• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 5 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 15 hours Socialists want to exorcise the O&G demon by 2030
  • 50 mins Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 10 hours Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 16 hours Chevron to Boost Spend on Quick-Return Projects
  • 18 mins Maritime Act of 2020 and pending carbon tax effects
  • 23 hours UK, Stay in EU, Says Tusk
  • 16 hours Conspiracy - Theory versus Reality
  • 1 day What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 1 day German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 23 hours Regular Gas dropped to $2.21 per gallon today
Alt Text

The Oil Bull Market Is Back

Oil entered a bull market…

Alt Text

New Audit Shows Higher Aramco Oil Reserves

A new independent audit of…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Trending Discussions

Tanker With 19 On Board Disappears In Pirate-Infested Waters Off Africa

A tanker with 19 crew members on board is feared to have been hijacked after it went missing in pirate-plagued waters off Gabon in West Africa and no word has been heard from it for a week, the ship’s managers and the crew agency said on Wednesday.

Communication was lost with the Panama-registered Pantelena at about 2 a.m. local time on Aug. 14, at which time it was about 17 miles from the port of Libreville, in Gabon, Athens-based Lotus Shipping said in a statement.

(Click to enlarge)

According to Reuters, the head of the Georgian crew agency Ialkani, Anzhela Oganesyan, said two Russian nationals and 17 Georgians were aboard the tanker. She said she had no news so far about the vessel’s fate. Lotus gave no further details on the cargo and crew, and did not say if it believed the Pantelena had been hijacked by pirates. The vessel is a dual purpose oil or chemicals tanker.

“We at Lotus Shipping, acting on behalf of the vessel’s owners...have set as our first and foremost priority to safeguard the safety of the crew and with their interest in mind we cannot provide any additional media comments at this point in time,” it said.

Related: This Vital Oil And Gas Choke Point Could Be At Risk

The Pantelena was on route from Lome to Libreville and was last seen nearing the Gabon coast at 9 p.m. on Aug. 13, according to ship tracking data on Reuters, which lists the ship as a double-hulled oil tanker managed by Lotus.

The Gulf of Guinea has become an increasing target for pirates who steal cargo and demand ransoms. Piracy-related issues were a decade ago focused off the East African coast, particularly Somalia’s unpoliced waters.

Ships in the Gulf of Guinea were the target of a series of piracy-related incidents last year, according to a report in January by the International Maritime Bureau (IMB), which highlighted the waters off West Africa as an area of growing concern.

Ten incidents of kidnapping involving 65 crew members took place in or around Nigerian waters, the IMB said. Globally 16 vessels reported being fired upon, seven of which were in the Gulf of Guinea.

By Zerohedge.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment
  • Dan on August 22 2018 said:
    Since all boats have GPS, black boxes and crew with smartphones, logical?
  • Richard Frey on August 23 2018 said:
    Ocean Shipping Companies are like the Large Sheep Owner who complains about Wolves killing his Flock but refuses to buy his Shepard a Shotgun.........

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News