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
Commodity trading giant Trafigura is launching a new tanker company with plans to raise about $500 million and list the business in Oslo, opening its growing VLCC fleet to outside...
Australian authorities have launched an investigation after the 182,066-dwt bulk carrier Cape Falcon ran aground off the Port of Gladstone, Queensland, with efforts to refloat the vessel so far unsuccessful. The Liberian-flagged...
The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.
September 14, 2026
Total Views: 1405
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 107,009 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 107,009 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.