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Products Tanker News

16 Oct 2023

Tanker Hits Mine in Black Sea

A Liberian-flagged oil products tanker hit a mine on Sunday in the Black Sea off the coast of Romania and sustained minor damage, but the crew was safe, sources said on Monday.It is the second vessel this month to have been hit by a floating mine in the Black Sea, in a reminder of the continued perils faced by commercial ships in the region.The Ali Najafov tanker was sailing near to the Sulina channel near Romania when the blast occurred on Sunday, Yoruk Isik, head of the Bosphorus Observer consultancy, told Reuters.A Ukrainian source separately confirmed the vessel had struck a mine.The vessel's Istanbul-based manager Palmali, listed in shipping databases, did not immediately respond to a request for comment.

15 Jul 2022

Indonesia Jails Captain of Tanker Arrested for Illegal anchorage

The captain of a fuel tanker arrested by the Indonesian navy in May on suspicion of illegally anchoring in its waters has been jailed for 15 days and fined 200 million rupiah ($13,350), a navy spokesman said on Wednesday.The Nord Joy, a Panama-flagged oil products tanker, was detained on May 30 whilst anchored in Indonesian waters to the east of the Singapore Strait, one of the world's busiest shipping lanes.Indonesian navy officers asked for an unofficial payment of $375,000 to release the vessel, two people involved in the negotiations told Reuters at the time. The Indonesian navy denied any such payment was requested and said the vessel was being held for anchoring in its waters without a permit.

16 May 2022

Activists Block Greek Tanker with Russian Cargo from Entering UK Port

Greenpeace protesters have blocked the entry of a Greek tanker into a southern English port due to its Russian fuel cargo with police making arrests, the green group said on Monday.Britain and the EU have separately banned Russian-flagged vessels from their ports, with exemptions, after Russia's invasion of Ukraine in what the Kremlin describes as a "special military operation."The UK has said it will phase out imports of Russian oil by the end of the year, which has meant that foreign-flagged vessels carrying Russian cargoes are still able to call at ports for the time being.Greenpeace said 12 activists occupied a jetty on Sunday evening in Navigator Terminals' Thames site in Essex…

18 Mar 2022

Bangladesh Seeks $22.4 Million After Missile Hits Ship in Ukraine

State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine.The UN's shipping agency said last week it would create a safe maritime corridor for merchant ships and crews stuck in the Black Sea and Sea of Azov, although shipping industry sources expect progress to be slow. Projectiles have hit four other vessels in recent days with one sunk.Insurance premiums have soared by over 100% for voyages to the region since the war started. Insurers are watching…

30 Jul 2021

Update: Tanker Attacked Off Oman. Two Crew Members Killed

Two crew members, a Briton and a Romanian, were killed when a petroleum products tanker managed by Israeli-owned Zodiac Maritime came under attack on Thursday off Oman's coast, the company said on Friday.London-based Zodiac said on its website that the attack in the Arabian Sea on the Mercer Street, a Liberian-flagged Japanese-owned ship, was still being investigated.Earlier on Friday it had described the incident as suspected piracy but the United Kingdom Maritime Trade Operations (UKMTO), which provides maritime security information, says it was not piracy."Details of the incident are still being established and an investigation into the incident is currently underway.

13 May 2021

Jones Act Waiver Granted to Valero After Colonial Shutdown

© Nightman1965 / Adobe Stock

U.S. refiner Valero Energy Corp was granted a Jones Act waiver, sources familiar with the matter said on Thursday, after a cyberattack shut the Colonial Pipeline late last week, creating a fuel crunch in several parts of the U.S. Southeast and Northeast.Jones Act waivers are a key way to ensure fuel supplies reach some of the hardest hit areas as pump prices continue to surge while Colonial begins to ramp up flows on its pipeline network that transports more than 2.5 million barrels of fuel every day.The Jones Act requires goods moved between U.S.

10 May 2021

Valero Charters Tanker for Storage as Cyber Attack Shuts U.S. Pipeline

Valero Energy chartered an oil products' tanker for storage in the U.S. Gulf Coast on Friday amid a cyber attack that shut the Colonial pipeline, the biggest U.S. fuel pipeline, two sources familiar with the matter said on Sunday.The tanker, called the Nave Titan, is currently in the Mississippi River in southern Louisiana, according to Refinitiv Eikon shipping data.Nave Titan can hold up to 330,000 barrels of oil, according to the tanker data.Other Gulf Coast refiners were looking to book tankers for storage this weekend as the outage affected shipments of refined products to the East Coast, according to the sources.Valero did not immediately respond to a request for comment. (Reporting by Laura Sanicola; Editing by Christian Schmollinger, Kim Coghill and Sherry Jacob-Phillips)

05 May 2021

Case Study: Uni-Tankers Banks on Frugal Propulsion for Fuel Savings

(Photo: Frugal Propulsion)

Ten months of test sailing using Frugal Propulsion on the tanker Endelo Swan shows a fuel saving of 12.2%, which is now driving Uni-Tankers to install the system on more ships in the fleet.Danish shipping company Uni-Tankers is reaping the rewards of Frugal Propulsion, a system which provides opportunities for optimizing fuel consumption on engine-driven ships.Frugal Propulsion, which is developed by the Danish start-up Frugal Technologies, was installed on the chemical/oil products tanker Endelo Swan during docking in June 2020.

