Saudi state oil tanker company suspending shipments through Hormuz - FT

Jan 09 2020


The Financial Times reports that Saudi state oil tanker company is suspending shipments through Hormuz following Iranian missile strikes on US military bases in Iraq.

“I think a lot of people are waiting to see if there is any attacks or direct involvement of tankers,” said Richard Matthews, head of research at Gibson shipbrokers was reported as saying. “Beyond the obvious heightened risk, most people are in wait-and-see mode. We haven’t seen a significant shift in tanker rates or insurance rates yet, but it is still very much early days.”

FT article


Related News

Yemen: Decaying oil tanker in Red Sea threatens disaster

(Jul 16 2020)

The stranded vessel is loaded with more than a million barrels of crude oil.



Tankers not loading in Italy for fears of quarantine

(Mar 19 2020)

Some tanker operators in the "West of Suez" market are declining to load cargoes in Italy, due to risks that they might be asked to "quarantine" when they discharge elsewhere, according to a Platts report.



International Chamber of Shipping (ICS) issues new Coronavirus (COVID-19) guidance

(Mar 12 2020)

Document produced in collaboration with international bodies; WHO, IMO, ECDC and IMHA.



USCG warning on Libya

(Apr 04 2014)

Earlier this week, the US Coast Guard (USCG) issued a Port Security Advisory regarding Libya.



Making money in a tough market

(May 01 2013)

Tanker Operator's April Athens conference in the current series 'Making Money in a Tough Market' drew a large audience.



June 2020

low carbon strategy - digital tanker market models - battery explosions - better catering onboard - challenges of ballast installations