US sanctions against Iran are “really biting” in the crude tanker marker, according to Euronav chief executive Paddy Rodgers.
New York-listed Euronav says there are currently 14 inactive Iranian VLCCs, which will create the need for tonnage from the wider market.
This additional demand is expected to increase and then be maintained as the sanctions are are fully applied from next month, Euronav’s third quarter report said.
