£1.4 Million Interim Claim for Fire Hit Supertanker

According to a Reuters report, the owners of the New Diamond supertanker which caught fire with a cargo of two million barrels of oil aboard has agreed to pay 340 million rupees (£1.44 million) to Sri Lanka for its help in extinguishing the blaze and averting disaster.

Claim To Compensate MEPA Services

The interim claim is for services provided by the Sri Lankan navy, air force, ports authority and Marine Environment Protection Authority (MEPA) after the fire on Sept. 3 until Sept 15, said...

https://mfame.guru/1-4-million-interim-claim-for-fire-hit-supertanker/

VLCC With 2 Million Oil Barrels Catch Fire,1 Dead

  • A new fire broke out on a supertanker carrying about 2 million barrels of oil in the Indian Ocean off the east coast of Sri Lanka.
  • One seafarer died in the explosion, while 22 of the 23 crew onboard rescued.
  • Flames had spread to the New Diamond’s bridge, but there was no damage to the cargo area.
  • One Philippine national was injured and another was missing following the fire.
  • Two Russian anti-submarine ships and four Indian ships were assisting in the operation.

Blaze breaks out again on oil...

https://mfame.guru/fire-erupts-on-vlcc-tanker-one-dead-cargo-safe/

China Shows Dominance in Oil Tanker Market as IMO-2020 Approaches!

According to an article published in Bloomberg, China’s demand for crude oil shows no signs of abating.

Increased movement of supertankers

There are currently more supertankers bound for the Asian nation than at any time since the start of 2017 and possibly longer. That could signal that China’s refineries are planning to run hard through the end of the year when the shipping industry is moving to cleaner fuel standards. China could also be working to secure supply following recent tensions in...

http://mfame.guru/china-shows-dominance-in-oil-tanker-market-as-imo-2020-approaches/