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Digital Editions

mag archive 230

News

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19
Jun 2019

Led by declines in marine fuel and heavy distillates, oil product stockpiles at the Port of Fujairah fell by 10% in the past week to the lowest level in almost five months.

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19
Jun 2019

A loan of up to 110 billion yen to be provided by the Japan International Cooperation Agency (JICA) will be used for the installation of a new fluid catalytic cracking (FCC) complex at the Basrah facility, one of the biggest oil refineries in Iraq.

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17
Jun 2019

Israel-based Oil Refineries (ORL) has reportedly delivered its first cargo of very low sulphur fuel oil (VLSFO).

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14
Jun 2019

Following the attacks on the tankers Front Altair and Kokuka Courageous  on Thursday (13 June), the Norwegian Maritime Authority (NMA) has raised the security level for the Strait of Hormuz and advised Norwegian-flagged vessels to ‘keep well clear of Iranian territorial water’.

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13
Jun 2019

The International Maritime Organization (IMO) Secretary-General Kitack Lim has condemned the suspected attacks on two tankers off the coast of Oman.

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13
Jun 2019

Crude oil prices have staged something of a rebound, following reports of attacks on two tankers in the Gulf of Oman.

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29
May 2019

Oil products climbed for a third consecutive week, led by gains in jet fuel and other middle distillates, including marine gasoil, according to Fujairah Oil Industry Zone data.

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23
May 2019

The oil and gas giant is reported to have hired five new people, including two Singapore-based traders, at the Middle East bunkering hub as it seeks to further expand its trading business.

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20
May 2019

Following the attacks on four tankers in Fujairah on 12 May, Lloyd’s Market Association’s Joint War Committee (JWC) has added the United Arab Emirates (UAE) to its list of area at risk from war, piracy, terrorism and related perils.

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20
May 2019

Under the terms of new joint venture and concession agreements, MSC subsidiary Terminal Investment Ltd has committed to support the development of container handling at the port.

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