rss icon Subscribe
desktop mobile

Torm Stops Taking Orders in Iran Due to US Sanctions

(Photo: Torm)

Danish oil product tanker operator Torm on Tuesday said it has stopped taking new orders in Iran as a consequence of U.S. plans to reimpose sanctions on Tehran.

"We follow the situation closely and always follow the rules. Therefore, we have also stopped taking new orders in Iran," a spokeswoman told Reuters.

Torm operates 79 oil product tankers worldwide.

The United States last week withdrew from an international nuclear accord with Iran and announced renewed sanctions against the country.

While it is still unclear how U.S. sanctions will affect output from the third-largest OPEC producer, the move has helped oil prices rise.


(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)

May 15, 2018

 

Tankers

S.Korea LNG Imports Set to Ease from Record

© alexyz3d / Adobe Stock

South Korean imports of liquefied natural gas are set to ease from record levels racked up in the

First of Six New LNG Carriers Delivered to BP

(Photo: BP Shipping)

BP Shipping has taken delivery of British Partner, the first of a half dozen new 173

Novatek Ships First LNG Cargo to China via Arctic

Eduard Toll (File photo courtesy Teekay)

Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas

Contracts

Keppel Wins FPSO, FSRU Contracts

In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc.

UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC

Image: ADNOC

The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.

Seadrill Gets ABS-Managed Pressure Drilling Notation

Image: ABS

ABS has announced it has issued the managed pressure drilling notation ABS MPD to Seadrill for the

Maritime Apps