Oil and LNG Tankers Navigate Hormuz Amid Ongoing Conflict
Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, China
The Economic TimesImage: The Economic Times
Amid the ongoing U.S.-Israeli conflict with Iran, oil and liquefied natural gas (LNG) tankers are departing the Strait of Hormuz. A tanker carrying LNG is heading to Pakistan, while a supertanker with Iraqi crude is en route to China after being stranded for months.
- 01The LNG tanker Fuwairit is expected to discharge its cargo in Pakistan after departing the Strait of Hormuz.
- 02The VLCC Eagle Verona, carrying Iraqi crude, is on its way to Ningbo, China, after being stranded for nearly three months.
- 03Before the conflict, the Strait of Hormuz saw 125 to 140 daily shipping passages, critical for global oil and LNG supply.
- 04Approximately 20,000 seafarers remain stranded on hundreds of vessels in the Gulf due to the ongoing conflict.
- 05Iran has mandated specific transit routes for ships amid the conflict, impacting shipping logistics.
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A liquefied natural gas tanker, Fuwairit, is currently exiting the Strait of Hormuz and is set to deliver its cargo to Pakistan. This follows the departure of the VLCC Eagle Verona, which is carrying Iraqi crude to China after being stranded for nearly three months due to the ongoing U.S.-Israeli conflict with Iran that began on February 28. The Strait of Hormuz is a critical maritime route, through which around one-fifth of the world's oil and LNG supply typically flows. The conflict has severely limited shipping activities, with only a few supertankers navigating the strait this month. Previously, the strait averaged 125 to 140 daily shipping passages, but the current situation has left about 20,000 seafarers stranded aboard hundreds of vessels in the Gulf. The Fuwairit, flagged under the Bahamas, loaded LNG at Qatar's Ras Laffan port and is expected to reach Pakistan on Tuesday. Meanwhile, the Eagle Verona, chartered by Unipec, is projected to arrive at Ningbo port in China by June 12.
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The ongoing conflict is disrupting global oil and LNG supply chains, affecting energy prices and availability.
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