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Tanker

Huge LNG effort in Africa settled

US-based Anadarko invests USD 20 billion in an LNG project in Mozambique. A terminal will contribute to making the southeastern African country one of the largest LNG producers in the world.

Christiania Shipping ready to expand fleet following first profit

Costs have been cut to the bone at Christiania Shipping, and with the first operating profit secured, the next step for the former Herning Shipping is to renew its fleet and maybe participate in consolidations. CEO Axel Eitzen expects black figures on the bottom line for this year as well, he tells ShippingWatch.

Gulf of Oman tanker attack could spike rates

Last week's attack on two tanker vessels in the Gulf of Oman could cause tanker rates to spike significantly in the region, estimates analyst firm Platts. The increased risk could also cause an increase in insurance premiums.

Many tanker carriers have ships heading to the Gulf of Oman

Several tanker companies have ships headed for the Gulf of Oman and during the next few days they will decide whether to continue doing business in the region. There are concurrent reports of high day rates, the head of a larger tanker pool tells ShippingWatch.

Tankers may sail on ammonia from 2030

According to a study, ammonia is a viable fuel alternative in shipping's climate change mitigation efforts. From 2030, tankers may be able to sail on the ammonia they transport themselves, the company behind the report tells ShippingWatch.

Frontline hesitant to send more ships to the Gulf of Oman

Frontline is exercising "extreme caution" when it comes to sending more ships through the Gulf of Oman following last week's attack on two tanker vessels. Both vessels are now in the United Arab Emirates, while Frontline's crew is in Dubai.

Eitzen's new shipping company now reports an operating profit

A series of red figures have turned black at Axel Eitzen's shipping company Christiania Shipping, which has delivered an operating profit of USD 3.2 million for 2018. The bottom line was also improved dramatically, but that was due mainly to loan write-offs.

Frontline tanker attacked in waters off Fujairah

Vessel Front Altair, owned by John Fredriksen's tanker shipping company Frontline, is among two ships attacked off the coast of Fujairah in the Gulf of Oman. The crew of the Frontline vessel has been picked up, sources tell ShippingWatch.

Partner leaves Golar LNG's pool cooperation

GasLog leaves the pool partnership Cool Pool with Golar LNG, taking six vessels with it. This happens as a consequence of Golar LNG's plans to spin off its LNG vessels in an independent company.

Shell kicks off huge Australian LNG export

Oil major Shell has shipped its first cargo from major Australian LNG project Prelude. The project is expected to produce 3.6 million tons of liquefied natural gas annually.

State actor assumed to be behind attack on tanker ships

The United Arab Emirates, Saudi Arabia and Norway conclude in a new report to the UN Security Council that it was most likely a state actor that was behind last month's sabotage of four tanker vessels in Fujairah by the Gulf of Oman.

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