Reuters News

25 Sep 2020

Iran's Oil Exports Jump in September Defying Sanctions

© broccoli.studio / Adobe Stock

Iranian oil exports have risen sharply in September in defiance of U.S. sanctions, three assessments based on tanker tracking showed, throwing a lifeline to the Islamic Republic and its collapsing economy.Exports have shrunk from over 2.5 million barrels per day (bpd) since the United States withdrew from a nuclear deal with Iran and reimposed sanctions in 2018. Still, Iran has been working to get around the measures and keep exports flowing.Data from TankerTrackers and two other firms indicated exports are rising in September…

24 Sep 2020

'Oil Spot' Reported Near Decaying Tanker off Yemen

Satellite image ©2020 Maxar Technologies.

Saudi Arabia warned the U.N. Security Council on Wednesday that an "oil spot" had been seen in a shipping transit area 31 miles (50 km) west of a decaying tanker that is threatening to spill 1.1 million barrels of crude oil off the coast of Yemen.The Safer tanker has been stranded off Yemen's Red Sea oil terminal of Ras Issa for more than five years. The United Nations has warned that the Safer could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.In a letter to the 15-member body, reviewed by Reuters, Saudi Arabia's U.N.

23 Sep 2020

A Killing at Sea Implicates the Armed Forces in Lawless Venezuela

© Capt. Silverio Balbuena / MarineTraffic.com

Around midnight on February 23, Eulalio Bravo, a marine electrician, was dozing in his rack aboard the San Ramon, an oil tanker anchored off the coast of Venezuela.Suddenly, he heard footsteps pounding along the passageway outside. His captain, Jaime Herrera, cried for help."Be still!" an unfamiliar voice ordered.A gun fired.By the time Bravo and eight other shipmates emerged to see what had happened, the captain lay dead, a gunshot in the back of his head. Herrera's stateroom had been pillaged, drawers flung open, his bunk overturned.

23 Sep 2020

Russian Navy Vessel Collides with Container Ship in Danish Waters

Ice Rose - Credit: pinko palinko - MarineTraffic

A Russian navy vessel collided with a Swiss-owned container ship in Danish waters on Wednesday near the Oresund Bridge linking Denmark and Sweden, Danish defense authorities told Reuters.The Ice Rose, which was sailing from St. Petersburg in Russia to Gothenburg in Sweden, collided with a Russian frigate early on Wednesday morning, a spokesman for the Joint Operation Centre said.He said the reason for the collision was not clear, but that the Russian vessel had permission to be…

22 Sep 2020

World's Largest Nuclear Icebreaker Embarks on Arctic Voyage

(Photo: Atomflot)

A nuclear-powered ice breaker Russia says is the world’s largest and most powerful set off on Tuesday on a two-week journey to the Arctic as part of Moscow’s efforts to tap the region’s commercial potential.Known as Arktika, the nuclear icebreaker left St. Petersburg and headed for the Arctic port of Murmansk, a journey that marks its entry into Russia’s icebreaker fleet.Russian state firm Rosatomflot has called the vessel the world’s largest and most powerful icebreaker.

21 Sep 2020

Scorpio Bulkers Tries Wind in Hunt for Returns

(Image: Scorpio Bulkers)

Scorpio Bulkers, a major ocean transporter for the dry commodities industry, is tapping into increasing demand for renewable energy with an investment in the logistics of offshore wind farms, the group's chief executive said.The Monaco-headquartered company will invest between $265 to $290 million in a vessel that can install offshore wind turbines, Emanuele Lauro, chairman and CEO, told Reuters, part of a strategy to begin to diversify the group away from the transport of dry…

21 Sep 2020

Oil Tanker En Route to Libya Terminal After Partial Force Majeure Lift

Image by Hannes van Rijn / MarineTraffic.com

The Marlin Shikoku oil tanker is making its way to Libya's Marsa El Hariga terminal, according to Refinitiv Eikon shipping data.Libya's National Oil Corporation (NOC) on Saturday lifted force majeure on what it deemed secure oil ports and facilities.NOC is yet to specify the ports and oilfields where it is lifting force majeure, but restart procedures are underway at some locations following a blockade that began in January which crippled the OPEC member's oil production."We are waiting for NOC to give a schedule of tankers and we are ready to export…

