Economy
Evalend Shipping cancels fourth new ship option at Dajin Heavy
Evalend Shipping has canceled the option to build a new 211,000 dwt ship at Dajin Heavy, which will have a minimal impac...
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Oil and Petrochemicals
Babak Negahdari Criticizes the Management of Public Companies in the Petrochemical and Oil Refining Industries
Babak Negahdari, Head of the Research Center of the Parliament, criticized the poor condition of public companies in the...
Oil and Petrochemicals
Nanjing Shipping Company Begins $28.7 Million Investment in Oil Tanker Fleet
Nanjing Shipping Company will invest $28.7 million in 10 oil barges to update its fleet. These barges are designed to se...
Oil and Petrochemicals
Siem Industries Orders Two New Marine Support Vessels with Huisman Cranes
Siem Industries has ordered two new marine support vessels from China and has chosen Huisman cranes for this project. Th...
Technology
70% Progress of the Spain-France Electricity Connection Project by Red Eléctrica
The electricity connection project between Spain and France has entered a new phase with 70% progress. This project will...
Oil and Petrochemicals
Petrobras Registers Its Third Oil Discovery in the Ultra-Deep Waters of Amapá
Petrobras announced its third oil discovery in the ultra-deep waters of Amapá in block FZA-M-59. This discovery helps st...
Economy
Global Strike of Dock Workers in 113 Ports Worldwide Against War
More than 25 labor unions in 113 ports across 22 countries have gone on strike and demonstrated. This global movement is...
Revelation
Mohammad Ali Izati announced the arrest of the mastermind of fuel smuggling in Hormozgan
Mohammad Ali Izati, the head of the Economic Security Police of Hormozgan, announced the arrest of one of the main agent...
Oil and Petrochemicals
SBM Offshore Signs Multi-Million Dollar Contract with Seatrium for FPSO Project in South America
SBM Offshore has signed a major contract with Seatrium for an FPSO project in South America worth over $156 million. Thi...
Oil and Petrochemicals
The U.S. Restores Oil Exports from the Strait of Hormuz to 80% of Pre-War Levels
Oil exports from the Strait of Hormuz have returned to about 80% of pre-war levels, but security threats continue to hin...
Oil and Petrochemicals
Oil Companies Face Rising Transportation Costs
The increase in tanker transportation rates has put significant pressure on major oil companies. This trend, according t...
Analysis
Warning from Christoph Toepfer about the Risks of the Maritime Transport Market
Christoph Toepfer, CEO of Borealis Maritime, warned about hidden risks in the maritime transport market at the Maritime...