The vessel, one of the world’s largest crude tankers, signaled distress at 6:30am Iran time on Tuesday, about 75 miles off of Yanbu
Vessels Value examines the impact of a US-Iran conflict on oil shipments in the Arabian Gulf
Bahri signs MoU with International Maritime Industries and Hyundai Heavy Industries for building of new VLCCs
OSC predicts that the three VLCC newbuilds will increase company oil shipping revenues by 10 per cent
The LNG carrier Aseem struck the port side of the 281,400 dwt, Hong Kong-flagged Shinyo Ocean as both vessels were manoeuvring with the anchorage around 2000 UTC on 24 March 2019.
Bahri in its statement added that it strictly adheres to and ensures full compliance with the applicable laws and regulations in every market where it operates.
The work assigned to PowerChina will cover an area of 4.5 km by 2.5 km and will be intended for the building of very large crude carriers (VLCCs), offshore drilling rigs, production platforms and other vessel types.
Acquisitions in the pipeline will be financed from the company’s own funds and banking finance, the CEO said.
It’s unclear what additional security measures have been put in place to satisfy Bahri of the security of its vessels.
At least six Bahri-owned very large crude carriers (VLCCs) have anchored off Salalah as the Bab el-Mandeb strait ban continues.
Bahri said new vessels commissioned into Bahri’s fleet over the last six months helped it offset any negative impact of lower transportation rates during the quarter.
The statement came after the Saudi-led military coalition reported that Yemen’s Houthi movement attacked a Saudi oil tanker in the Red Sea.
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