Historic disruption to Saudi oil supply to have severe implications for oil and tanker markets

Global spare production capacity is not enough to compensate for the decline in Saudi Arabia’s oil production after the recent attacks on two of the country’s oil facilities and the consequent inventory drawdown will therefore underpin oil prices and adversely affect tanker demand if supplies take...

https://www.hellenicshippingnews.com/historic-disruption-to-saudi-oil-supply-to-have-severe-implications-for-oil-and-tanker-markets/

Maritime Cyprus: Blue Growth Strategy Underway in Cyprus, as 4.5% of the World’s Fleet is Managed By the Country

Decarbonisation, technological transformation, increasing regulation and the tough markets of recent years are all increasing the complexity of the current business environment and challenging the effectiveness of traditional business models. With all this change affecting every aspect of our work...

https://www.hellenicshippingnews.com/maritime-cyprus-blue-growth-strategy-underway-in-cyprus-as-4-5-of-the-worlds-fleet-is-managed-by-the-country/

FRO – Expiration of options to purchase additional Suezmax tankers

Reference is made to the notice of 23 August 2019, whereby Frontline Ltd. announced an agreement with Trafigura Maritime Logistics (“TML”), a wholly-owned subsidiary of Trafigura Pte Ltd (“Trafigura”) and certain related entities, to acquire ten Suezmax tankers, with two separate options to acquire...

https://www.hellenicshippingnews.com/fro-expiration-of-options-to-purchase-additional-suezmax-tankers/

ABS Announces LNG Cargo Ready Notation for Ethane Carriers at Gastech 2019

ABS launched the industry’s first LNG Cargo Ready notation, at Gastech 2019. The development was announced at a joint event with GTT, highlighting progress towards delivering “LNG Cargo Ready” ethane carriers. The ABS LNG Cargo Ready notation confirms that an ethane carrier is capable of future...

https://www.hellenicshippingnews.com/abs-announces-lng-cargo-ready-notation-for-ethane-carriers-at-gastech-2019/