FEATURE | Joint US-UK escort for ships transiting Strait of Hormuz

Washington’s efforts to form up a multi-national naval task force to escort vessels through the Strait of Hormuz have, so far, proved fruitless. On August 5, though, it was announced that a joint US Navy–UK Royal Navy (RN) patrol force has been established, in order to safeguard international shipping, in and around the strait, against interference from Islamic Revolutionary Guard Corps Navy (IRGCN) craft.

FEATURE | Tanker seizure highlights maritime security complexities

On July 19, Iranian forces conducted a professionally-executed operation to seize the Swedish-owned, UK-flagged, tanker Stena Impero, while it was underway in Omani waters. The ship was then directed to Iranian waters, where it remains at anchor. It seems certain that the seizure was carried out in retaliation for the boarding and detention, in Gibraltar waters on July 4 of the VLCC Grace 1, which is reportedly carrying Iranian crude oil destined for Syria.

FEATURE | Crude oil tanker freight rates from the Arabian Gulf to China double on the back of tanker attacks

VLCC spot freight rates between the Arabian Gulf and China rose 101 per cent in the days between June 13 and June 20, in the aftermath of attacks on two tankers in the Strait of Hormuz, according to BIMCO. Spot freight rates for a VLCC, carrying two million barrels of oil, between the Arabian Gulf and China reached US$25,994 per day on June 20, their highest level since March and significantly above the May average of US$9,979 per day.

FEATURE | Iran flexes its naval muscles

There were some significant aspects to the major exercise, dubbed Velyat 97, held by the Islamic Republic of Iran Navy (IRIN), between February 21 and 23, 2019.

  • Published in Naval
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