First FPSO vessel arrives in Persian Gulf

An official has reported on arrival of the first Floating Production, Storage and Offloading (FPSO) unit in the Persian Gulf to develop first phase of South Pars oil layer.

Port Deal Draws Post-Sanctions Iran Closer to India, Afghanistan

Iran took a step closer to energy-hungry Asian nations India and Afghanistan as it looks to recover from a decade of international sanctions.

Persian Gulf-Japan LPG freight rate near one-year high on tight VLGC availability

The freight rate for Very Large Gas Carriers plying the major Persian Gulf-Japan route with refrigerated LPG...

Higher Aframax freight rates in Persian Gulf prompt ships to ballast to region

Aframaxes plying on the East of Suez routes are ballasting to the Persian Gulf from Southeast...

Platts: VLCC Owners Gear Up for Persian Gulf Rate Spike

Worldscale rates for VLCCs on West Africa-to-Far East routes are at steep premiums to rates for Persian Gulf...

Persian Gulf to Japan clean LR 1 freight falls below w100 on oversupply

Asian freight rates for Long Range I clean tankers on the benchmark Persian Gulf to Japan route...

Persian Gulf VLCC rates hit near-six month low on refinery outages

VLCC rates on the Persian Gulf to East routes have hit their lowest level in almost six months...