21 Sep 2020

BHP in Talks with for LNG Bunker Supply Contract

Illustration - Credit: masterskuz55/AdobeStock

BHP Group is in talks with three companies for the supply of liquefied natural gas (LNG) to fuel five ships it plans to use to transport iron ore between western Australia and China, a senior company executive told Reuters.A contract is expected to be awarded next month after an initial 8 to 10 firms vied for delivery of the super-chilled fuel to the miner over 2022 to 2027, Rashpal Bhatti, BHP's vice president for maritime and supply chain excellence told Reuters.BHP earlier…

16 Sep 2020

Sri Lanka Seeks at Least $1.9 Million from Owner of Fire-hit Tanker

(Photo: Sri Lanka Navy)

Sri Lanka is seeking at least 340 million rupees ($1.9 million) from the owner of the stricken oil supertanker New Diamond for assistance given to the vessel since it caught fire on Sept. 3, the coordinating officer to the country's attorney general said.Nishara Jayaratne said the cost was for services provided by various departments including the Sri Lankan navy, air force, ports authority and Marine Environment Protection Authority, among others, up until Sept. 15.The fully-loaded vessel is still in Sri Lankan waters…

16 Sep 2020

Second Arrest Warrant Issued for GP Global's Tanker

GP B3 - Image Credit: mgklingsick_aol_com/MarineTraffic.com

An Indian court has issued a second arrest warrant for a marine refueling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager, court documents showed.On Sept. 10, the High Court of the western Indian state of Gujrat granted the vessel manager's, Singapore-based Celestial Ship Management Pte Ltd, a request to arrest the GP B3 bunker tanker for unpaid dues, according to the court documents seen by Reuters.On the previous day, the…

15 Sep 2020

Sovcomflot Targets at Least $500 Million in Moscow IPO

(Photo: Sovcomflot)

Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).For Aeroflot, the cash is needed to fight the economic fallout from the COVID-19 pandemic.Sovcomflot (SCF) which is raising money to spend on new projects and reduce debt aims to list in early October…

15 Sep 2020

EU Parliament Votes to Make Ships Pay for Their Emissions

© Björn Wylezich / Adobe Stock

The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping is the only sector which does not face EU targets to cut emissions, but it is coming under increased scrutiny as the bloc attempts to steer industries towards its plan to become "climate neutral" by 2050.In a vote on Tuesday, EU lawmakers said the bloc's carbon market should be expanded to include emissions from voyages within Europe…

15 Sep 2020

Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf

Hurricane Sally (Photo: NOAA)

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane is disrupting oil imports and exports as the nation's sole offshore terminal, the Louisiana Offshore Oil Port (LOOP), stopped loading tanker ships on Sunday, while the port of New Orleans closed on Monday.The U.S. government said 21%…

14 Sep 2020

Court Orders Seizure of GP Global's Oil Tanker Over Loan Default

GP B3 - Credit: mgklingsick_aol_com/MarineTraffic.com

An Indian court has ordered the seizure of a tanker belonging to Dubai-based oil trading firm GP Global after a petition from UAE lender National Bank of Fujairah over a loan default, a court document showed.The Gujarat High Court directed the authorities of Pipavav Port on Sept. 9 to seize the company's bunkering tanker, GP B3, and detain it until a further court order or until the outstanding loan amount of just over $2 million is paid, a court document seen by Reuters shows. The next hearing is on Sept.

14 Sep 2020

Sri Lanka Plugs Leak on Fire-stricken Supertanker

Credit: Sri Lanka Navy

Sri Lanka has initiated repair work on the ruptured fuel oil tank in the engine room of a stricken fully loaded oil supertanker after plugging the leak, the country's Navy said.The supertanker is currently 52 nautical miles (96 kms) from the Sri Lankan coast, Navy spokesman Indika de Silva said. "Salvors are on board, they plugged the leak and the repair is still going...They have vacated the ruptured tank and transferred the dirty water into the ballast section," de Silva told Reuters. A fire broke out in the engine room of the Greek-owned New Diamond tanker on Sept.

