HORMUZ TRACKER: Iran-Linked Ships Are the Only Ones to Transit [Yahoo! Finance Canada]
SINO-OCEAN GRP UNSP/ADR (SIOLY)
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Source: Yahoo! Finance Canada
During the observed window, one Iran-linked bulk carrier departed the Persian Gulf, according to vessel-tracking data compiled by Bloomberg. No ships appeared to make the journey in the opposite direction. Most Read from Bloomberg The last commercial ship with no apparent link to Iran to transit Hormuz was the Chinese-owned bulk carrier Sino Ocean, which made the crossing on Saturday morning. Traffic through the Strait of Hormuz, a vital energy artery, has effectively halted following several attacks on merchant ships. Missile and drone activity continues to pose a critical risk to all vessels in the vicinity. The inability to move oil tankers into and out of the Gulf means storage tanks are filling and some refineries have cut capacity. Iraq has been forced to scale back production, Kuwait and the United Arab Emirates have followed, while Saudi Arabia is boosting shipments from its terminals in the Red Sea to record levels. By Friday, there were just nine empty supertankers
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