Russian insurance boosts oil exports to India's top buyer
Data from sources in the shipping and trade industries shows that Russian insurers play a greater role in facilitating oil shipments by Russia to India, which is its largest buyer. This helps to protect Moscow's…
Russian insurance boosts oil exports to India's top buyer
Data from sources in the shipping and trade industries shows that Russian insurers play a greater role in facilitating oil shipments by Russia to India, which is its largest buyer. This helps to protect Moscow's revenue from exports despite Western sanctions.
BW Offshore Posts Rise in Profits
Operating revenues for Q2 2015 amounted to USD 243.7 million, an increase of USD 6.9 million from last quarter. EBITDA for the second quarter amounted to USD 105.0 million, an increase of USD 11.8 million from USD 93.2 million in Q1 2015.
SBM Offshore Completes $1.55 bln FPSO Financing
SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history. Project financing was…
Kemp: Oil-by-Rail Shipments Playing Russian Roulette
Train derailments involving crude oil and ethanol in the United States will cost more than $18 billion over the next 20 years, according to an assessment by the U.S. Department of Transportation. USDOT forecasts…
Maritime & Offshore Employment: Contractors, Coverage and Confusion
Faststream USA Managing Director Eric Peters defines the risks in hiring contract workers in today’s marine and offshore markets, and lays out the course to mitigating those headaches. Recruitment, insurance and…
NITC: Says EU Sanctions Lifted
European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU failed to appeal against a court ruling that ordered the measures to be lifted, the shipping company said on Tuesday.
Iran Oil Tanker Firm Still Faces Sanctions
Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even after a top court has annulled its blacklisted status in the European Union.
LISCR Welcomes Liberian Legislation
The Advisory Board of the Liberian International Ship & Corporate Registry (LISCR), at its inaugural meeting, held in conjunction with the Annual Conference of the Connecticut Maritime Association, in Stamford…
