Tanker Market: New Markets Emerging in Asia

The tanker market can’t keep relying on China’s imports, which have been a major growth factor during the past couple of decades. In its latest weekly report, shipbroker Gibson said that “in the past decade, oil demand has been defined by rapid growth in the Chinese...
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Iran seizes foreign tanker on fuel smuggling allegations

Iran seizes foreign tanker on fuel smuggling allegations
Iranian authorities have seized a foreign tanker in the Gulf of Oman for smuggling 2 million liters (around 528,000 gallons) of fuel, the chief justice of southern Hormozgan province said on Wednesday. The vessel was intercepted “after legal documents related to its...
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