The National Shipping Company of Saudi Arabia will spend $1bn to buy nine very large crude carriers (VLCCs) to modernize its fleet.
The tanker, over 100 metres long, reportedly overturned 25 nautical miles southeast of Ras Madrakah, close to the port of Duqm in Oman.
The EU is considering sanctions on Russian shipping giant Sovcomflot, to limit the country’s oil-based revenue as its war with Ukraine rages
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.
