Daily Archives: June 16, 2019

Piracy, collisions, missiles: tankers in troubled waters

Tankers like those apparently attacked Thursday in the Gulf of Oman operate through increasingly treacherous waters, facing mounting dangers from piracy and collision as well as geopolitical hazards.

Around 60 million barrels of petroleum product move each day on the …

Shipowners hold back from taking bookings for Middle East cargoes

A large number of shipowners were not accepting bookings for Middle East cargoes on Friday, citing lack of clarity on safety after Thursday’s attacks on two tankers in the Gulf of Oman, Singapore-based shipbrokers and Asian market sources said.

The …

Risks rise in key oil chokepoint Strait of Hormuz

An alleged attack Thursday on two oil tankers near the Strait of Hormuz may increase levels of risk in the Middle East’s key crude supply and shipping artery.

The Front Altair and the Kokuka Courageous were carrying cargoes including naphtha …

Middle East tanker attacks send ship insurance soaring

The recent spike in attacks on tankers near the Persian Gulf is inflating insurance premiums for ships transiting through the wider Middle East, increasing the cost of transporting oil from the region.

Insurance rates for crude oil tankers loading in …