China's Shandong Port Group Refuses To Enter U.S.-sanctioned

1. China's Shandong Port Group Refuses To Enter U.S.-sanctioned Oil Vessels, No Access To China's East Coast
(Comments)

China has been using cheap Iranian oil, which has been blocked by raw fish for part of its demand, through these sanctions, and the tankers are subject to sanctions.

2. The U.S. will soon impose very substantial sanctions on tankers, traders and insulators all carrying Russian crude worth more than $60 a barrel. (See comment)

There will be about 100 ships here

3. What the two articles represent is that many of the so-called Dark fleets carrying sanctioned oil would seem inoperable.

For your information, these tankers are as old as their names, so the possibility of decommissioning is very high.

4. On top of that, Trump is a nature reserve, and Alaska has eased licensing, shouting and dancing "Drill-Baby-Drill" for downward stabilization of oil and gas energy prices, so it is clear that mid-term crude oil production will increase.

5. In the end, first of all, there's less operational crude shipping and more crude oil production to be carried,
#Tanker shipping companies such as VLCC can expect an increase in freight charges (already rebounded), and the price of the ship will also rise.

More importantly, oil shipping companies that have already done great cash sweeps over the past 20-23 years will be thinking about new orders for large tankers that have been blocked from ordering,

In the end, I think carefully that we will see new orders for 28 and 29 year slots for Korean shipbuilders.

#hd Hyundai Mipo Dockyard #hdHyundai Heavy Industries