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The lonely drifting oil tanker that signals OPEC's struggle

Tanker vessel Saiq is floating idly at sea, south of the Canary Islands, in search of a customer for its oil cargo, and the vessel seems emblematic of a broader trend in the physical oil market.

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Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Wärtsilä's Chinese venture pays off

Finland's Wärtsilä is betting on the Chinese market and has now won a contract to supply 16 engines to four new LNG vessels, states the company, adding that this order confirms growth in the country.

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