that could net the bulker owner more than $100m. John Fredriksen’s tanker owner Frontline disclosed in Securities and Exchange Commission filings Wednesday that fellow Fredriksen-backed company SFL might Source: http://www.tradewindsnews.com

October 10, 2019
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LNG cargoes set to keep rolling out in oversupplied market

ExxonMobil stopped short of taking an expected final investment decision (FID) this week on its 15.2 million tonnes per annum Rovuma LNG project in Mozambique, with the anticipated green light now pushed into 2020. But this appears to be just a hiccup in a year that has already seen a whopping 63.1 mtpa of new liquefaction capacity sanctioned for projects in the US, Mozambique and Russia, with potentially more to…

October 10, 2019
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