GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
Tanker reports external explosion off Oman coast, crew safe, UKMTO says - Finance news and analysis from Global Banking & Finance Review
Finance

Tanker reports external explosion off Oman coast, crew safe, UKMTO says

Published by Global Banking & Finance Review

Posted on May 26, 2026

2 min read

· Last updated: May 26, 2026

Add as preferred source on Google

Tanker reports external explosion off Oman coast, crew safe, UKMTO says

Incident Details and Response

Explosion Reported Near Oman

DUBAI/OSLO, May 26 (Reuters) - United Kingdom Maritime Trade Operations said on Tuesday that a tanker had reported an external explosion on the vessel's port side, close to the waterline, 60 nautical miles off Oman's capital Muscat.

Vessel and Crew Status

UKMTO said the vessel, identified as the Olympic Life, and its crew were safe, although the tanker reported some bunker fuel had been discharged into the sea. It said the cause of the incident was unknown. 

Vessel Movements and Tracking

According to MarineTraffic vessel-tracking data, the Greek-owned Very Large Crude Carrier was sailing past Muscat at around 0700 GMT, heading out of the Gulf of Oman, and was not carrying cargo.

Technical Assessment and Company Response

Statement from Springfield Shipping

The ship's technical manager, Springfield Shipping, said the vessel was struck by an unidentified object at about 0920 GMT, but remained stable and operational.

Damage and Environmental Impact

"An initial assessment indicated that there was damage to one of the vessel's bunker tanks. A sheen was reported in the water after the incident," it said in a statement to Reuters, adding that the spill had since been contained.

Ownership and Background

The vessel is owned by Athens-based Olympic Shipping & Management, the successor to Olympic Management founded by late shipping magnate Aristotle Onassis, according to the Onassis Foundation's website.

Reporting Credits

(Reporting by Ahmed Elimam and Jana Choukeir; Additional reporting by Nerijus Adomaitis in Oslo; Editing by Bernadette Baum, Alison Williams, Rod Nickel)

Key Takeaways

  • Olympic Life, a very large crude carrier owned by Olympic Shipping & Management, was sailing empty when it reported the external explosion off Oman’s coast—no casualties were reported. (arabnews.com)
  • Some bunker fuel spilled into the sea, though crew and vessel remained safe; authorities are investigating the incident’s cause. (arabnews.com)
  • The incident comes amid heightened maritime insecurity in the Strait of Hormuz, which has seen multiple attacks, explosions, and navigational hazards in recent months. (gcaptain.com)

References

Frequently Asked Questions

What happened to the tanker near Oman?
The Greek-owned tanker Olympic Life reported an external explosion on its port side, 60 nautical miles off Muscat, Oman.
Was the crew of the tanker affected by the explosion?
No, the crew and the tanker Olympic Life were reported safe after the explosion.
Was there any environmental impact from the incident?
Some bunker fuel was discharged into the sea, but the vessel was not carrying cargo at the time.
Who owns the tanker involved in the incident?
The tanker Olympic Life is owned by Athens-based Olympic Shipping & Management.
Is the cause of the explosion known?
According to UKMTO, the cause of the explosion remains unknown.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category