UAE port eases some Qatar restrictions on oil tankers

Abu Dhabi port removes restrictions on non-Qatar owned, flagged or operated vessels sailing to and from Qatar.

    The ban on vessels carrying the Qatari flag and vessels owned or operated by Qatar is still in place [Thomas White/Reuters]
    The ban on vessels carrying the Qatari flag and vessels owned or operated by Qatar is still in place [Thomas White/Reuters]

    Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday.

    Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non-Qatar owned, flagged or operated vessels sailing to and from Qatar.

    This effectively allows direct trade between the two ports and co-loading of crude cargoes, a Singapore-based shipbroker said.

    A Middle East-based industry source said there had been no official notification on halting the co-loading of crude cargoes.

    The ban on vessels carrying the Qatari flag and vessels owned or operated by Qatar is still in place, according to the circular.

    But given there are few Qatari-flagged or owned vessels, this is unlikely to have as big an impact on the market as the previous circular, the shipbroker added.

    Reuters reported on Wednesday two very large crude carriers (VLCCs), which can each carry up to 2 million barrels of oil, loaded Abu Dhabi grades on Wednesday, despite having taken Qatari crude on an earlier leg of the voyage.

    READ MORE: Qatar-Gulf crisis - Your questions answered

    On Monday, Saudi Arabia's Ports Authority told shipping agents not to accept vessels flying the Qatari flag or ships owned by Qatari companies or individuals, it said on its Twitter account, adding that Qatari goods would be barred from unloading in Saudi ports.

    On Wednesday, Saudi's Ras Tanura oil port issued a notice stressing the restrictions issued earlier by the Saudi Ports Authority, according to a copy seen by Reuters.

    Another industry source said the notice indicated co-loading of crude cargoes at Saudi ports would be allowed.

    On Monday, Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed ties including all air, land and sea transport links with Qatar, accusing it of supporting "terrorism". Doha denies the accusations.

    SOURCE: Reuters news agency


    YOU MIGHT ALSO LIKE

    The woman who cleans up after 'lonely deaths' in Japan

    The woman who cleans up after 'lonely deaths' in Japan

    When somebody dies lonely and alone, Miyu Kojima steps in to clean their home and organise the mementos of their life.

    Putin and the 'triumph of Christianity' in Russia

    Putin and the 'triumph of Christianity' in Russia

    The rise of the Orthodox Church in Russia appears unstoppable, write filmmakers Glen Ellis and Viktoryia Kolchyna who went to investigate the close ties between the church and Putin.

    The chill effect: Is India's media running scared?

    The chill effect: Is India's media running scared?

    Much of India's media spurns a scoop about the son of PM Modi's right-hand man. Plus, NFL as platform for race politics.