Oil Tanker Explodes on Chao Phraya River, One Crew Member Dies, 3 More Injured

An oil tanker exploded on Sunday on the Chao Phraya River as it was mooring to unload oil in Bangkok’s Phra Khanong. The incident resulted in the death of one crew member and injured three others.

Ampar 8 Bangkok, the tanker was loaded with nearly three million liters of crude oil...

China accepts Russian oil tankers and offers other payment methods

According to people familiar with the situation, Chinese refiners are paying for Russian crude oil via cash transfers to sustain imports from Russia's Fast East, since banks are unable to finance the oil due to sanctions.

Banks stopped funding Russian oil when the US and other natio...

Hijack Threat, Warned by UK

Amidst the tensions going on between Iran and the other powers of the world regarding the nuclear deal, the British Navy has warned the UAE waters and the Gulf of Oman about a potential ship hijack. Having blamed Iran for the drone attack on the oil tankers on the coast of Oman, resulting in the ...

S. KOREAN ANTI-PIRACY UNIT BEGINS OPERATIONS NEAR THE STRAIT OF HORMUZ

Highlights –

• S. Korean anti-piracy unit begins operations near the Strait of Hormuz.
• Iran had seized a South Korean oil tanker named MT Hanuk Chemi.
• The vessel is said to have been traveling from Saudi Arabia to the UAE.
• Te...

CRUDE OIL STORAGE: A JACKPOT HITTING BUSINESS TODAY

Highlights:

• Crude oil is more than in abundance today
• With pandemic shutting down economies and travel, there is an urgent need for storage
• Oil tankers and crude oil storage firms are enjoying one of the best periods in their businesses  

Iran Oil tankers hit by missiles in UAE

Iran stated that one among its oil tankers had been hit by missiles near Saudi Arabia’s port town of Jeddah, inflicting an oil spill and reigniting issues regarding maritime security within the Gulf.

Iran’s oil tanker company, that owns the Sabiti tanker, said that two missi...

Oil tanker hit in Red sea

Iran said rockets struck one of its tankers in the Red Sea, the most recent in a series of attacks on oil infrastructure in the locale that have annoyed energy markets.

The Islamic Republic's tanker organization at first said the attacks likely originated from Saudi Arabia, however ...