Commenting on the previous allision between the tanker and a Persian Gulf oil platform in March, the MPA notes the ship manager, Transpetrol Ship Management Pte Ltd, had reported the incident to MPA on 23 March, and s the Flag Administration of Alpine Eternity, MPA had “immediately commenced a marine safety investigation into the incident in accordance with the International Maritime Organization’s Casualty Investigation Code, and the investigation is still in progress.”
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Iran’s oil exports slipped modestly in January, but the data points to durability rather than decline. A mature dark fleet ecosystem continues to move crude through opaque networks, with activity increasingly concentrated in Malaysian waters even as U.S. sanctions enforcement expands across new regions.
Tsakos Energy Navigation CEO Dr. Nikos Tsakos says geopolitical turmoil and the rapid expansion of shadow tanker trading have created a severe shortage of high-quality vessels, pushing charter rates to levels rarely seen in the industry. Speaking during a recent investor presentation, Tsakos said nearly a third of the global tanker fleet has been sidelined by sanctions, leaving oil majors scrambling for compliant tonnage and reshaping global energy trade routes.
International Seaways, Inc. (NYSE: INSW) has acquired sole ownership of Tankers International, one of the world’s leading shipping pools, while simultaneously expanding the platform beyond its traditional VLCC focus to...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
