The Tokyo Spirit nearly touching the breakwater of the Cascais marina in Portugal. Photo credit: Nuno França
Sunday – The tanker Tokyo Spirit was refloated Sunday afternoon with the help of tugs. The ship was to be towed to a local repair yard. We are told no environmental damage from the incident.
Saturday – A Bahamas-flagged crude oil tanker now owned by Teekay Tankers grounded Saturday in stormy weather near Lisbon, Portugal just outside the breakwater at the Cascais marina.
gCaptain can confirm that the tanker is the 150,000 DWT crude oil tanker Tokyo Spirit (ex-Princimar Loyalty. IMO: 9296377). The vessel is unladen.
Tugs are on scene and will attempt to free the ship at the next high tide early Sunday morning.
AIS data from MarineTraffic shows the tanker arrived at an anchorage off Cascais on Wednesday, October 14th.
We are told that wind gusts of 50 knots were recorded at the anchorage earlier Saturday with high seas. All 22 crew members remain onboard the ship, despite earlier reports that a rescue was underway.
The Tokyo Spirit is a suezmax tanker built in 2006 and is now 100% owned by Teekay Tankers. The ship was previously managed by Principal Maritime and named Princimar Loyalty, but in August Teekay Tankers agreed to acquire Principal’s entire crude oil fleet – 12 vessels in total. The vessels were expected to be delivered to Teekay by the end of this month and were to operate in the spot tanker market upon or soon after delivery.
More video of the grounded tanker below:
AIS track of Tokyo Spirit (ex-Princimar Loyalty) provided by MarineTraffic.com
President Donald Trump said Tuesday he has directed the U.S. government to provide political risk insurance and financial guarantees for maritime trade transiting the Persian Gulf, while signaling that U.S....
A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.
VLCC charter rates have pushed back into six-figure territory, with DHT Holdings (NYSE:DHT) securing a one-year time charter at $105,000 per day for the 2011-built DHT Redwood — one of the highest publicly disclosed fixtures of...
February 24, 2026
Total Views: 974
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 107,470 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 107,470 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.