India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
The tanker, formerly called Grace 1, was released from detention off Gibraltar in mid-August after a five-week standoff over whether it was carrying Iranian oil to Syria in violation of European Union sanctions.
A Turkish official told Reuters earlier on Thursday that the Iranian tanker had not entered Turkish waters. The tracking data showed the ship was currently between the coasts of Turkey and Cyprus, heading west.
On Monday, IRIB news agency quoted an Iranian government spokesman as saying that Iran had sold the oil from the Adrian Darya and the vessel’s owner will decide on its next destination.
The spokesman did not identify who had bought the oil. After Gibraltar freed the vessel on Aug. 18, the United States said it would take every action it could to prevent it delivering oil to Syria in contravention of U.S. sanctions.
After its release by Gibraltar the vessel, laden with 2 million barrels of oil, had initially headed to southern Greece, then switched its destination to southern Turkey’s Mersin port, before removing any reference to a destination.
(Reporting by Omer Berberoglu and Tuvan Gumrukcu Writing by Daren Butler Editing by Dominic Evans)
(c) Copyright Thomson Reuters 2019.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,162 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 110,162 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up