10242017Tue

Iran oil tanker signals for Daesan as Korea continues importing

Bloomberg: An Iranian supertanker is sailing for South Korea’s Daesan port, indicating the Asian country will probably continue to import oil from the Islamic nation after stopping in August and September.

Bloomberg

By Yee Kai Pin

An Iranian supertanker is sailing for South Korea’s Daesan port, indicating the Asian country will probably continue to import oil from the Islamic nation after stopping in August and September.

The Motion, a very large crude carrier that can carry 2 million barrels, left the Persian Gulf port of Kharg Island yesterday and is signaling for Daesan on South Korea’s west coast, according to transmissions captured by IHS Inc. (IHS) on Bloomberg. National Iranian Tanker Co. owns the vessel. Hyundai Oilbank Co. operates a 395,000 barrel-a-day refinery in Daesan.

South Korea halted crude purchases from Iran for two months after its refiners lost insurance coverage on ships because of sanctions over the Islamic republic’s nuclear program. Iran responded by using state-owned tankers to carry cargoes. SK Innovation Co. took delivery of an oil shipment on Oct. 2 in Ulsan, Yoo Jung Min, a spokesman at South Korea’s largest refiner, said last month.

The Marigold, previously known as the Brawny, discharged a separate cargo in South Korea around Oct. 28, ship transmissions show. The VLCC took about 24 days to sail from Kharg Island to Daesan.

South Korea imports almost all its crude requirements.

Search

Iran: Thousands of People Held Protest Rally in Front of Iran's Parliament

Iran: Widespread Protests of Thousands of the People, Plundered by the State Affiliated Financial

Tehran: Widespread Protests of Thousands of the People, Plundered by the State Affiliated Financial

Clashes Erupts in Western City Over killing of Porters by Iran’s Security Forces

Vienna: Iranians Rally in Support of Comprehensive Sanctions against Tehran

Iran: Guidance Patrol harasses women in public places

Iran 22 August 2017: Hundreds of retirees protest outside regime's parliament

Iran, Khuzestan Province: People Clashed With Security Forces

People Chanting Against Iran Regime During the Football Match

Iran: Murder Scene of a Poor Street Peddler by Municipality Agents

Suicide increasing in northern Iran due to crackdown and poverty

Two prisoners were hanged in Sarpol-e Zahab (western Iran)

Iran: Execution of four young men in public in Qeshm- 23 November

The untold story of the 1988 Massacre in Iran

Reyhaneh Jabbari's will Her voice recording from inside prison

Public execution in Kazerun, Iran - August 11, 2016