NOC halts crude tanker loadings at Zawiya

Libya’s National Oil Corporation (NOC) has declared a force majeure on crude oil loadings at Zawiya port after sabotage. Liftings were halted on Saturday after “an unlawful Sharara pipeline valve closure by an unidentified group between Hamada and the Zawiya port the previous evening.” Production was suspended. Around 290,000 barrels per Source:

July 22, 2019

Iran, Tankers and the Threat of Greater Destruction

New audio of the seizure of a British-flagged tanker indicates the vessel was too far away from help to avoid being forced to change course by Iranian Paramilitary forces last week.  In audio released on Sunday by a maritime security firm, a British officer unsuccessfully demanded freedom to sail through the Strait of Hormuz.  Ships …

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July 22, 2019

FREE CSOA REPORT: Iran Seizes British Tanker

Published on July 21, 2019 by Johanna Loock   ·   No Comments July 19: On July 19, the Iranian Revolutionary Guard Corps Navy (IRGC(N)) intercepted two vessels in the Strait of Hormuz –UK flagged oil/chemical tanker STENA IMPERIO and UK owned crude carrier MT MESDAR. MESDAR was released several hours later. July 19: On July 19, the Iranian Revolutionary Guard Corps Navy (IRGC(N)) intercepted two vessels in the Strait of Hormuz –UK…

July 21, 2019

Iran strikes in Strait of Hormuz as Middle East tanker tensions explode

A UK-flagged tanker owned by Stena Bulk has been seized by Iran and another UK-connected ship detained during a dramatic escalation of tensions between London and Tehran. On Friday morning local time, the UK-flagged 49,638-dwt Stena Impero (built 2018) was taken by the Iranian Revolutionary Guard while transiting international waters in the Strait of Hormuz. The Islamic Republic said the ship was “violating international regulations”, a claim Stena Bulk has…

July 19, 2019

Cosco tanker unit forecasts first-half profit return

Cosco Shipping Energy Transportation (CSET), the tanker arm of state conglomerate China Cosco Shipping, has forecast stronger first-half results on better performances of its crude and LNG shipping divisions. Unaudited results showed net profit of the Shanghai- and Hong Kong-listed company ranged between Source:

July 18, 2019

Hunter Group hires Swedbank executive as new finance chief

Arne Fredly’s Hunter Group has hired Swedbank corporate finance executive Lars M Brynildsrud as its new chief financial officer. Brynildsrud will work alongside chief executive Erik Frydendal who had previously held both positions. Hunter has made its move as it gears Source:

July 17, 2019

Union Maritime grows crude tanker fleet with Cosco order

Laurent Cadji’s Union Maritime has boosted its crude tanker fleet with an aframax order in China. It has placed two firm vessels at 113,000-dwt tankers Cosco Shipping Heavy Industry Zhoushan with options for two more. The move continues Union’s expansion in Source:

July 12, 2019