25 Jun 2020

Oil Tanker Quarantined in Antwerp After Crew Tests Positive for COVID-19

Illustration by AA+W / AdobeStock

The Belgian port of Antwerp has quarantined a Maltese-flagged oil tanker until at least July 4 after more than half of its crew tested positive for COVID-19, the port authority said on Thursday.The Minerva Oceania was being held at the port's Leopold dock after 15 of its 26-person crew had returned positive tests, a port spokeswoman said in an emailed response.Two of the crew members who tested positive were in hospital but their condition was not serious, she said. The other crew were remaining on board and those with COVID-19 self-isolating in separate cabins.

28 Aug 2019

RMK: Targeting “Next Wave of Tanker Demand” in 2021-22

Launched on June 12, 2019, Cosima PG is being built for a European client, to be delivered in November 2019.
Photo: RMK Marine

RMK Marine Shipyard is located in the Tuzla/Istanbul, Turkey, since 1997 as part of the Koc Group of Companies (https://www.koc.com.tr/en-us) which is Turkey’s biggest conglomerate. It specializes in shipbuilding as well as super/mega yacht refit, conversion and new building projects. On the shipbuilding side, specialty, high-temperature product tankers, such as asphalt and bitumen, as well as chemical and oil products tankers have been a staple of RMK Marine. Since 1997, RMK…

24 May 2019

U.S. Deploys Troops to Middle East, Blames Iran for Tanker Attacks

The United States on Friday announced the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as it accused the country's Revolutionary Guards of direct responsibility for this month's tanker attacks.President Donald Trump's administration also invoked the threat from Iran to declare a national security-related emergency that would clear the sale of billions of dollars' worth of weapons to Saudi Arabia, the United Arab Emirates and other countries without required congressional approval.The actions were the latest by the Trump administration as it highlights what it sees as a threat of potential attack by Iran…

28 Mar 2019

Tanker Bottleneck Eases for Port of Houston

The sprawling Houston area refining complex adjacent to the Houston Ship Channel. CREDIT: AdobeStock / © Irina K)

Four tankers on Thursday were preparing to offload or pick up cargoes in the busiest U.S. oil port, the first signs of an easing of the bottleneck that cut 1 million barrels per day of shipments, according to vessel tracking data.The Houston Ship Channel reopened this week with operating restrictions following a fire at Mitsui & Co Inc's Intercontinental Terminals Co (ITC) in Deer Park, Texas. That blaze sent fuel and chemicals into the waterway, which connects Houston to the…

02 Jan 2019

Challenge Peak Ships 1st Plant Condensate from Ichthys LNG Project

The oil products tanker operated by Singapore-based NYK Bulkship (Asia) Challenge Peak  has shipped the first batch of plant condensate produced at the onshore gas liquefaction plant of the INPEX-operated Ichthys LNG Project.According to a press release from the Japanese shipping and logistics company NYK (Nippon Yusen Kabushiki Kaisha), the condensate was loaded from the gas liquefaction plant in Darwin in the Northern Territory of Australia, and the vessel departed for an Asian country on December 26.A joint venture among INPEX (the operator), oil major Total, and others, the Ichthys LNG Project is one of the largest LNG projects in the world…

26 Jan 2018

Jefferies Upbeat on LNG, LPG and Dry Bulk Shippers

© inlovepai / Adobe Stock

Jefferies optimistic on stocks of LNG, LPG and dry bulk shippers   With spot rates at 4-year highs, brokerage says, "we believe additional LNG liquefaction terminals will continue to stimulate LNG shipping demand above and beyond LNG shipping supply growth"   All shipping sectors to improve through 2018, 2019; "seasonal patience will be required in the dry bulk, refined products and crude tanker sectors" - Jefferies   Improvement in global economic conditions and Chinese preference for high-quality dry bulk commodity imports will help dry bulk carriers   Refinery capacity additions to

30 Aug 2017

Traders Look to Asia Products for U.S. Options

Traders adding U.S. port options to cargoes for flexibility. Traders are scrambling to find oil products in Asia to ship to the United States and Latin America after Hurricane Harvey shut almost a quarter of U.S. refining capacity, several trading and shipping sources told Reuters on Wednesday. Many are also asking for ships to have a U.S. option added to their original destination to allow for flexibility in sending the cargoes across the Pacific, shipbrokers said. At least one oil products tanker, BW Kallang, is being diverted to Houston instead of New York after loading gasoline blending component alkylate from India, a source familiar with the matter said.

