Discover the Prestigious: Ratings & Maritime News

The oil tanker 'Prestigious' continues to be held by the Nigerian Navy at the Bonny River Anchorage following its seizure over suspicions of illegal oil bunkering activities. This vessel, operated by Newcross Exploration and Production Ltd., plays a crucial role in servicing barges that transport crude oil to large export ships operating off the coast of Bonny. The tanker was detained by the Inspector-General of Police’s specialized Oil Bunkering Team, reflecting the ongoing crackdown on illicit oil activities in the region.

In a notable transaction within the maritime industry, a vessel has been sold for an impressive $10 million to the Greek company Coral Shipping. This acquisition marks a significant step for Coral Shipping as it continues to expand its fleet. The deal highlights the ongoing activity in the shipping market, where strategic purchases are essential for companies to enhance their operations and competitiveness.