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Friday, December 4th, 2020
Home » Tag Archives: Tanker Rates

Tag Archives: Tanker Rates

Risk to shipping increases in Middle East with U.S. attack on top Iranian commander

Oil tanker in the hazy distance being attended to by tugboat

January 3, 2020 by Bloomberg By Brian Wingfield and Firat Kayakiran (Bloomberg) –The risk to shipping in the Persian Gulf region is set to rise following a U.S. airstrike in Iraq that killed a top Iranian commander, just months after spiking to record levels on heightened geopolitical risk. The attack, for which Iran has vowed retaliation, escalates tensions in a region that exports …

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Tankers defer retrofits to cash in on record freight rates (We would too at these prices)

October 18, 2019, by Reuters By Roslan Khasawneh SINGAPORE, Oct 18 (Reuters) – Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalise on an unexpected surge in freight rates, three trade sources said. U.S. sanctions on subsidiaries of vast Chinese shipping fleet Cosco in September sparked …

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U.S. Sanctions Hit Global Oil Fleet as Traders Shun Nearly 300 Tankers

October 11, 2019 by Reuters By Marianna Parraga and Roslan Khasawneh MEXICO CITY/SINGAPORE, Oct 11 (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said. The move has taken roughly 3% of the global oil tanker fleet out of the market, …

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Iranian oil tanker hit by two missiles near Saudi port

October 11, 2019 by Reuters By Parisa Hafezi and Sylvia Westall DUBAI, Oct 11 (Reuters) – An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia’s coast on Friday, Iranian media said, an incident that if confirmed will stoke tension in a region rattled by attacks on tankers and oil sites since May. The Sabiti The …

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