oil tanker

Dozens of Oil Tankers Anchored Off The Californian Coast

  • Two dozen tankers loaded with oil are anchored off the California coast.
  • The tankers have no place to offload the crude due to COVID-19 restrictions.
  • Tankers are used to store products that would have originally gone out to the supply chain.
  • The cost to have a barrel crude delivered in the U.S plummeted to negative $37.63.
  • This is the highest volume of crude to ever float off the West Coast.
  • ExxonMobil reopened to start producing hand sanitizer for first responders.

According to an article...

http://mfame.guru/dozens-of-oil-tankers-anchored-off-the-californian-coast/

Sudden Arrival of Six Large Vessels Off Welsh Coast Cause a Stir!

  • Six huge ships have appeared off the coast of North Devon, and mystery surrounds the reason why.
  • All the ships are waiting to dock at Port Talbot in South Wales and are anchoring in the Bristol Channel due North of Ilfracombe.

The sudden arrival of six huge vessels off the Swansea coast has baffled locals and fuelled several theories as to why they are there, reports Mirror.

Mysterious vessels at Talbot

The mysterious vessels, which are waiting to dock at Port Talbot, appeared several days ago...

https://mfame.guru/sudden-arrival-of-six-large-vessels-off-welsh-coast-cause-a-stir/

Demand for Storage and Transport! Supertanker Freight Rates Double!

  • Oil tanker rates rise for a second time this month as the producers, refiners and traders scramble to secure ships to transport crude or store.
  • Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 up from some $125,000 last week.
  • Forward prices for VLCCs for the second quarter were trading at some $170,000 a day for the Middle East to China route.
  • The contango spread between May and November Brent crude futures hit...

http://mfame.guru/demand-for-storage-and-transport-supertanker-freight-rates-double/

World’s Biggest Coronavirus Lockdown Makes Ship Operations Go Awry!

According to a Platts report, India’s three-week nationwide lockdown to contain the deadly coronavirus pandemic will delay both imports and exports of commodities such as crude, coal, iron ore, vegetable oils and refined energy products as several ports have declared force majeure, while shipping operations across its sprawling coastline are going awry.

What happened?

India was amid a two-week quarantine on all ships when the lockdown was imposed, and it comes at a time when the country was...

http://mfame.guru/worlds-biggest-coronavirus-lockdown-makes-ship-operations-go-awry/

Tanker Owner Convicted for Deceiving During an US Coast Guard Inspection!

In a major development an oil tanker owner, operator and chief engineer , all have been convicted for hiding a pollution incident concerning their vessel, says a press release published by the US Justice Department.

What happened?

Nikolaos Vastardis, Evridiki Navigation Inc., and Liquimar Tankers Management Services Inc., were convicted by a federal jury in Wilmington, Delaware, of violating the Act to Prevent Pollution from Ships, falsifying ship’s documents, obstructing a U.S. Coast Guard...

http://mfame.guru/tanker-owner-convicted-for-deceiving-during-an-us-coast-guard-inspection/

Captain Of Oil Tanker Ship Murdered Off Eastern Venezuela Coast

tanker

A captain of an oil tanker ship was murdered by armed assailants off the coast of eastern Venezuela, Reuters reported.

Six armed men boarded tanker San Ramon in the early hours on Monday in the Pozuelos Bay and shot Colombian national captain Jamie Herrera Oranzco, Puerto La Cruz port authority reported.

A coast guard segment guarding the vessel was also injured in the attack.

Representation Image – Photograph by Adolfo Pastor González

Jone Bodas, the oil workers union leader in Puerto La Cruz,...

https://www.marineinsight.com/shipping-news/captain-of-oil-tanker-ship-murdered-off-eastern-venezuela-coast/

[Watch] Oil Tanker On Flames In Gulf Off Sharjah

  • Vessel in the Persian Gulf caught fire near the Emirati sheikhdom on 29th January.
  • Blaze prompted warning from British naval officials to ‘exercise extreme caution.’
  • Crew on Panama-flagged tanker sent out distress signal and have been rescued.

Huge fire rips through vessel in the Persian Gulf as British naval officials warn ships in the area to ‘exercise extreme caution,’ reports Daily Mail.

Tanker on flames

The United Kingdom’s Maritime Trade Operations said the fire struck the vessel northwest...

http://mfame.guru/watch-oil-tanker-on-flames-in-gulf-off-sharjah/

Singapore-Flagged Vessel Auctioned On Taobao For S$16.7 Million

According to an article pulished in Insider Financial, a Singapore-flagged vessel was recently auctioned off on online shopping platform Taobao for 81 million yuan (S$16.7 million).

Offers from six bidders

The crude oil tanker, which was built in 1993, was sold to Natalia Shipping after receiving 19 offers from six bidders.

The Varada Blessing, which was owned by Singapore-based firm Varada One, had been berthed in the Pearl River estuary following an “admiralty dispute”.

The Varada Blessing is...

http://mfame.guru/singapore-flagged-vessel-auctioned-on-taobao-for-s16-7-million/

Iran decries ‘cowardly attack’ on oil tanker – Reuters –

An Iranian government spokesman on Saturday described as a “cowardly attack” an incident that Iranian media have called the apparent targeting by missiles of an Iranian-owned oil tanker, and said Iran would respond after the facts had been studied.

The tanker Sabiti was hit in Red Sea waters off Saudi Arabia on Friday, Iranian media have reported, an incident that could stoke friction in a region rattled by attacks on tankers and oil installations since May.

“Iran is avoiding haste, carefully...

https://container-news.com/iran-decries-cowardly-attack-oil-tanker-reuters/

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