Saudi Arabian VLCC giant storms ahead on crude oil
Saudi Arabian tanker behemoth Bahri delivered a strong 2015 in which the company's VLCC fleet in particular benefited from the low oil prices and the booming tanker market.
BY DANIEL LOGAN BERG-MUNCH
Tanker carrier Bahri, also known as National Shipping Company of Saudi Arabia, improved its result by all of 240 percent in 2015 compared to the previous year, writes the company in a financial statement.
CII: IMO’s new climate regulation, CII, is liable to undermine its own intentions, German carrier Oldendorff warns. CII fails to view situation in its entirety, which may lead to an increase in emissions.
CII: Although a new legal clause places the responsibility and bills for poor climate ratings with operators and carriers, this has not altered Seaspan’s negotiations with customers, the major shipowner tells ShippingWatch.