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Middle East Crude Oil Flow from Hormuz Returns to Pre-War Levels
Tankers are passing through the Strait of Hormuz with security measures in place. Reports indicate that this traffic has...
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Oil and Petrochemicals
Kuwait and Saudi Arabia Sign $1.65 Billion Contract for the Arash Gas Field
Kuwait and Saudi Arabia have signed a contract worth $1.65 billion for the development of the Arash gas field. This gas...
Oil and Petrochemicals
Attack on Yanbu Oil Port in Saudi Arabia by an Unknown Project
The Yanbu oil port in Saudi Arabia caught fire due to a collision with an unknown project. This incident occurred after...
Oil and Petrochemicals
Deployment of U.S. Patriot Batteries in Saudi Arabia and Qatar for Energy Infrastructure Protection
The U.S. has transferred two additional Patriot missile defense batteries to Saudi Arabia and Qatar. This action is aime...
Oil and Petrochemicals
Another Oil Tanker Targeted in the Strait of Hormuz
An oil tanker was recently attacked while passing through the Strait of Hormuz. This attack is part of increasing concer...
Rent and Money Laundering
New U.S. Sanctions on Iran's Shadow Banking and Rail System
The U.S. has imposed new sanctions on Iran's shadow banking and rail system. These actions aim to limit Iran's oil and t...
Revelation
Britain Imposes New Sanctions on Russian LNG Tankers
Britain has recently imposed new sanctions on the new fleet of Russian LNG tankers. These sanctions are aimed at increas...
Oil and Petrochemicals
VLCC Tanker Prices Hit Record in the Second-Hand Market, 49% Higher than New Prices
The prices of second-hand VLCC tankers have significantly surpassed the prices of new tankers, setting a new record. Thi...
World
Cargo ship Västerbotten temporarily detained by Russian authorities
The cargo ship Västerbotten, en route from Sweden to Estonia, was temporarily detained by Russian authorities for inspec...
Oil and Petrochemicals
COSCO SHIPPING Begins Transit Through Suez Canal with OOCL Portugal
COSCO SHIPPING began its transit through the Suez Canal with the tanker OOCL Portugal on October 4, 2025. This event mar...
Technology
New Research Estimates the Cost of Building a Nuclear Tanker to be 2.5 Times Higher than a Conventional Tanker
Recent research shows that the cost of building a nuclear LNG tanker is approximately 2.5 times higher than that of a co...
Oil and Petrochemicals
Transpetrol Sold the Oil Tanker TP Affinity
Transpetrol Maritime Services sold the oil tanker TP Affinity for 73 million dollars to Turkish buyers. This move is par...