Tanker Rates Skyrocket To Fill Colonial Pipeline Shortages
By Elizabeth Low (Bloomberg) Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on...
While loaded with a USD $38 million cargo of power cables destined for the North Sea, the 1984-built cable barge AMT Explorer capsized and sank on 3 July while approximately 50 miles southwest of Sardinia.
The cargo is owned by cable manufacturer Prysmian and according to a statement released by the company, destined to connect the TenneT-operated Butendiek and Deutsche Bucht wind farms offshore Germany.
Prysmian notes that Smit Salvage has been contracted to conduct the vessel and cargo salvage.
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