The tanker captain summoned his years of experience when he saw the blast in front of him and veered his ship around the vessel ahead, then called the US Navy to tell them of the attack. His vessel is among the ships engaged in shuttle runs through the Strait of Hormuz, ferrying barrels often at night and with strict instructions about what equipment can be used. The US has been quietly coordinating with shippers since early summer to plot routes and avoid Iranian mines, with the US military keeping watch over the ships as they cross the strait.
- Tanker captains are undertaking risky shuttle runs through the Strait of Hormuz, often at night with limited equipment and under US military watch, to maintain oil flows.
- These operations are crucial for global energy markets and profitable for shipowners and traders, despite the significant risks of attack from Iran.
- The article highlights the bravery of captains and crews, the coordination with the US military, and the substantial financial incentives for undertaking these dangerous voyages.
Topics: Asset types, Jurisdictions, Risk default, Real assets, Cross jurisdictional policy, Credit counterparty risk
Tags: #straitofhormuz #oiltanker #usnavy #iran #shuttleruns #commoditytraders #crudeoilflows #maritimesecurity #navigationallights #risk
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