Big-Star Vessel Reviews and Specifications

On May 10, 2026, two notable tankers, the 'Agios Fanourios I' (IMO: 9759824) and the 'Kiara M', traversed the Strait of Hormuz while their Automatic Identification Systems (AIS) remained disabled. This move comes amid ongoing efforts by Middle Eastern producers and traders to sustain oil exports from the Persian Gulf amidst rising tensions with Iran. Each vessel was transporting roughly two million barrels of Iraqi crude oil. The 'Agios Fanourios I' is set to delivery its load at the Nghi Son refinery in Vietnam on May 26. Interestingly, this tanker had previously faced challenges, having made at least two unsuccessful attempts to navigate the Strait of Hormuz following its oil loading at the Basrah Offshore Oil Terminal on April 17. Meanwhile, the 'Kiara M' also departed the Gulf with its tracking system offline, leaving the destination of its cargo initially uncertain. This strategic maneuver raises questions about maritime security and the evolving dynamics in the region.

In a significant regulatory update, the Office of Foreign Assets Control (OFAC) has officially cleared the tanker 'Kiara M' from its list of sanctioned vessels. This decision is part of the agency's recent actions announced by the U.S. Treasury Department, which have unblocked several entities. The 'Kiara M', which was previously identified by its former name 'Hercules III' in 2003, was last tracked at coordinates 02° 07' N 104° 52' E, situated off the coast of Singapore. Along with the tanker, OFAC has also lifted sanctions against Arctic Voyager Incorporated and Arctic Voyager Inc., both registered in the Marshall Islands. The vessel had made its way to Singapore after navigating through the East China Sea and has previously visited Chinese ports, including Yantai and Dongjiakou, during 2025.

A fresh charter arrangement has been finalized, securing a lucrative rate of $16,000 per day for a term of two years, with options for two additional one-year extensions. This agreement is with the well-known global trader, KOCH. The deal reflects a strong market position and signifies ongoing demand in the maritime sector.

In a significant maritime transaction, a vessel has been sold for an impressive $30 million to buyers from China. This sale highlights the growing investment interest from Chinese entities in the global shipping industry. The transaction not only underscores the vessel's value but also reflects the current trends in maritime commerce as international buyers continue to acquire assets in the sector. As the shipping market evolves, such deals are expected to shape the future landscape of maritime ownership and operations.

On Wednesday, the Hawks' elite policing unit boarded the Greek-registered tanker, Irene SL, in Durban to assist in the investigation following its release from Somali pirates earlier this April. Hawk spokesman Macintosh Polela confirmed, 'We are looking for evidence connected to the pirates.' The Irene SL was hijacked on February 9 while en route from Oman, carrying a substantial shipment of crude oil. A medical doctor was present on the vessel to provide assistance to the crew if needed. While the Hawks attempted to board the ship on Tuesday night upon its arrival, inclement sea conditions forced them to postpone their efforts until Wednesday. This investigation is being conducted in collaboration with international investigators and Interpol. Presently, the Irene SL remains anchored outside Durban's port.