Middle East Crude oil-Tanker Rates Slump asShipSurplus ExpandsBusinessweekThe supply of supertankers available in the Persian Gulf over the next four weeks expanded by five to 73ships, according to an e-mailed note from Marex Spectron Group today. The combined carrying capacity of the world VLCC fleet will expand 5.1...and more†Ľ
In its latest weekly report, London-based shipbroker Gibson noted that India could soon emerge as a decisive factor in providing a boost in the tanker market. According to the shipbroker,"over the past ten years, India‚Äôs crude oil imports have more than doubled to accommodate the country‚Äôs growing population and expanding economy. This has driven
Tug Fairmount Sherpa has safely delivered rig GSF Arctic I in Las Palmas. The rig has been towed from offshore Rio de Janeiro, Brazil, to Las Palmas de Gran Canaria, Spain. GSF Arctic I is a semi-submersible drilling rig for deepwater operations, owned by Houston based Transocean.