Several tanker companies have ships headed for the Gulf of Oman and during the next few days they will decide whether to continue doing business in the region. There are concurrent reports of high day rates, the head of a larger tanker pool tells ShippingWatch.
Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.
US officials have released a video they say show Iran was involved in an attack on an oil tanker near the entrance to the Persian Gulf on Thursday, one of a pair of incidents that have raised tensions between the US and the Islamic Republic over the past day. Watch the video here.
The conflict in the Gulf of Oman has escalated due to several reasons, says Risk Intelligence following attacks on two tanker vessels in the area Thursday morning. Bimco says the situation is so severe that it represents the stage just prior to an armed conflict.
Vessel Front Altair, owned by John Fredriksen's tanker shipping company Frontline, is among two ships attacked off the coast of Fujairah in the Gulf of Oman. The crew of the Frontline vessel has been picked up, sources tell ShippingWatch.
Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to US sanctions on Iran.
The US government has issued a new warning to the shipping industry to not violate the recently reintroduced sanctions by, for example, sailing Iranian oil to Syria. At the same time, the US also introduces new sanctions against nine Iranian targets.
More than 200 individuals and ships in the Iranian shipping and energy sector, including the two major state-owned carriers, are included on the US sanction list. The US warns the global shipping industry against Iranian attempts to evade the sanctions.
The US sanctions against Iran will come into force Monday. Many European crude tankers have pulled out of the market, but the sanctions have not stopped the Iranian oil from reaching the market, shows a new analysis from Danish Shipping.