Despite frequent recent attacks, a key oil supply channel in the Middle East involving the relay transportation of oil tankers outside the Strait of Hormuz is still in operation. Satellite images show that some ships are transferring goods outside the Strait of Hormuz, indicating that some tankers are still crossing this waterway with tracking signals turned off. According to data from the European Union's “Sentinel 2” satellite, a total of 12 such transshipment activities were discovered in an area of more than 100 kilometers off the coast of Oman and the United Arab Emirates on Monday. According to ship tracking data compiled by the media and data from Kpler and Vortexa, since Saturday, at least 4 oversized tankers that have left the port have reappeared in the tracking system after crossing the Strait of Hormuz. These tankers carried a total of 8 million barrels of crude oil. Some of these vessels have participated in this relay transport in the past, while others may continue to sail to refineries in other parts of the world. This relay transportation and crude oil transit is providing an important lifeline to the global energy market at a time of ongoing regional tension, and is helping to curb oil prices. Sometimes millions of barrels of crude oil are still being transported through this waterway every day, thus mitigating the loss of supply in global markets caused by the conflict. However, this mode of transport is not without risk. Major oil companies in the UAE were among the most active in transporting crude oil through the Strait of Hormuz during the conflict. The company said late last week that 15 of its ships were attacked during the clashes. After the announcement was made, another ship was attacked over the weekend. Many boats leaving the Strait of Hormuz choose routes close to Oman's coastline. These ships are usually assisted by the US military when passing through the relevant waters. As attacks on shipping continue, the number of shipowners willing to enter the Persian Gulf remains relatively limited. This contributed to a sharp rise in tanker companies' revenue, and the daily cost of the benchmark route was once again close to 500,000 US dollars.
Zhitongcaijing · 1d ago
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Despite frequent recent attacks, a key oil supply channel in the Middle East involving the relay transportation of oil tankers outside the Strait of Hormuz is still in operation. Satellite images show that some ships are transferring goods outside the Strait of Hormuz, indicating that some tankers are still crossing this waterway with tracking signals turned off. According to data from the European Union's “Sentinel 2” satellite, a total of 12 such transshipment activities were discovered in an area of more than 100 kilometers off the coast of Oman and the United Arab Emirates on Monday. According to ship tracking data compiled by the media and data from Kpler and Vortexa, since Saturday, at least 4 oversized tankers that have left the port have reappeared in the tracking system after crossing the Strait of Hormuz. These tankers carried a total of 8 million barrels of crude oil. Some of these vessels have participated in this relay transport in the past, while others may continue to sail to refineries in other parts of the world. This relay transportation and crude oil transit is providing an important lifeline to the global energy market at a time of ongoing regional tension, and is helping to curb oil prices. Sometimes millions of barrels of crude oil are still being transported through this waterway every day, thus mitigating the loss of supply in global markets caused by the conflict. However, this mode of transport is not without risk. Major oil companies in the UAE were among the most active in transporting crude oil through the Strait of Hormuz during the conflict. The company said late last week that 15 of its ships were attacked during the clashes. After the announcement was made, another ship was attacked over the weekend. Many boats leaving the Strait of Hormuz choose routes close to Oman's coastline. These ships are usually assisted by the US military when passing through the relevant waters. As attacks on shipping continue, the number of shipowners willing to enter the Persian Gulf remains relatively limited. This contributed to a sharp rise in tanker companies' revenue, and the daily cost of the benchmark route was once again close to 500,000 US dollars.
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