[BITList] Hurt Tankers

x50type at cox.net x50type at cox.net
Wed Jan 4 03:16:44 GMT 2012


      Amazing – why didn’t I think of that?
      ct

      Iran Closing Hormuz Strait Would Hurt Tankers, Arctic Says
      January 03, 2012, 9:17 PM EST 
      (Updates tanker bookings in seventh paragraph.)

      Jan. 3 (Bloomberg) -- Iran’s threatened closing of the Strait of Hormuz, the biggest global chokepoint for seaborne oil trade, would cut demand for the largest tankers by blocking their busiest route, according to Arctic Securities ASA.

      Very large crude carriers would have fewer cargoes from the Persian Gulf, the biggest source of shipments, said Erik Nikolai Stavseth, an Oslo-based analyst at Arctic. Each of the vessels can haul 2 million barrels of oil. Almost 17 million barrels moved through the strait daily in 2011, the U.S. Department of Energy said Dec. 30.
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