Freight rates for US crude tankers bound for Asia were bid up to a more than three-year peak this week as US sanctions on a Chinese transport giant cut vessel availability,
A fire onboard two oil tankers that injured nine sailors at a South Korean port has been put out, the Yonhap news agency said on Saturday.
The navy of the Indian Ocean island nation confirmed one crew member from the MT New Diamond had died "in a boiler explosion.” The fire that started Thursday in an engine room boiler injured one other crew member.
The officer explained that by arriving at the coordinates that were specified by the command and control room, he witnessed the exchange of petroleum materials between the ship and the launch.
The crew of a Greek-operated oil tanker in the English channel that was stormed by British special forces on Sunday are safe after what the government said was a suspected hijacking, a minister said on Monday.
Five people including four firefighters were injured, an emergency services spokesperson said. Amateur footage aired on state television's website showed black smoke billowing into the sky above people appearing to panic as firefighters move in. But the governor denied there was an explosion.
The fire in the truck, which carried 36,000 litres of diesel fuel, was brought under control in record time, the Kuwait Fire Service Directorate said in a press release on Sunday.
Located in Al Rahmaniya residential area on the E611, both service stations are part of a larger plan to construct 12 new stations in Sharjah by the end of the year to meet the increasing demand for fuel and automotive services in the emirate.
South Korea’s Foreign Ministry said Iran released the tanker and its captain after seizing the vessel in January. The ministry says the Hankuk Chemi left an Iranian port at around 6am local time after completing an administrative process.