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Big Oil's dream of USD 65 billion hidden off Norway is fading away

Norway's two biggest parties have long favored steps that could open up the environmentally sensitive area Lofoten for oil exploration. But many Norwegians are turning their backs on the industry that helped make the country one of the world's richest.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

Concordia Maritime in new fleet expansion

The listed tanker carrier has signed two new charter contracts which, according to CEO Kim Ullman, confirm the carrier's positive outlook for the product tanker market from mid-2018.

Euronav hires IT systems supplier to manage its fleet

Belgian tanker carrier Euronav has IT firm Logimatics to supply its 52-vessel fleet with fleet management tools in order to optimize operations. "A considerable order for us," says the head of sales at Logimatic, Hans Christian Jensen, to ShippingWatch.

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