Bank effect eyed in $29.5 million tanker strike on pier

The “bank effect” was in play when the 49,662 dwt tanker Bow Triumph, operated by Odfjell Management, struck a 300-foot section of pier at Joint Base Charleston’s Naval Weapons Station in South Carolina, on September 5, 2022, the National Transportation Safety Board reports. The contact resulted in $29.5 million in damages. No pollution or injuries were reported.

Damage to the 600-foot Bow Triumph included a punctured bulbous bow and damage to side shell, frames, and stringers in way of the...

Saltchuk makes a new offer for OSG

Privately held, Seattle-headquartered Saltchuk Resources Inc. has made a new offer to acquire NYSE-listed tanker and ATB operator Overseas Shipholding Group Inc. (OSG). Saltchuk, which is OSG’s largest shareholder, made an earlier offer to acquire the rest of OSG in June 2021 but suspended those discussions that September, citing pandemic-related market uncertainties.

Today, OSG confirmed that its board of directors had received an unsolicited non-binding indication of interest from Saltchuk for...

Fire on Marlin Luanda extinguished after 6 hour battle

French Navy photo indicates the intensity of Marlin Luanda fire before it was brought under control

After a long fight by its crew and Indian Navy firefighting specialists, the fire on the Trafigura-chartered tanker Marlin Luanda has been extinguished. As we reported previously, the fire broke out in one of the cargo holds when the vessel was struck yesterday by a missile fired from Houthi-controlled territory in Yemen.

Today, Trafigura said:

“We are pleased to confirm that all crew on board the Marlin Luanda are safe and the fire in the cargo tank has been fully extinguished. The vessel is now...

Sailing into the Future: Product Tankers Embrace Green Transition

Despite a 15% dip in average annual earnings, the shipping industry displayed remarkable resilience in 2023. Strong second-hand values and a significant reduction in new building deliveries played pivotal roles, maintaining earnings at the third-highest levels since the 2008 financial crisis.

Ageing Fleet Dynamics

A notable consequence of reduced recycling and limited new building deliveries was the ageing of the product tanker fleet. The average age increased by nine months in 2023, reaching...

Maintenance error caused $1.2 million Endo Breeze engine room fire

An engine room fire aboard the 600-foot long tanker Endo Breeze that resulted in $1.2 million damages was the result of a maintenance error, the National Transportation Safety Board said Thursday.

The incident occurred on April 29, 2022, when the 2003-built, Maltese-flagged, Endo Breeze, was transiting outbound through the Raritan Bay West Reach channel near Staten Island, New York, when oil spray from a fuel injector pump on the starboard main engine ignited off nearby hot surfaces, causing a...

Pentagon: Central Park hijackers were Somalis

While all the circumstances surrounding the recent attempted hijacking of the Zodiac Maritime tanker Central Parkindicated that the Iranian-backed, Yemen-based Houthis were involved, it seems they likely were involved only to the extent of of firing two ballistic missiles at the tanker and at the U.S destroyer that had come to its aid, the USS Mason.

The Mason subsequently hunted down and detained five armed individuals had who disembarked the Central Park and attempted to flee.

Those individuals...

Hafnia picks Wärtsilä propulsion efficiency systems for ten tankers

Finnish technology group Wärtsilä has been selected to supply its propulsion efficiency solutions for ten Bird Class oil and chemical tankers owned by Hafnia, a Singapore-based tanker operator.

The post Hafnia picks Wärtsilä propulsion efficiency systems for ten tankers appeared first on Offshore...

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