22 Nov 2016

Indian Master Receives 2016 IMO Award for Exceptional Bravery at Sea

The Master of an oil tanker who says she was “just doing her job” has received the highest International Maritime Organization (IMO)  bravery recognition for saving the lives of seven fishermen from a sinking fishing boat during a tumultuous storm in the Bay of Bengal in June 2015. “It is every seafarer’s and Master’s solemn duty and obligation to save souls in distress at sea. I just did what a seafarer should do for a fellow soul in distress at sea. Yes, it was an instant decision, but not without assessing the risks involved. I just did my duty,” said Captain Radhika Menon, Master of the oil products tanker Sampurna Swarajya. She was speaking after IMO Secretary-General Kitack Lim presented her with the 2016 IMO Award for Exceptional Bravery at Sea on Monday (21 November)…

08 Jul 2016

Award for First Female Indian Captain for Exceptional Bravery at Sea

Captain Radhika Menon, Master of the oil products tanker Sampurna Swarajya, is to receive the 2016 IMO Award for Exceptional Bravery at Sea for her role in the dramatic rescue of seven fishermen from a sinking fishing boat in tumultuous seas. The IMO Council, meeting for its 116th session in London, endorsed the decision of a Panel of Judges that Captain Menon displayed great determination and courage in leading the difficult rescue operation in the Bay of Bengal in June last year. Captain Menon was nominated by the Government of India, for the rescue of all seven fishermen from the fishing boat Durgamma, which was adrift following engine failure and loss of anchor in severe weather. Food and water had been washed away and they were surviving on ice from the cold storage.

09 May 2016

IMO Tier III compliant Wärtsilä X72 Engine Passes Test

(Credit: Winterthur Gas & Diesel (WinGD)

Winterthur Gas & Diesel (WinGD) and its two-stroke engine manufacturer Hyundai Heavy Industries - Engine & Machinery Division (HHI-EMD) announced the successful testing and delivery of their first IMO Tier III compliant Wärtsilä X72 diesel engine. Built at HHI-EMD’s works in Ulsan Korea, the six-cylinder, Wärtsilä X72 diesel engine employs a compact, pre-turbocharger selective catalytic reduction (SCR) system. The system is supplied by HHI-EMD and at a shop test on 23rd March 2016…

09 Nov 2015

Tanker Futures Market Booms as Rates Rally

Freight forward agreement (FFAs) trade rises. The market for hedging oil tanker freight has revived sharply this year to a value of $4.5 billion after years of torpor, with ship owners looking to profit from a freight rally and more energy companies scramble to cover risk, industry sources say. Cheap oil bargain hunters after the price drop and refineries, which have been operating at unusually high levels to meet rising demand, have helped tanker markets experience their best earnings in years after a long period of losses. Rates for crude supertankers have soared in recent weeks to over $100,000 a day - their highest since 2008. In tandem…

18 May 2015

Iran Uses Maritime Confrontations to Project Power in Gulf

Iran is using its sea power in the Gulf to show it will not be cowed by Washington's newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region. Iranian ships fired shots at a Singapore-flagged tanker which it said damaged an Iranian oil platform, causing the vessel to flee, and seized a container ship in the Strait of Hormuz, the world's most important oil route, over a debt row. The incidents coincided with a push by Washington to reassure Gulf Arab monarchies that their interests would not be threatened by a nuclear accord that Tehran and world powers are trying to reach by the end of June. In an escalating confrontation with Saudi Arabia over Yemen…

15 May 2015

Tanker Attacked in Gulf Collided with Iran Oil Platform in March

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner said on Friday. The Alpine Eternity was attacked by a number of small craft in international waters off the United Arab Emirates. The owner South Maritime Pte Ltd and manager Transpetrol said in a joint statement that the tanker collided with an uncharted object on March 21 in the Middle East Gulf, which was later identified as an Iranian jacket platform causing no pollution or injuries to crew. "Since the March 21 incident…

14 May 2015

Iran Navy Fires at Tanker as Gulf Tensions Rise

Iranian naval vessels fired shots at a Singapore-flagged tanker in the Gulf on Thursday in what appeared to be the country's latest attempt to settle a legal dispute by force with a passing commercial vessel, U.S. officials said. Around noon (0800 GMT) in the Gulf, five Iranian Revolutionary Guard Corps Navy ships approached the Alpine Eternity, prompting the oil products tanker to flee to safety in United Arab Emirates waters, the officials said. One U.S. official, speaking on condition of anonymity, said Iran had attempted to intercept the vessel in international waters because Tehran says it is liable for damage to an Iranian-owned oil platform it hit on March 22.

14 May 2015

Tanker Attacked in Mideast Gulf Reaches UAE Port Safely

Singapore-flagged oil products tanker Alpine Eternity has reached the port of Jebel Ali in the United Arab Emirates safely after coming under attack in the Gulf earlier, the vessel's manager said on Thursday.   A spokesman for the vessel's Norwegian manager Transpetrol said the vessel was attacked at sea at 0800 GMT on Thursday on its way to the UAE port of Fujairah.   "The nature of the attack is still unclear," the spokesman said. "She reached UAE waters and she is in the port of Jebel Ali now. The vessel is safe and there are no injuries to crew."   The spokesman said the attack had been reported to Singaporean authorities.     (Reporting by Jonathan Saul; Editing by Toby Chopra)