Geopolitical Risks Send Supertanker Rates to Record Levels

By Olivia Konotey-Ahulu and Firat Kayakiran (Bloomberg) --Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels one of the biggest boosts in years. Rates have rallied so high that a secondhand supertanker could theoretically pay for itself in a couple of voyages, according to estimates from Clarkson Platou Securities AS. A normal … [Read more...]

Oil Tanker Rates Roar to New Records as Geopolitical Risks Swirl

By Olivia Konotey-Ahulu and Firat Kayakiran (Bloomberg) --Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels one of the biggest boosts in years. Rates have rallied so high that a secondhand supertanker could theoretically pay for itself in a couple of voyages, according to estimates from Clarkson Platou Securities AS. A normal … [Read more...]

Iran’s Dark Tanker Fleet Poses Oil World’s Biggest Mystery

By Grant Smith (Bloomberg) --While one Iranian tanker is attracting global attention, serious oil watchers remain absorbed by a bigger mystery: the hunt for the rest of Iran’s fleet. The quest has led to ever more inventive methods of tracking ships, and divergent views on the amounts of crude secretly slipping into world markets. That’s because the vessels have mostly “gone … [Read more...]

Confusion as Turkey Says Iranian Tanker Now Headed Toward Lebanon

By Nerijus Adomaitis and Jonathan Spicer OSLO/ISTANBUL, Aug 30 (Reuters) - Turkey said on Friday that an Iranian tanker at the center of a confrontation between Washington and Tehran was headed to Lebanon's waters after changing course several times, although Beirut said it was not informed of the plan. According to Refinitiv tracking data, the Adrian Darya, formerly called … [Read more...]