Iraq has set sights on creating a large fleet of modern oil tankers to transport the country’s crude, Reuters reports quoting a statement from the country’s Oil Minister.“The ministry wants to restructure the company’s mission to develo

A Liberian flagged cargo vessel identified as APL Austria has suffered a major fire offshore South Africa, the South African Maritime Safety Authority (SAMSA) said on Monday.The fire broke out on Sunday afternoon while the containership was

Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation has seen its full year net profit plunge to USD 3.7 million from a net profit of USD 32 million seen in 2015.Although the company’s net profit was dow

Singapore-based shipping company GC Tankers has sold two very large crude carriers (VLCC), which are being built by China’s shipbuilder Jinhai Heavy Industry, to Greek shipowner Marmaras Navigation, VesselsValue’s data shows. The price o