Amoco Cadiz oil spill Amoco Cadiz oil spill The oil tanker "Amoco Cadiz" ran aground on Portsall Rocks, from the coast of Brittany, France, on 16 March 1978, and ultimately split in three and sank, all together resulting in the largest oil spill of its kind in history to that date. NOAA estimates that the total oil spill amounted to 220,880 metric tonnes of oil. En route from the Persian Gulf to Rotterdam, Netherlands, via a scheduled stop at Lyme Bay, Great Britain, the ship encountered stormy weather with gale conditions and high seas while in the English Channel. At around 09:45, a heavy
Oil tanker of 24 or more months, 14% were for periods of 12 to 24 months, 4% were from 6 to 12 months, and 24% were for periods of less than 6 months. The average one-year time charter rate for a 5-year-old tanker of 280,000 metric tons of deadweight varied from $56,500 per day in December 2005 to $53,000 per day in September 2007 with a high of $64,500 per day in September 2006. The first half of 2007 was relatively strong, but in the second half rates dropped significantly. A sudden rise in oil production, longer transport routes, and slow steaming