Business

Gas Tanker Runs Aground off Nigerian Coast

A Liquefied Natural Gas (LNG) tanker has run aground off Nigerian coast after taking on a cargo at the Bonny Island export plant, two trading sources said.

The 165,000-cubic-metre-capacity Magellan Spirit tanker, owned by Teekay LNG Partners, ran aground trying to leave the port bound for South Korea, traders said.
Teekay could not be reached for immediate comment.

A trader, according to Reuters, said the tanker was not expected to disrupt inbound or outbound tanker traffic from Bonny Island as it was not blocking the shipping channel.
But it remains to be seen how the cargo’s owner, trading house Vitol (VITOLV.UL), will be affected. Traders said that Vitol might have to seek a replacement cargo on the open market.

Leave a Reply

Your email address will not be published. Required fields are marked *