tankers

Shell not to send UK-flagged vessels through Strait of Hormuz

Royal Dutch Shell informed that is not taking any British-flagged tankers through the Strait of Hormuz, in the midst of increased tensions with Iran, in the vital chokepoint for oil shipments. Shell now joins BP, which is also avoiding sending vessels through the Strait of Hormuz.

VesselsValue: Quarterly forecast for cargo ships

Amid an ongoing trade war between China and the US, as well as major geopolitical tensions globally, it is likely that total ordering activity will be softer near term, representing a downside risk to the positive development of newbuilding prices, according to VesselsValue. 

Tankers turning AIS off at Strait of Hormuz

Amid an escalating tension in the Persian Gulf over the last months, oil tanker owners seem to have found a new way to tackle the increased danger for ships transiting the Strait of Hormuz, the world’s most important shipping route for oil supply.

Persian Gulf tension rises War Insurance cover

As a result of the increased tension in the Persian Gulf, the War Insurance market has reacted with increased rates for War Insurance cover for transits and port calls in these waters. In this regard, with effect from 29 July 2019, the rate for any call to the Persian Gulf area has been increased from 0,25% to 0,5%. 

Stena: Seized oil tanker has breached no rules

There is no evidence that the ‘Stena Impero’ has breached any maritime rules or regulations, said the owner company Stena Bulk in its latest update, 10 days after Iranian authorities seized the British-flagged oil tanker, while sailing through the Strait of Hormuz. 

Iran releases 9 crew from seized Panamanian-flagged tanker

Iran has released nine of the 12 Indian crew members on board the seized Panamanian-flagged oil tanker M/T Riah, after claims that the ship was transporting around 1 million liters of smuggled fuel. As the Indian Ministry for External Affairs spokesman Raveesh Kuma informed, the nine sailors were released and are now on their way to India soon.

International Bargaining Forum discusses on Strait of Hormuz transits

The International Bargaining Forum has started discussions on vessels transiting through the Gulf of Oman and the Strait of Hormuz. The discussions follow 10 weeks of increased aggression against merchant ships in the area, which peaked with the seizure of the Stena Impero on 19 July.

Four Iranian tankers are stuck in Brazil because of no fuel

Following the two Iranian vessels that remain stuck in Brazil with no fuel, additionally two more Iranian bulk carriers that came to Brazil also could be left stranded. Petrobras addressed that refuses to provide the tankers with bunker fuel because of the US sanctions imposed.

New VR training solution to help protect cargo

Videotel launched a new virtual reality (VR) training title, aiming to help ship operators avoid possible claims running into millions of pounds, because of cargo damage caused by insufficient tank cleaning on board chemical tankers. Videotel’s VR training module titled ‘Wall Wash Test-Protecting Your Cargo’, has been produced in association with the company’s VR content partners OMS.

Iran seized the missing tanker in the Gulf after distress call

Diplomatic tensions in the Strait of Hormuz seem to be growing after Iran announced it has seized a foreign tanker it said was smuggling fuel in the Gulf. This could be seen as a retaliation to the seizure of the Iranian tanker Grace 1 by Royal Marines off Gibraltar earlier this month.

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