Positive tanker market impact set to continue

As part of its maximum pressure strategy on Iran, the US has issued new sanctions this week aimed at blocking Iranian oil sales. The objective is to reduce the country’s oil exports to zero, preventing the government from funding its nuclear program. The sanctions specifically target individuals and tankers involved in shipping millions of barrels of Iranian crude to China annually. According to VLCC charterer Hunter Group, these measures could positively impact the equivalent of more than 50 VLCCs.

Nordic, Baltic nations tighten controls on shadow fleet

Nordic and Baltic governments are drafting new laws to curb shadow fleet tankers carrying Russian oil. Measures include vessel seizures, stricter insurance rules, and targeting environmental risks. Denmark has already increased tanker inspections, signalling a wider crackdown. However, legal and geopolitical challenges remain. According to Politico, Putin has already threatened retaliation against the EU in response.