China Tankers Join Line to Test Hormuz Exit and Iran Truce [Yahoo! Finance]
MITSUI O.S.K. LINES U/ADR (MSLOY)
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Source: Yahoo! Finance
to leave the Persian Gulf under a day-old US-Iran ceasefire, even as shipowners scrutinize the status of the narrow waterway. The Cospearl Lake, a very-large crude carrier linked to China's state-owned Cosco Shipping Corp., and He Rong Hai, owned by a smaller entity, appeared to be traveling east early on Thursday morning at near top speeds, according to ship-tracking data, before coming to a virtual halt. Both are signaling Chinese ownership on their tracking systems, a move typically done for safety during Iran-approved transits. The tankers are part of a growing armada amassing at the entrance to the strait, off the United Arab Emirates. A Saudi Arabian-flagged VLCC, the Jaham, has moved east toward a nearby holding area off Dubai. They join two Indian-flagged, fully-laden supertankers that have been in the area since late March — the Desh Vibhor, which is off Ras Al Khaimah, and the Desh Vaibhav, which is near Dubai. Iran and the US agreed to a pause in fighting in exchange
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