Read Authentic Ratings for the Plata-South

In a bold act of piracy, the 'Plata South' was targeted by a group of five assailants on May 20, 2025, at 3:45 a.m. The vessel was navigating the eastbound lane of the Traffic Separation Scheme (TSS) in the Singapore Strait, approximately 4.4 nautical miles off Pulau Cula, located at coordinates 1° 3.4' N, 103° 38.3' E. Armed with knives and gun-like objects, the perpetrators breached the ship's security, making off with valuable properties and crucial engine spare parts. This incident raises significant concerns regarding maritime safety and security in one of the world's busiest shipping routes.

In a significant move in the maritime sector, STATOIL has secured a new charter agreement valued at $46,000 per day for a duration of one year. This strategic partnership is expected to enhance STATOIL's operational capabilities in the industry, allowing for improved trading efficiency and growth. The new charter signifies STATOIL's ongoing commitment to expanding its maritime presence and optimizing its fleet operations.