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Strait of Hormuz

With the seizure of the Adrian Darya 1 (formerly Grace 1) by Gibraltar the Iranian government responded by seizing the UK flagged Stena Impero. With US administration's "maximum pressure" campaign continuing against Iran tension within the region continues to rise. Trade treads carefully with risk to seafarers and increased premiums against a backdrop of geopolitics

Hot Topic one stream

China looks to Iran for secure oil supply

It’s still far from a done deal. Yet if it does come off, it will mark a decent boost to tonne-mile demand for tanker operators in a political position to accept the stems. That won’t be most

Biden’s recovery plan in first 100 days will benefit shipping

There is no doubt that the US economy is rebounding due to Mr Biden’s efforts, which have largely resulted in more money being spent on services and consumer goods that benefit shipping

Flag of Iran a padlock economic sanctions US Credit: Alexander Sanchez / Alamy Stock Photo
More than 200 tankers could flood market if Iran sanctions lifted

Removal of the sanctions, fully reimposed in early 2019, would allow Iranian crude exports to officially resume and remains one of the largest wildcards facing tanker owners

Iran flag and oil production
Iran’s ‘rogue armada’ of sanctions-skirting tankers revealed

Ships are not part of Iran’s state-owned fleet but performing the same role, says non-government organisation, noting vessel numbers rose from 70 at end of last year

Why the Adrian Darya 1 saga is an issue for the whole industry

The saga of the Adrian Darya 1, now expected to deliver its cargo of 2m barrels of Iranian crude to Syria in direct contravention of its release agreement, is an embarrassing political episode, but it should not be written off by shipping as an anomalous example of deceptive political posturing — there is a risk to the wider industry that must be addressed

Iran Sanctions Tankers and Gas

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China looks to Iran for secure oil supply

It’s still far from a done deal. Yet if it does come off, it will mark a decent boost to tonne-mile demand for tanker operators in a political position to accept the stems. That won’t be most

Iran China

Biden’s recovery plan in first 100 days will benefit shipping

There is no doubt that the US economy is rebounding due to Mr Biden’s efforts, which have largely resulted in more money being spent on services and consumer goods that benefit shipping

United States US States

More than 200 tankers could flood market if Iran sanctions lifted

Removal of the sanctions, fully reimposed in early 2019, would allow Iranian crude exports to officially resume and remains one of the largest wildcards facing tanker owners

Middle East and Africa Iran

Iran’s ‘rogue armada’ of sanctions-skirting tankers revealed

Ships are not part of Iran’s state-owned fleet but performing the same role, says non-government organisation, noting vessel numbers rose from 70 at end of last year

Middle East and Africa Iran

Abandoned bulker crew beg for relief

The vessel was registered with St Kitts and Nevis at the time of the abandonment, but has been re-flagged with Tanzania since August 2020, data shows

Dry Bulk Crewing

US fails on Iran sanctions enforcement promise as China crude imports escalate

China projected to import more than 1m barrels per day of Iranian crude in April, the highest monthly volume since sanctions were fully re-imposed in mid-2019

Middle East and Africa Iran

Iran linked to another attack on Israeli shipping

Local media said the Israeli-owned Hyperion Ray was attacked with a missile near Fujairah, but it may have missed the ship. Owner Ray Shipping said there was no damage

Middle East and Africa Iran

Nauru flag targeted by sanctioned shipowner

There are 75 tankers now registered with 17 flags of African countries, or Pacific or Caribbean islands with little technical expertise or large vessels in their fleets, Lloyd’s List Intelligence data shows

Nauru Asia Pacific

Iran releases seized South Korean tanker

Iran has released the South Korean tanker Hankuk Chemi, which was seized in January amid a row concerning oil funds frozen by South Korean banks. South Korea said the captain and cargo were safe

Middle East and Africa Iran
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