SHIP OWNERS SEEK UK FLAG SWITCH AS IRAN THREAT STRANDS SHIPS IN GULF

Lloyds Loading List on 22nd July reported that oil traders and charterers are said to be reassessing the short and medium-term use of tonnage connected with the Isle of Man, UK, Cayman Islands, Gibraltar or BVI group of British registries as the diplomatic crisis with Iran escalates.  It says that currently 8 trading vessels remain stranded in the Persian Gulf.  It also says that, according to Lloyds List Intelligence, there are 65 LNG carriers and LPG carriers with UK registries, as well as a further 351 tankers above 10,000 dwt.  The stranded ships include the Isle of Man-flagged Kathrine Kosan.

https://lloydslist.maritimeintelligence.informa.com/LL1128477/Owners-seek-UK-flag-switch-as-Iran-threat-strands-ships-in-Gulf

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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