
Oil Tanker Market: Prices of Old Ships Soar
Used tankers exceed the price of new ones. The rise in freight in the Gulf and maritime tensions are driving VLCC prices up.
Import/export, trade agreements, customs, and international commerce

Used tankers exceed the price of new ones. The rise in freight in the Gulf and maritime tensions are driving VLCC prices up.

The port services group “SIRBOR” is implementing a program to equip and modernize the ports with a total financial envelope estimated at 60 billion DZD aimed at increasing efficiency and reducing ship processing times, according to the CEO of the group, Ali Boularas. Boularas explained, on the waves of Algerian radio, that the total financial envelope allocated for the modernization of the ports is estimated at 60 billion DZD for 2025 and 2026 intended for the acquisition of new equipment […]

The Annaba port witnessed a new operation to export 26,000 tons of Algerian cement to the United States, as part of efforts to enhance exports outside the hydrocarbon sector and expand the presence of Algerian products in international markets. The operation involves shipping the quantity of cement, packed in large bags 'Big Bags', aboard the vessel 'MATILDA GS', for the benefit of the economic operator 'BISKRIA CIMENT', in preparation for its export to the American market. Watch the full content on Echourouk Online.

AL24 News - Oil prices rise by more than 3% to nearly $107 per barrel -

Algeria has emerged as one of the supply sources that enhance the resilience of the German gas system, at a time when Germany is heading into winter with unprecedented low storage levels. The CEO of the German company 'VNG' confirmed that the company's import portfolio has become more diversified and capable of facing supply disruptions, relying on gas contracts signed with Algeria and Azerbaijan, along with supplies coming through pipelines from Norway. According to Reuters, the CEO of 'VNG', Ulf Heitmüller, stated that the German gas system has become stronger compared to the energy crisis the country faced in 2022, thanks to the diversification of supply sources and increased...

The CEO of the port services group, Ali Boularas, revealed this Monday that the expansion works at the Arzew port have reached 61%, which adds significant value to the volume of trade as it is a port of great strategic importance in the western part of the country. During his appearance on the program 'Guest of the Morning' on the first radio channel, Boularas confirmed that the expansion works at this port will be completed by 2027, aiming for a total area of 55 hectares.

Oil prices rose by more than 1% at the beginning of trading this Monday. Brent crude futures increased by $1.82, or 1.74%, reaching $106.14 per barrel, while West Texas Intermediate crude futures rose by 1.23%, equivalent to $1.14, to reach $93.55 per barrel.

Algeria-Brazil trade reaches $2.3 billion over 8 months in 2026. Analysis of figures, trade balance, and opportunities.

Hassi R'mel, Tinhert, Rhourde Nouss: the 8 key projects of Sonatrach to strengthen gas and oil exports to Europe.

The certification and mutual recognition of standards determine the economic integration and Algerian exports under the AfCFTA.

At the Marmomac fair in Verona, a key agreement paves the way for Algerian marble exports to China. Analysis of the mining sector.

Mohamed Arkab and Haitham Al Ghais discuss the stability of the oil market and celebrate the 10th anniversary of the Algiers Agreement (OPEC+).