Tankers: Is a Clean Slate Coming for 15% of the Tanker Fleet?

AI Summary

The United States is reportedly considering a waiver that could allow tankers sanctioned for links to Russia, Iran, or Venezuela to transport non-sanctioned oil or be sold to mainstream owners. Such a change could return a substantial share of the tanker fleet to broader commercial use and increase vessel supply.

A sudden boost of tanker supply could emerge, should the US proceed with a waiver of sanctioned tankers. In its latest weekly report, shipbroker Gibson said that “the US is weighing a waiver that would let tankers sanctioned for links to Russia, Iran or Venezuela carry non-sanctioned oil, or be sold to mainstream owners, in ...