Tankers: First Suezmax chartered to load Iranian crude oil post sanctions

According to this article on Singapore (Platts)–2 Feb 2016 806 am EST/1306 GMT, Litasco, the trading arm of Russia’s Lukoil, is set to ship the first Suezmax-sized cargo out of Iran after international sanctions were lifted three weeks ago, market sources said Tuesday.

Litasco has placed the Distya Akula on subjects for a Kharg Island to Constantza voyage, loading 130,000 mt of crude over February 5-10, market sources said.

Further details couldn’t immediately be confirmed and Litasco declined to comment on the matter.

The 1995-built India-flagged Distya Akulawas, formerly the Front Glory, was last tracked in the Persian Gulf heading towards Al Basrah on January 31, according to cFlow, Platts trade flow software.

This fixture was to replace the Eurospirit, which was first heard booked by Litasco on January 26, said ship brokers.

The next Suezmax loading out of Kharg Island was heard to be done by Spanish refiner Cepsa, market sources said.

The sources added that Cepsa would use a Suezmax tanker in its own fleet, the Monte Toledo, to lift 130,000 mt of crude from Kharg Island to Spain.

Cepsa couldn’t immediately be reached for comment.

Currently, the Monte Toledo is in the Mediterranean en route to Port Said, showed cFlow.

–Wanda Wang, wanda.wang@platts.com
–Edited by James Leech, james.leech@platts.com

Here is a way to follow the tanker’s (the Distya Akula) actual movements.

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About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
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