Al Mayadeen English

  • Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: A batch of incendiary balloons were launched towards settlements adjacent to the Gaza Strip.
Turkey's Defense Ministry: 5 Kurdistan Workers Party members killed in an airstrike in northern Iraq.
The Iranian Intelligence Ministry says its forces raided several terrorist hideouts in Tehran and Western Azerbaijan and arrested 28 elements.
Iran's Intelligence Ministry says the terror attacks were aimed at undermining Iran's state security and showing Iran as a destabilized nation.
Iran's Intelligence Ministry says it foiled a terrorist plot being planned for Tehran, with all the culprits getting arrested.
Iranian Defense Ministry says has missiles designed with the intention of striking the Israeli occupation, namely the Hajj Qassem Soleimani missile.
Al Mayadeen correspondent: The Israeli occupation forces raided Birzeit University and arrested three young men in its vicinity.
Al Mayadeen correspondent: The Israeli occupation forces raided the Nur Shams refugee camp in Tulkarm for several hours, with snipers deployed on the rooftops.
China inaugurates the Asian games in Hangzhou.
The Israeli soldiers launched smoke and sound grenades at the Lebanese side earlier.

Number of stranded oil tankers in Black Sea falls

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Dec 2022 20:55

Bloomberg report says that oil tankers that were stuck in the black see following the price cap on Russian oil has begun to decrease in number.

  • Oil tankers wait in Turkey's Black Sea (Reuters)
    Oil tankers wait in Turkey's Black Sea (Reuters)

The number of oil tankers stuck in Turkey's Black Sea Straits is subsiding, Bloomberg reports, citing a shipping official familiar with the situation.  

According to a report by Bloomberg citing officials, the number of oil tankers stranded in Turkey's straits in the black sea is decreasing.

Turkey's maritime authority announced on Friday that at least 18 tankers filled with 2 million tons of oil were stuck in the Black Sea on the way to the Mediterranean due to insurance issues following the price cap imposed on Russian oil by Western states.

Read more: Preparations for Russian gas hub project in Turkey on the way: Erdogan

The officials said that while the number of stranded tankers was 27 on Saturday, the number fell to 19 on Sunday.

The Financial Times reported on December 5, citing ship brokers, oil traders, and satellite tracking services, that around 19 crude oil tankers were waiting to cross Turkish waters on Monday, dropping anchors near the Bosphorus and Dardanelles, the two straits linking Russia’s Black Sea ports to international markets.

In another context, Turkey's General Directorate of Navigation said that The only Russian-flagged oil tanker is scheduled to pass through the Bosphorus on Monday.

In a statement, obtained by Sputnik, the directorate said that "the passage of the only Russian oil tanker waiting in our territorial waters south through the Bosporus is scheduled for Monday, a letter of insurance has been provided."

"Four of the waiting tankers in the queue are currently scheduled to pass through the Bosporus on Monday after their owners provide a letter of insurance," the statement added.

Related News

G20 grants African Union equal membership status to EU: Bloomberg

Reuters, Bloomberg, WSJ not invited by OPEC to July oil conference

The agency announced that the remaining 12 tankers would be waiting at sea at the anchorage and that nine of the ships were on their route to EU nations.

Read more: Peskov responds to Scholz, Macron; price cap won't affect operation

Under EU the price cap decision on Russian oil that took off on December 5, tankers loading Russian crude oil are barred from accessing Western maritime insurance unless the oil is sold under the G7’s price cap of $60 a barrel.

The Turkish Maritime Authority accused on Thursday EU companies of refusing to provide insurance documents for the passage of oil tankers through the Black Sea Straits and declared the unacceptability of applying pressure on Ankara.

On December 1, Turkey started requesting from oil shippers crossing the Bosphorus Strait and the Dardanelles a letter from an insurer confirming that the vessel is covered by the necessary Protection and Indemnity Insurance (P&I).

Read more: Germany urges partners to comply with price cap on Russian oil

Western nations have been trying to find ways to reduce Russia's income from oil and gas exports since the start of the war in Ukraine.

Russia had pledged to stop exporting its oil to countries that would apply price caps on its oil.

The Bloomberg report added that Turkey issued on Saturday a "sample letter" that can be considered as proof that the tanker is covered for transit.

Read more: Turkey launches new route for Russian oil to EU

  • Bloomberg
  • Turkey
  • Russian oil
  • Russia
  • EU
  • The Financial Times
  • Price cap
  • oil tanker

Most Read

Ukrainian soldiers ride an APC on the front line near Bakhmut, in the Donetsk region, on June 5, 2023 (AP)

US sees Ukrainian army demoralized, no chance to win: Seymour Hersh

  • Europe
  • 21 Sep 2023
Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
British mercenary in Ukraine killed by another Brit

British mercenary in Ukraine killed by another Brit

  • Europe
  • 18 Sep 2023
Army Chief of Staff Gen. Mark A. Milley testifies on Capitol Hill in Washington, Wednesday, April 5, 2017, before the House Armed Services Committee hearing: 'Damage to the Military from a Continuing Resolution. (AP)

US should avoid open armed conflict with China: Top US general

  • Politics
  • 17 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al Furhan Al-Saud addresses the 78th session of the United Nations General Assembly, Saturday, Sept. 23, 2023, at United Nations headquarters. (AP)
Palestine

Saudi FM tells UN regional stability hinges on 'Palestinian state'

Nearly two weeks later, Libya toll tops 3,800
MENA

Nearly two weeks later, Libya toll tops 3,800

A man walks past a mural featuring oil pumps and wells in Caracas, Venezuela, Saturday, May 21, 2022. (AP)
Latin America

Venezuela boosts oil production amid unilateral restrictive measures

Russia destroyed leopard tank in Ukraine with fully-German crew
Europe

Russia destroyed leopard tank in Ukraine with fully-German crew

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS