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Thursday, February 10, 2011

Threats to Western Oil: 2 Tankers Hijacked in 2 Days

by Gil Ronen
Major oil lines to the West are under severe threat after a second supertanker was hijacked in as many days in the Arabian Sea. Shipping officials said the Irene SL was pirated Wednesday morning about 350 nautical miles south-east of Muscat in the North Arabian Sea. It was carrying about two million barrels of crude oil, worth about $200 million.
With a dead weight of 319,247 tons, the Greek ship is in the supertanker category. The vessel was on its way to Suez from Fujairah when it was attacked, according to the European Union Naval Force (EUNAVFOR), which protects vessels from piracy. The ship has a crew of 25: seven Greeks, one Georgian and 17 Filipinos. 
 
EUNAVFOR said, "There is presently no communication with the vessel and no information regarding the condition of the crew." 
 
One shipping official called the hijacking a "significant shift in the impact of the piracy crisis" that has placed major oil lines to the West "under severe threat."
 
Read the whole article on: Arutz7

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