Category: Shipping
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Saudi Arabia to resume oil exports through Red Sea lane
[ad_1] Top oil exporter Saudi Arabia said on Saturday it would resume all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb, the state news agency SPA reported. Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers by Yemen’s Iran-aligned Houthi movement.…
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Fewer people leaving the UAE in 2018, says shipping company boss
[ad_1] Shipping volumes for expats returning home have “come down drastically” this year compared to the same period in 2017. Abhilash Nair, regional manager of the removal division at ISS Worldwide, one the leading international shipping companies in the country, told Arabian Business: “We’re down between 12 and 15 percent compared to last year, and…
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Oman Shipping reports rapid growth for new VLCC chartering desk – Oman
[ad_1] The spot chartering desk set up in May 2017 offers very large crude carriers (VLCCs) to major traders and charterers transporting crude and fuel oil worldwide. In a press release, OSC’s general manager commercial, tankers and gas, Debasish Mohapatra said, the desk has concluded more than 110 fixtures with a total of 24 charterers…