Reviews & Ratings for the Rex-1

The International Transport Workers' Federation (ITF) has flagged the vessel REX 1 (IMO: 9219056) as a case of abandonment. Registered under the flag of Panama, the ship was last docked at Khor Al Fakkan in the United Arab Emirates. As of the report dated October 21, 2025, there are 19 seafarers from Georgia and Turkiye onboard who have not received their owed wages. The situation remains open as the ITF continues to monitor this case, highlighting ongoing concerns regarding crew abandonment and seafarer welfare. This information is part of the ITF's comprehensive list that documents abandonment incidents around the globe.

In a significant move to modernize its operations, Norwegian tanker company DHT Tankers has finalized the sale of its last remaining suezmax vessel, the DHT Target, originally built in 2001. The transaction, completed in April, was valued at $22.5 million and reflects the company's ongoing fleet renewal initiatives. Over the past six months, DHT Tankers has enhanced its portfolio with the acquisition of three new Very Large Crude Carriers (VLCCs). Furthermore, the company is poised to receive an additional three newbuild VLCCs in the upcoming six months. As part of the sale, DHT incurred an impairment charge of $8.1 million. The net proceeds from this transaction will be strategically allocated towards reducing debt obligations under a $22.3 million facility with RBS.