11 Sep 2020

Greenpeace Blocks Oil Tanker from Delivering Oil to Refinery in Sweden

Credit: Greenpeace

Greenpeace's flagship Rainbow Warrior blocked a tanker on Thursday from delivering crude oil from Norway to Sweden's Lysekil refinery in a protest against plans to expand it, the advocacy group said.The 850-tonne sailboat decorated in rainbow colors dropped anchor in a fjord near the installation owned by Sweden's largest refiner Preem to block passage for the Grena Knutsen carrying crude from Norway's Gullfaks oilfield."We will not let any crude oil to the refinery until Preem stops its plans to expand," said Greenpeace member Gustav Martner during a live feed from Rainbow Warrior as it lower

11 Sep 2020

MOL to Spend $9.4 Mln on Mauritius Oil Spill Clean-up

© ohrim / Adobe Stock

Japan's Mitsui OSK Lines Ltd said on Friday it would spend about 1 billion yen ($9.42 million) on measures to help Mauritius, including the clean-up of the island's mangrove forests and contribution to an environmental recovery fund.A bulk carrier owned by Japan's Nagashiki Shipping and chartered by Mitsui OSK ran aground on a reef in Mauritius on July 25 and later began leaking oil, causing a marine ecological disaster around the Indian Ocean island."The owner of the ship takes primary legal responsibility…

10 Sep 2020

Massive Fire Breaks Out in Beirut Port

For illustration; Beirut port area after recent explosion - Credit: Anna Om/AdobeStock

A large fire erupted on Thursday at Beirut port, sending a huge column of smoke above the city a little more than a month after a massive blast devastated the port and surrounding residential area of the Lebanese capital.The blaze erupted in the shattered duty-free zone of the port and one official said it was limited to that area. But it jangled nerves in a nation grappling with a deep economic crisis that has posed the biggest threat to Lebanon's stability since its 1975-1990 civil war.The army said a store of oil and tires had burst into flames…

09 Sep 2020

List: Major Oil Spills from Ships

The Exxon Valdez ran aground on Bligh Reef in Prince William Sound, Alaska, March 23, 1989 spilling 11 million gallons of crude oil. (Photo: U.S. Coast Guard)

The Sri Lankan navy said on Tuesday an oil slick had been spotted a kilometer from a loaded supertanker carrying roughly 2 million barrels of oil that has been engulfed in intermittent fires since an explosion on September 3.Oil from the engine room of the 20-year old New Diamond tanker “appears to have leaked out to the sea” following regular bouts of water-dousing by fire-fighting vessels, the navy spokesman said.The oil slick has raised concerns about the potential of further leakage from the cargo holds…

08 Sep 2020

Oil Slick Spotted Near Fire-stricken Tanker

(Credit: Sri Lanka Navy)

Sri Lanka's navy said on Tuesday that an oil slick had been spotted a kilometer from a loaded supertanker off the country's east coast, as efforts to extinguish a fire on board continued.Sri Lankan officials are working to assess any damage to the environment and marine life from the incident, which began on September 3, when a fire initially broke out in the engine room of the New Diamond supertanker.The first fire aboard the ship, which was chartered by Indian Oil Corp to import some 2 million barrels of oil from Kuwait, was put out, but a second one broke out on Monday."The ship has tilted

07 Sep 2020

Fire on Supertanker Off Sri Lanka Extinguished

Credit: Sri Lanka Navy

A fire on a supertanker abandoned off Sri Lanka's east coast has been extinguished, a Sri Lankan navy spokesman said on Sunday.“The fire on the oil tanker has been doused. However we are continuing to spray water in case it reignites,” Captain Indika De Silva told Reuters.The New Diamond is carrying about 2 million barrels of crude oil, although a senior Sri Lankan navy official said on Friday there was no real risk of a spill.The fire broke out in the engine room on Thursday morning and spread to the bridge of the ship.

04 Sep 2020

No Real Danger of Oil Spill from Burning Oil Tanker, Sri Lanka Navy Says

Credit: Sri Lanka Navy

There is no real risk of a spill from a fully loaded supertanker that caught fire off the east coast of Sri Lanka, a senior official in the Indian Ocean nation's navy said on Friday.The fire that broke out in the engine room of the New Diamond on Thursday morning had spread to the bridge of the ship, carrying about 2 million barrels of oil, though it has not reached the cargo area, the Sri Lankan navy said.Director-General of Operations Rear-Admiral Y N Jayarathna told reporters it was the navy’s view that there was no real danger of a spill…

04 Sep 2020

Sri Lanka Tows Burning Supertanker off Coast. One Crewman Presumed Dead

Credit: Sri Lanka Navy

Sri Lanka began towing a fully loaded supertanker on fire off its east coast after it began drifting towards land, a spokesman for the navy of the Indian Ocean nation said on Friday.The fire was still raging on the New Diamond tanker carrying about 2 million barrels of oil, said the spokesman, Captain Indika de Silva. There were 23 crew on board, one of whom is presumed dead, while the rest have been rescued from the ship.There were no signs of an oil leak from the vessel, he added.

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