Under the contract, which begins this year, Crowley will provide lightering and transportation of 4m gallons of fuel annually for the radar and aircraft refuelling station and its 180 personnel

Meanwhile, Chinese tanker owner expects to see a surge in net profits for 2020, despite the Yuan840.9m ($130m) impairment provisions made for 10 aged oil tankers

The deal will grant Trafigura access to output from two large oil clusters that are expected to start exporting crude from 2024

Environmental groups blast the new rules on restrictions of HFO use and carriage in the Arctic Sea, which come into effect in mid-2024 with exemptions until mid-2029, but governments stand firm in their support of the regulations

Melting Arctic ice has long tempted shipping with its potential to slash travel times, costs and emissions between Europe and Asia. But its punishing logistics, fragile environment and geopolitics make the region’s future far from clear

DSME will deliver six LNG carriers to unidentified European shipowners by July and December 2023. The client has been reported as Russian gas producer Novatek