The tanker Front Altair is being towed safely towards an area off Fujairah, with its final destination still unknown, after it was attacked Thursday in the Gulf of Oman.
Company officials said a specialist salvage and inspection crew onboard the heavily damaged LR2 is reporting that no "hot spots" have been found during first inspections of the Frontline-owned ship.
The tug E-Two is also in attendance as the vessel makes its way toward Fujairah.
The company will decide whether a ship-to-ship (STS) transfer of the tanker's naptha cargo will be made once damages are fully assessed.
Chief executive Robert Hvide Macleod said it is too early to say where the tanker will be taken and if it will be repaired.
"Next step is to discharge STS," he said.
There has been no reported marine pollution, according to the John Fredriksen-owned company.
The ship's 23 crew members are now resting in Dubai and have been in contact with their families, Frontline said.
"All crew members will now assist with the debrief to the owner’s legal team and the appropriate authorities, before returning home," the company said.
Frontline said it wishes to "thank all those who contributed to the safe rescue and onward journey of our valued seafarers, who are commended for their professional performance throughout this difficult situation."
Also today, Macleod said the latest best management practice guidelines for the area, known as BMP5, must be "fully engaged", with crews on high alert, for any passage in the Strait of Hormuz.
"The safety of our crews and ships is paramount and we must all be extremely vigilant. The general area of the Strait of Hormuz represents a real and very serious risk to shipping," he said. "Ships must continue to passage the area , but all precautions must be put in place."
Macleod said that after the explosion on the Front Altair, the New York and Oslo-listed tanker owner took immediate action, stopping some of its vessels in the area and only taking action once increased security was in place.
