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Andrea Victory
Marine insurers extend Middle East war risk regions after tanker attacks

Shipowners are reportedly reviewing security arrangements for Fujairah and the Strait of Hormuz

VLCC deck view
Time to step back from Tanker War Two

Important details are missing from our account of the Saudi tanker attacks, but shipping should now be on guard against politically charged security threats

Iranian oil refinery, Tehran
Iran’s crude production to tumble to 30-year low, says IEA

For May, early tracking shows loadings plunging to around 475,000 barrels per day, but the final destinations are not yet known, says the IEA

Damage on the tanker Andrea Victory
Shipping security tightens as investigations probe Iran links to tanker attacks

Photographs emerge confirming initial reports that little damage was done to the four vessels

The Lloyd's List Podcast: Sanctions, safety reports and talent

Listen to the latest edition of Lloyd’s List’s weekly podcast — your weekly briefing on the stories shaping shipping in the week ahead

International Lloyd's List The Shipping Podcast Safety

Tanker trends: Certainty of uncertainty

Tanker demolition is not expected to accelerate until the end of the year, when owners will gain clarity about how IMO 2020 will affect market economics. Coinciding with the fourth-quarter rally this could lift rates, particularly in the larger vessel sizes

Europe Asia Pacific North America

Widening sanctions leaves Ofac open to ridicule

The US administration has sent a message to tanker owners and operators now legally shipping Venezuelan crude beyond the reach of US sanctions that they could yet be drawn into the Ofac net

International Venezuela Cuba

Iran’s crude production to tumble to 30-year low, says IEA

For May, early tracking shows loadings plunging to around 475,000 barrels per day, but the final destinations are not yet known, says the IEA

Middle East and Africa Iran

Venezuelan and Iranian sanctions impact crude shipments

Average VLCC earnings touched minus $2,385 per day last week, according to the London-based Baltic Exchange, after briefly reaching $3,024 per day mid-month and have remained below zero this week

Sanctions Tankers and Gas

China-Iran crude imports slump as cargo-tracking opacity rises

On the face of the available data, oil exports from Iran to China appear to be significantly declining as the US ramps up its rhetoric on sanctions against Iran, but these figures will be revised in the weeks ahead as the picture becomes less opaque

Middle East and Africa Iran

Iran-China crude flow is moving via ship-to-ship transfer network

Lloyd’s List vessel tracking data reveals how a network of Chinese-controlled tankers are moving Iranian crude and switching off AIS signals before conducting ship-to-ship transfers

Iran China

US oil waivers end as Iranian crude exports slump in April

UPDATED: Brent crude traded as high as $74.67 per barrel on Tuesday morning, although it later steadied to $74.12 on London’s ICE Futures Europe exchange

Tankers and Gas Political Risk and Trade

Shipowner 'shocked' by US sanctions listing

The inclusion of PB Tankers in the Ofac listing will be of great concern to other European shipowners who remain involved in the shipment of crude and other petroleum products to and from Venezuela

Tankers and Gas Political Risk and Trade
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Lloyd's List Sanctions