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Thursday, December 3rd, 2020
Home » Tag Archives: VLCC

Tag Archives: VLCC

New Diamond oil tanker patched and ready to be towed: Navy

Large tanker. Men in smaller craft. Hazmat suit.

PortandTerminal.com, September 15, 2020 The Indian Navy is reporting that all leaks on the hull of the fire-stricken VLCC New Diamond, currently situated off Sri Lanka have been sealed. The tanker suffered a boiler explosion and a subsequent severe fire on September 3 that raged on and off for a number of days. One seafarer died in the accident. This latest announcement …

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Tankers defer retrofits to cash in on record freight rates (We would too at these prices)

October 18, 2019, by Reuters By Roslan Khasawneh SINGAPORE, Oct 18 (Reuters) – Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalise on an unexpected surge in freight rates, three trade sources said. U.S. sanctions on subsidiaries of vast Chinese shipping fleet Cosco in September sparked …

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U.S. Sanctions Hit Global Oil Fleet as Traders Shun Nearly 300 Tankers

October 11, 2019 by Reuters By Marianna Parraga and Roslan Khasawneh MEXICO CITY/SINGAPORE, Oct 11 (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said. The move has taken roughly 3% of the global oil tanker fleet out of the market, …

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$12 Million: Tanker Rates Soar to New Record as U.S. Sanctions on COSCO

October 4, 2019 by Reuters NEW YORK, Oct 4 (Reuters) – Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said. South Korea’s top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U.S. crude to South Korea in …

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BREAKING: British Royal Marines detain tanker en route to Syria

PortandTerminal.com, July 4, 2019 Royal Marines and Gibraltar seize ship suspected of taking oil to Syria GIBRALTAR – A detachment of Royal Marines and the authorities in Gibraltar have seized a supertanker suspected of carrying oil to Syria in breach of European Union sanctions. The vessel is suspected to be in violation of EU sanctions against Syria. The Grace 1 is a …

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