Free Trial

Bosphorus Delays Easing

OIL

Tanker traffic waiting to pass through the Bosphorus Strait has eased further with eight vessels waiting to pass Tuesday, down from 13 a day earlier.

  • Five tankers were set to go southbound through the Bosphorus on Tuesday, according to Tribeca shipping agency.
  • On Friday, over 20 vessels – mainly Kazakh crude – were waiting to pass.
  • The average waiting time at the Bosphorus for southbound tankers fell to 2.9 days to 3.4 days from 3.8 days to 4.3 days on Monday, Tribeca said.
  • The delay was caused by Turkey requiring vessels to provide proof of insurance for the duration of transit through the Bosphorus Strait or when calling at Turkish ports.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.