Oil Tanker Rates Hit Record Highs Following Iran, US Shipping Attacks
The cost of shipping oil in the largest tankers hit record highs this week following the biggest wave of attacks on shipping since the U.S.-Iran war began in late February.
Patrol vessel KN. Pulau Marore-322, owned by Indonesia's Maritime Security Agency (Bakamla) patrols to inspect the Iranian-flagged Very Large Crude Carrier (VLCC), MT Arman 114, and the Cameroon-flagged MT S Tinos, as they were spotted conducting a ship-to-ship oil transfer without a permit, according to Indonesia's Maritime Security Agency (Bakamla), near Indonesia's North Natuna Sea, Indonesia, July 7, 2023 in this handout picture released July 11, 2023. Indonesia's Maritime Security Agency (Bakamla) / Handout via REUTERS
Most Iranian-flagged tankers have begun transmitting properly over the Automatic Identification System (AIS) without spoofing for the first time in seven and a half years, according to TankerTrackers.com.
The sudden shift, which began Tuesday, marks a significant change in the operational transparency of Iran’s maritime fleet. The reasons behind the decision remain unknown.
Two independent AIS data providers have confirmed the change in transmission patterns, TankerTrackers said.
For more than seven years, Iranian vessels have employed AIS spoofing techniques to obscure their actual positions and movements. The practice has been widely used to evade sanctions and monitoring of Iranian oil exports. The abrupt return to standard AIS broadcasting represents a notable departure.
Iran has previously vowed to retaliate against Western assets in the Middle East region if their vessels were provoked in any manner, according to TankerTrackers.
The timing and motivation for the switch remain unclear, and it is uncertain whether the change represents a policy decision by Iranian authorities or something else.
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up