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...]
U.S. Blacklists Oil Shipping Network Allegedly Run by Iran Revolutionary Guards
By Jonathan Landay and Arshad Mohammed WASHINGTON, Sept 4 (Reuters) - The United States on Wednesday blacklisted an "oil for terror" network of firms, ships and individuals allegedly directed by Iran's Islamic Revolutionary Guard Corps (IRGC) for supplying Syria with oil worth hundreds of millions of dollars in breach of U.S. sanctions. Washington also issued a new … [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...]