Stolt Valor on Fire, Photo via saudinow.com
Stolt Tankers B.V., a subsidiary of Stolt-Nielsen Limited (Oslo Børs: SNI) and owner and operator of MT Stolt Valor, reported today that the fire on the ship has been contained. One crew member is still missing.
The ship is under tow approximately 45 miles off the coast of Qatar. There has been no spillage of fuel oil from the ship, nor any reported or visible spillage of cargo. Stolt Tankers continues to work in close cooperation with the authorities, salvage experts and insurers to salvage the ship and its cargoes and to avoid any environmental impact.
Full investigations into the cause of the accident are being conducted by the flag state and the Company.
MT Stolt Valor is a 2004-built chemical tanker of 25,268 dwt. The ship has been declared a constructive total loss for insurance purposes. The Company has insurance coverage in place customary for the trade and is fully covered.
Read more: USS John Paul Jones Rescues Crew from Burning Stolt Valor Tanker [IMAGES]
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
What (Acting) Secretary Hung Cao’s First Five Months Tell Us About the Job Ahead By Bruce Kimbrell (Policy Op-Ed) President Trump has nominated the Honorable Hung Cao to become the...
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...
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.
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
