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: http://www.tradewindsnews.com
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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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…
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…
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: http://www.tradewindsnews.com
James Kidwell is leaving Braemar Shipping Services at what he sees as a natural breaking point but with some disappointment the company remains undervalued by investors on the London Stock Exchange. Kidwell’s exit was announced this morning to close the curtain on Source: http://www.tradewindsnews.com
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: http://www.tradewindsnews.com
Bob Burke’s Ridgebury Tankers is lining up the purchase of four suezmax tankers hot on the heels of a successful VLCC asset play, market sources say. Ridgebury is plotting the potential $82m move for four ships managed by Konig, TradeWinds understands. Source: http://www.tradewindsnews.com
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: http://www.tradewindsnews.com
Tanker markets are buzzing with talk of a VLCC sale which would mark a further escalation of asset values. Owners and brokers have been closely following NS United’s sale of the 299,999-dwt Aquarius Wing (built 2005), which attracted attention of a Source: http://www.tradewindsnews.com