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"We wish to convey our sincere thanks to your organization which has been professionally handling our biz since 2003. We would like to take this opportunity to thank everyone of your staff members who supported and helped us during the hard times and gave us workable solutions and ideas to reach our business objectives. Al Rana Equipment & Machinery Trading Eng. Bassam Nowfat - Managing Director"

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Regional News


A fully laden Iranian suezmax belonging to NITC has been hit by two explosions in the Red Sea, while en route to Syria, with vast quantities of crude gushing from its breached hull.

The 1999-built Sabiti is the third Iranian ship to run into trouble in the area in the last six months with two other tankers breaking down near Saudi Arabia.

Local media in Tehran are reporting the suezmax was struck near Jeddah by two missiles with the ship’s owner suggesting the tanker had been hit by a terrorist attack. The ship has been stabilised by its crew, who are all reported to be safe.

In the last six months tanker tensions between Iran and the west have seen a number of ships hit by explosives, and other vessels detained.

News of this latest attack around one of the world’s key oil arteries is expected to send red hot tanker freight rates even higher today, with the $200,000 a day landmark being broken for VLCCs.