First LNG dual-fuel Suezmax oil tanker delivered in China

Built by China Guangzhou Shipyard International (GSI), the world’s first LNG dual-fuel Suezmax oil tanker was delivered in southern China’s Guangzhou. The 158,000-dwt vessel is the largest LNG dual-fuel green tanker in south China.The vessel is about 274 meters long, 48 meters wide, and 23.7 meters deep. It meets the Tier III emission standards promulgated

Indian oil refiners are snapping up cheap Russian crude

Indian refiners are loading up on Russian oil as prices of the nation’s crude plunge to unprecedented lows. Processors from the world’s fastest-growing importer bought about 6 million barrels of Urals crude from the Black Sea port of Novorossiysk in recent days, traders said. That’s the most India has purchased in at least three years,