Iran Nuke Deal Reached, Governments and Corporations Measure Ramifications
Wednesday, 15th July 2015
Iran and six world powers reached an agreement on Tuesday to lift sanctions against the Islamic Republic, and while U.S. and Iranian leaders have heralded the deal as a victory, the real winners could be corporations across the globe.
Talks Underway to Return Tankers, Shipping Lanes to Iran
Monday, 6th April 2015
Iran says it is expecting American shipping lines to visit its ports once the economic sanctions against it are lifted in light of the emerging comprehensive final agreement over the Iranian nuclear energy program.
Oil Oversupply Not Helping Old Tankers As Originally Anticipated
Monday, 16th March 2015
As tanker owners with aged VLCC tankers were looking for an opportunity in the scrap market, in order to send their vessels for demolition, the opportunity of floating storage plays rose, giving those older ship another lifeline
Iran: Latest European Tanker-Sanctions Driven by Politics
Thursday, 26th February 2015
Managing director of the National Iranian Tanker Company (NITC) rapped the European Union (EU) for putting the country's biggest tanker firm back on the list of sanctioned Iranian entities, slamming the move by the bloc as politically-motivated.
Kuwait: Exclusive Dry-Dock Maintenance Deal
Wednesday, 4th February 2015
In a celebration held at KOTC Head Office, Kuwait Oil Tankers Company signed a comprehensive dry-docking agreement with Bahrain-based Arab Shipbuilding & Repair Yard Company (ASRY), which is one of the world’s largest leading companies in ship and rig repair and maintenance industry.
Sudan says to release ships seized from S.Sudan
Saturday, 28th January 2012
Sudan said on Saturday it would free tankers carrying cargoes of South Sudanese crude it had seized earlier this month, in a push to defuse a row over transit fees between former civil war foes that both depend on oil for almost all their income.