As the House of Representatives begins probe of 20 international oil companies alleged to have colluded…
Category: News
Samsung Heavy says $776m order for FPSO facility cancelled
Samsung Heavy Industries Co Ltd said on Friday that a 907.6 billion won ($776.8 million) order…
OPEC to meet non-OPEC producers on Dec. 10
The Organisation of the Petroleum Exporting Countries (OPEC) will on Dec. 10 meet with non-OPEC countries…
Sanusi advises Buhari to jettison $30b loan plan
The Emir of Kano, Sanusi Lamido Sanusi Friday kicked against plans by President Muhammadu Buhari to…
Vice President Osinbajo condemns Nigeria’s quota system, insists on merit
Vice President Yemi Osinbajo has identified the importance of merit in giving reward and said that…
Indian moves to paperless customs operation
Cargo clearance at Indian seaports and airports would now be quicker as Customs authorities eliminate most…
Daewoo Shipbuilding to cut 22% of workforce in another restructuring plan
South Korea’s Daewoo Shipbuilding & Marine Engineering Co. has launched another downsizing program ahead of additional…
Canadian ports set to take market share from US counterparts
The debacle at the US west coast ports last year has presented an opportunity for Canadian…
UK ports detain 3 foreign flagged vessels in November
Three more foreign flagged vessels were detained in UK ports during November 2016 after failing Port…
Shanghai maritime court orders firm to pay ship crew
Shanghai Maritime Court has ordered the owner of the crude oil tanker Amba Bhakti to pay…
Korea’s ‘Big 3’ shipbuilders suffering from delayed offshore plant deliveries
Korea’s “Big 3” shipbuilders are suffering from a curse of low oil prices. They are suffering…
VLCCs rates set to slide ahead of holidays
Freight rates for very large crude carriers (VLCCs), which are hovering close to the multi-month highs…