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The US has sanctioned 25 tankers and four LPG carriers year to date owing to Iran links. These measures have thus far not had a major impact on exports of crude and condensates, according to preliminary figures from tanker trackers at UANI, but the effect could become more pronounced the coming months
Carriers are reporting strong demand and high load factors. But Red Sea delays have prompted cargo owners to bring forward orders that may turn into excess inventory
Iranian foreign minister announces that the 25 crew of MSC Aries have been released and are free to go home, but MSC Aries itself remains under Iranian control on the grounds that it has ‘jeopardised the security of navigation’
Russia is shipping refined petroleum to North Korea at levels that exceed UN Security Council limits, according to the White House, which has signalled new sanctions targeting shipments are due later this month
Soga says bringing in a new member to The Alliance remains on the table, but it is not an easy task