Somali maritime police said on Tuesday that they had recovered an oil tanker, the MT Honour 25, which was hijacked by armed pirates off the coast of Puntland, Somalia on April 21, 2026.
The Gauhati High Court has dismissed an appeal filed by the Union of India seeking Rs 62,100 in compensation for damage caused to an Air Force vehicle after it collided with a parked oil tanker on ...
A US-sanctioned oil tanker hijacked by Somali pirates last month has been rescued after being chased down and ambushed by maritime police, officials in the semi-autonomous Puntland region told AFP on Friday.
NAIROBI, Sept 25 (Reuters) – A US-sanctioned oil tanker, Sibu 1, has been freed after being hijacked by Somali pirates in August, the maritime police force in Somalia’s semi-autonomous Puntland region said on Friday.
The cost of insuring an oil tanker loaded from Saudi Arabia's main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer's struggles to find a viable channel for its exports.
When the US government filed a forfeiture complaint against an oil tanker holding 1.8 million barrels of crude that was seized in the November during the Venezuelan blockade, the vessel’s owner intervened to block the sale of the ship.
Oil tanker rates have surged to a record $1.2 million a day on key routes in West Asia as the US war on Iran continues to disrupt shipping and trigger a severe shortage of some of the world’s largest crude carriers, according to a report.