When staff at CyberKeel investigated email activity at a medium-sized shipping firm, they made a shocking discovery.
OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources.
Global bunker supplier Aegean Marine Petroleum Network’s new leadership team is pursuing four main strategic initiatives — rationalizing the company’s global platform for asset optimization, executing cost saving initiatives, capitalizing on key business development projects, and generating new revenue streams — to grow the business amid challenging market conditions, the company said during its second-quarter earnings call.
The rebound of the dry bulk market could be in sight, despite looming signs that its momentum is about to slow down moving on to the final weeks of the third quarter and onto the fourth quarter of the year.
As part of an agreement between the European Union and the International Organization for Migration (IOM), Damen Shipyards Group has delivered two SAR 1906 vessels to the Turkish Coast Guard. The two vessels – the first to be delivered in what is a six-vessel contract – will be mobilised in refugee and migrant rescue operations.
LogistaaS has launched a new standalone Customers Relationship Management (CRM) solution that has been exclusively designed for freight forwarders, NVOCCs, and shipping companies.
Since its establishment in Dubai in 2003, Al Suwaidi Marine has achieved an enviable reputation in the boating industry. The company has long realized the role of the sea as a source of wealth to the Emiratis.
Grandweld Shipyards has secured a contract to design, construct and deliver four crew boats and six pilot boats for Kuwait Oil Company. The contract was signed on May, 2017 by Mr. Ismail Abdulla, Deputy Chief Executive Officer of Kuwait Oil Company, and Mr. Jamal Abki, General Manager of Grandweld Shipyards.
For decades, Asian oil buyers relished Tapis from Malaysia, Seria Light from Brunei, Duri from Indonesia, and Daqing from China. Now, as plunging regional output starves them of high-quality crude, they are developing a taste for something new.
Saudi Arabia’s Bahri, the exclusive oil shipper of Saudi Aramco, expects supertanker rates to stabilise at slightly better levels going into the fourth quarter, the vice president for commercial and operations of its oil business said.
A group of international shipping industry leaders will join forces at the 23rd session of the Conference of the Parties (COP 23) to the UN Convention on Climate Change (UNFCCC) in November to drive industry ambition and action on exploiting opportunities presented by decarbonisation.