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International Maritime

Super Oil Tanker Under US Sanction Refloats

The U.S.-sanctioned oil supertanker Young Yong has  been towed to an anchorage area in Nipah, Indonesia, after the stranded tanker was successfully refloated, Commander of Indonesia’s First Fleet Arsyad Abdullah said on Thursday. A VLCC…

VLCC Aground In Indonesia Waters Blacklisted By US 

The Djibouti-flagged VLCC Young Yong which grounded in Indonesia waters of the Singapore Strait on 26 October has been blacklisted by the US as part of network supporting Iranian oil shipments in breach of sanctions. The fully-laden…

Hapag Lloyd Set To Buy SAAM Port Terminals At $1bn Deal

Chile-based SAAM has agreed to sell its port terminals and logistics operations to Hapag-Lloyd in a whooping $1bn transaction. The deal includes 100% of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics…