Greek Tanker Transits Hormuz Flashpoint With Its Signal Off

Article content(Bloomberg) — A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first big tankers to leave the Persian Gulf since traffic through the chokepoint all but halted. Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe Shenlong tanker, which is operated by Greece’s Dynacom Tankers Management Ltd., switched off its transponder in the Persian Gulf on March 4 while sailing toward Hormuz and began signaling near India’s coastline on Monday morning, ship-tracking data compiled by Bloomberg showed. Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentTraffic through the strait has slowed to a trickle since the US and Israel launched the war with Iran, with Tehran retaliating by attacking several vessels in the waterway. The threat to shipping has effectively stranded a swath of the world’s most vital commodities, and prompted the US to pledge naval escorts if required, as well as insurance cover. Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentUS Energy Secretary Chris Wright said in an interview with Fox News over the weekend that a tanker had made the journey; tracking whether more ships have crossed is complicated by vessels switching off transponders. Still, there is little sign that the overall security situation in the region has changed, with the overwhelming majority of shipping operators remaining reluctant to transit the waterway.Article contentWhile unsanctioned cargoes aren’t crossing Hormuz, Iran itself has continued to ship large volumes of oil through the channel, according to TankerTrackers.com Inc. It estimates that at least 11 million to 12 million barrels of Iranian supply have moved through the waterway since the war began on Feb. 28. Article contentMultiple ships have been attacked in the region since hostilities broke out. Naval forces said that while there were no incidents on Sunday, it should be interpreted as a temporary lull, rather than a change of intent.

The Joint Maritime Information Center said that credible threats persist to merchant shipping and offshore energy infrastructure in the area. Article contentA representative for Dynacom didn’t immediately respond to a request for comment about its ship. Article content—With assistance from Julian Lee.Article content(Updates with Iranian supplies, Hormuz context from third paragraph.)Article contentTrending Canadians blasé about CUSMA misunderstand the market risks Investor Posthaste: How $100 oil could do Canada's economy more harm than good News Subscriber only. G7 to discuss joint release of emergency oil reserves as crude hits $100 Subscriber only Financial Times How this chief became a trusted voice in moving Canada’s nation-projects in the right direction News Here are 5 things worried investors can do as the Iran war plays out Investor Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Canadians blasé about CUSMA misunderstand the market risks Investor Posthaste: How $100 oil could do Canada's economy more harm than good News Subscriber only. G7 to discuss joint release of emergency oil reserves as crude hits $100 Subscriber only Financial Times How this chief became a trusted voice in moving Canada’s nation-projects in the right direction News Here are 5 things worried investors can do as the Iran war plays out Investor