The Piper Alpha was a North Sea oil production platform operated by Occidental Petroleum (Caledonia) Ltd.[1] It accounted for around ten per cent of the oil and gas production from the North Sea at the time. The platform began production in 1976[2], first as an oil platform and then later converted to gas production. An explosion and resulting fire destroyed it on July 6, 1988, killing 167 men. Total insured loss was $ 3.4 billion [3]. To date it is the world’s worst offshore oil disaster. “wikipedia”
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Angeliki Frangou’s Navios Maritime Partners (NYSE: NMM) has agreed to purchase four newbuild 115,000 dwt LR2 tankers. The vessels are being acquired for a purchase price of $58.5 million each,...
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