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Grounded Supertanker Under U.S. Sanctions Refloated

MT Young Yong. Photo: Indonesia Ministry of Transport

Grounded Supertanker Under U.S. Sanctions Refloated

Reuters
Total Views: 1962
November 10, 2022
Reuters

By Ananda Teresia and Isabel Kua

JAKARTA/SINGAPORE, Nov 10 (Reuters) – U.S.-sanctioned oil supertanker Young Yong is being towed to an anchorage area in Nipah, Indonesia, after the stranded tanker was successfully refloated, Commander of Indonesia’s First Fleet Arsyad Abdullah said on Thursday.

The tugboats that had surrounded the ship were also dispersing, data on Refinitiv Eikon and MarineTraffic website showed. 

On Refinitiv Eikon, Young Yong’s status has been changed to “restricted maneuverability” from “aground,” which would indicate the vessel is floating but that the crew does not have full control of the vessel. 

The United States allowed some transactions necessary to dock and anchor the Young Yong safely and make repairs as part of the efforts to free the vessel. The supertanker ran aground off Indonesia’s Riau Islands on Oct. 26 near a gas pipeline. It had been heading to Nipah, a ship-to-ship transfer hub. 

The United States last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran’s elite Quds Force, targeting dozens of people, companies and tankers as Washington sought to increase pressure on Tehran. 

The Young Yong was among the vessels sanctioned through its ownership. 

The supertanker is filled with about 2 million barrels of Venezuelan fuel oil after receiving the cargo through ship-to-ship operations last month, according to vessel monitoring services. 

(Reporting by Ananda Teresia in Jakarta and Isabel Kua in Singapore; Writing by Florence Tan; Editing by Tom Hogue)

(c) Copyright Thomson Reuters 2022.

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