Discover the Regency: Ratings & Maritime News

In a significant maritime transaction, a vessel has been sold for a striking $8.5 million to buyers from China. This sale reflects the growing interest of Chinese investors in the maritime industry, showcasing their expanding influence in global shipping markets. The recent acquisition underscores the dynamic nature of vessel sales, as industry players continue to navigate a competitive landscape. Details regarding the vessel's specifications and future operational plans remain to be disclosed.

On September 14, 2017, the oil tanker 'Astral Express' found itself aground on the Karnaphuli River in Chittagong during a maneuver to dock at an oil jetty. The vessel was transporting a substantial cargo of 27,000 tons of diesel fuel at the time of the incident. Fortunately, maritime traffic in the channel remained unaffected, allowing other vessels to continue their operations unhindered. Later that same afternoon, with the assistance of rising tides, the Astral Express was successfully refloated and secured at the jetty by 2 p.m.