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Code: 5358
Type: News

Iran tankers idle in Persian Gulf as oil declines

Date: Tuesday, February 09, 2010
Source: Bloomberg

Iran, OPEC’s second-largest crude producer, has at least three supertankers idling in the Persian Gulf, as oil prices decline five weeks before the group’s next meeting, vessel-tracking data show.
 
The tankers have been almost stationary for at least four weeks, according to data from the ships collected by AIS Live Ltd. The depth of the 2-million-barrel vessels sitting in the water indicates they are loaded.
 
The 1,100-foot Haraz has floated off the United Arab Emirates since Jan. 2 and the Huwayzeh arrived in the same area Jan. 10. The Najm has been near Iran since Jan. 4, according to the data from AIS Live, owned by Lloyd’s Register-Fairplay. Two other ships are in the area and may have partial loads or be preparing to store. The Dadgar has been near Iran since Jan. 1 and the Honar arrived in the area on Jan. 21.
 
Other Iranian tankers are also idled. The Nesa has been off Malta since December and the Davar off Benin in West Africa since November. The ships’ drafts indicate they’re both loaded. As well as being used for Iranian crude, the vessels are also leased out.

 

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