Pertamina International Shipping chief executive Yoki Firnandi has been arrested in connection with an alleged $12bn corruption scandal involving the procurement of crude oil and oil products.

Angola’s Sonangol is lining up suezmax crude tanker newbuildings in South Korea. Shipbuilding sources report the state-controlled oil company has returned to HD Hyundai Heavy Industries for a ...

Spanish energy company Moeve has inked a contract with RFOcean for a series of 6,600 dwt chemical tankers currently under construction in China. Frederik Rye-Florentz-led RFOcean, which controls a ...

The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of ...

Greek owner Velos Shipping has bolstered its tankers business with a secondhand chemical carrier from Easterly Asset Management’s Maritime Logistics Equity Partners. Velos Tankers has snapped up ...

Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a contract for a large deepwater 4D OBN reservoir surveillance program by US supermajor ExxonMobil in Guyana.

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In ...

To get from Budapest, the capital of landlocked Hungary, to Trieste on Italy’s Adriatic coastline, containers need to travel more than 550 km, including across the breadth of neighbouring Slovenia.

Oaktree Capital Management is cashing out of shipmanagement giant OSM Thome, with investors linked to JP Morgan Asset Management’s Global Transportation Group coming onboard in its place.

This IMO session has seen those with business interests in biofuels seeking to cover up the facts that, although CO2 production is ‘lower’ in biofuel blends, the energy density is also lower ...

Other suggestions floated by the USTR to claw back some maritime control call for greater use of American-flagged ships. The trade office is calling for 1% of US export products to be moved on US ...

As part of this, the chairman of the Saipem7 will be designated by Siem Industries and the CEO will be designated by CDP Equity and Eni – this role will most likely fall to Alessandro Puliti ...