Reviews & Ratings for the Rhn

In a significant development, two very large crude carriers (VLCCs), the 'Rhin' and 'Alicia' (IMO: 9281695), have reportedly navigated through the Strait of Hormuz, seemingly defying the U.S. Central Command's assertions of a comprehensive blockade on Iranian maritime activities. Both vessels have been observed with their Automatic Identification System (AIS) turned on, publicly relaying their positions during their transit to Iran. Iranian officials confirmed the successful passage of the 'Alicia' through the crucial waterway. These two VLCCs hold the potential to transport approximately four million barrels of Iranian crude oil, which could equate to a staggering $400 million in value, provided they can successfully navigate out of the Gulf and deliver their cargo to Iranian clientele, predominantly in China. Furthermore, even if they do not make the return journey, their presence would contribute to additional floating storage for Iran, ensuring up to three more days of uninterrupted production without necessitating shut-ins.

In a strategic move to bolster liquidity and mitigate potential loan covenant breaches, Norwegian shipping company Saga has sold its tanker, Saga Unity. This transaction marks the second sale by the company within a short span of six weeks. The decision underscores Saga's proactive approach to financial management amidst the fluctuating maritime market.