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Sri Lanka Plugs Leak on Fire-stricken Supertanker

Sep 14, 2020

Sri Lanka has initiated repair work on the ruptured fuel oil tank in the engine room of a stricken fully loaded oil supertanker after plugging the leak, the country's Navy said.The supertanker is currently 52 nautical miles (96 kms) from the Sri Lankan coast…

Sri Lanka Working to Stop Fuel Leak from Fire-hit Oil Tanker

Sep 11, 2020

A salvage team is still trying to plug a fuel leak from the fire-stricken New Diamond oil supertanker, Sri Lankan Navy spokesman Indika de Silva said on Friday.The tanker, which is carrying the about 2 million barrels of oil, caught fire on Sept…

BP Charters Supertanker to Store Oil Off Malaysia at "Lowest Rate Yet"

Sep 10, 2020

Oil major BP has provisionally chartered a supertanker to store crude oil off Malaysia at this year's lowest rate yet, according to industry sources and data on Refinitiv Eikon.The charter is the latest in a flurry of ship bookings made by oil majors and trading houses after tanker rates plunged…

Sri Lanka Has "Better Control" Over Fresh Fire on Supertanker, Navy Says

Sep 08, 2020

Sri Lanka has 'better control' over a fresh fire on a loaded supertanker off the island nation and is looking for any signs of potential oil leaks from the ship. A fire first broke out last Thursday in the engine room of the very large crude…

Sri Lanka Tows Burning Supertanker off Coast. One Crewman Presumed Dead

Sep 04, 2020

Sri Lanka began towing a fully loaded supertanker on fire off its east coast after it began drifting towards land, a spokesman for the navy of the Indian Ocean nation said on Friday.The fire was still raging on the New Diamond tanker carrying about 2 million barrels of oil…

Fully Loaded Oil Tanker Catches Fire Off Sri Lanka

Sep 03, 2020

A fully loaded oil tanker has caught fire off the east coast of Sri Lanka, which has dispatched an aircraft and two navy ships to help in the rescue, a Sri Lankan navy spokesman said on Thursday.The New Diamond, a very large crude carrier (VLCC) chartered by Indian Oil Corp (IOC)…

China's Crude Imports Surged 25% in July

Aug 07, 2020

China's crude imports surged 25% in July from a year earlier, as massive purchases made while prices collapsed in April arrived and as some shipments delayed at ports in June finally cleared customs.China, the world's top crude oil importer…

China's Surging Crude Imports Mask Weakness in the Rest of Asia

Jul 27, 2020

The ongoing flood of crude oil into China is obscuring the fact that demand in the rest of Asia remains weak, and that countries in the world's top-consuming region didn't join China is stocking up when prices slumped.China's crude imports set consecutive records in May and June…

China's Oil Port Congestion to Stretch On Well into August

Jul 23, 2020

Congestion at China's east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv data.The massive inflows are straining offloading facilities…

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