01242018Wed

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 Protests- January 5, 2018 City of Tabriz, Protests Inside the Football Stadium

Iran Protests- Jan. 5, 2018 City of Tabriz, Protests Inside the Football Stadium

Iran Protests- 5 Jan 2018 - Crowd Chants Slogan Against State Security Forces

Iran- Dezful - South of Iran, the Funeral of Mohsen Adeli Who Was Killed by Regime During Protests

Iran Protests- January 5, 2018. Tabriz, the Repressive Special Guards Run Away From Youths

Iran Protests - Jan. 4, 2018 - City of City of Dezful -Southwestern Iran

Iran Protests- Tehran, January 3, People Fight Back Against Plain Clothes and Security Agents

Iran Protests- Tehran Jan 3, Outraged People Chanting, Death to Khamenei, Death to the Dictator

Iran Protests- Jan 4, 2018- City of Isfahan

Iran Protests- January 2, 2018 Ahwaz, Sixth Day of Uprising

Iran Protests- Sixth Day of People's Uprising Against the Regime, Tehran, January 2, 2018

Iran - Jan. 1, 20117. Protesters Shot by Regime's Security Forces in a Hospital, in Shahinshahr

Iran Protests- January 1, 2018 Toysercan , Hamadan Province, Fourth Day of Uprising

Iran Protests- Fifth Day of People's Uprising Against the Regime, Shadegan, January 1, 2018

Iran Protests- Fifth Day of People's Uprising Against the Regime, Dehloran, January 1, 2018

Iran Protests- People's Uprising Against the Regime, Tehran, January 1, 2018

Iran Protests- Fifth Day of People's Uprising Against the Regime, Tehran, January 1, 2018

Iran Protests- 1 Jan 2018 Heavy Presence of Repressive Security Forces in Ahvaz Southwestern Iran

Iran Protests- Yazd Central Iran, Uprising of the People Against the Regime, January 1, 2018