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Tanker with 600,000 barrels of Iranian crude shifts course from India to China midway​

The shipment earlier bound for Gujarat’s Vadinar has changed course amid payment concerns; could still reach India if issues are resolved, according to Kpler.​


New Delhi: A shipment of about 600,000 barrels of Iranian crude that was expected to arrive at Gujarat’s Vadinar port on 4 April aboard the vessel Ping Shun has dropped India as its declared destination, and is now signalling China, according to a market expert.
“An Iranian crude vessel “PING SHUN” that had been en route to Vadinar, India, over the past three days has dropped India as its declared destination near arrival, and is now signalling China,” Sumit Ritolia, Manager for modelling refinery and oil markets at Kpler, a global trade data intelligence firm told ThePrint Friday.
Ritolia, citing market sources, said the change in destination is linked to a shift in payment terms, with sellers now demanding upfront payments instead of offering a 30–60 day credit window.
“The shift appears to be payment-related, with sellers tightening terms, moving away from the earlier 30–60 day credit window toward upfront or near-term settlement,” Ritolia said.
He added, “While such mid-voyage destination changes are not unprecedented with Iranian crudes, they highlight the increasing sensitivity of trade flows to financial terms and counterparty risk.”
It remains unclear which Indian refinery procured the
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, as multiple refiners, including Indian Oil Corporation, Nayara Energy and Bharat Petroleum, source crude through Vadinar.
However, Ritolia indicated that the cargo could still be diverted back to India if payment issues are resolved.
“If the payment issues are resolved, the cargo could still make its way to an Indian refinery,” Ritolia said.
He added, “However, the episode underscores how commercial terms are becoming as critical as logistics in determining Iranian crude flows to other countries apart from China.”
If the vessel ultimately docks in India, it would mark the first arrival of Iranian crude in the country since 2019.
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pmc

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GulfLander said:
https://twitter.com/i/web/status/2039995091020923141
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lol. there is no place for medium sized powers in new world order. Macron did not learn from his eviction from Africa. that last week warning from Russia to South Korea and Russia is extremely polite in public due to Putin nature.
what if so called medium size powers like Korea and Japan are told in no uncertain terms that decouple from Europe and contribute to New Europe than?. why do you think Trump is treating South Korea so badly.
If French has real intelligence they would never allowed Zelensky to visit Royal Kingdoms.
When Zelsnsky was visiting Royal Kingdoms. several things happened. one is obvious this is leaked. and than RT Arabic put a a tweet with starting word "Even" Ukranian women getting conscription summon. i wont comment too much but Putin is using this ukraine conflict depicting Ukraine/Europe certain way and using this in his crack down.
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Iran wipes out anti-drone warehouse in Dubai with over 20 Ukrainian experts — commander​

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Heresy

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pmc said:
lol. there is no place for medium sized powers in new world order. Macron did not learn from his eviction from Africa. that last week warning from Russia to South Korea and Russia is extremely polite in public due to Putin nature.
what if so called medium size powers like Korea and Japan are told in no uncertain terms that decouple from Europe and contribute to New Europe than?. why do you think Trump is treating South Korea so badly.
If French has real intelligence they would never allowed Zelensky to visit Royal Kingdoms.
When Zelsnsky was visiting Royal Kingdoms. several things happened. one is obvious this is leaked. and than RT Arabic put a a tweet with starting word "Even" Ukranian women getting conscription summon. i wont comment too much but Putin is using this ukraine conflict depicting Ukraine/Europe certain way and using this in his crack down.
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I like how you conclude about how the world is going to be a little tougher for "Medium" (or "Small") powers and they will most likely not have as much leverage as they have been comfortable with in the past...and not realize that your precious Saudi Arabia and Gulf Kingdoms are small and medium powers.
 
shiftenter

shiftenter

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contract between JERA, a major Electric Power Company and a U.S. liquefied natural gas (LNG) development company has been canceled. The contract stipulated the purchase of 1 million tons of LNG annually for 20 years, starting around 2030.

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under-the-table information suggests Takaichi government need to adress the public that Japan will see an energy shortage as soon as May, and a proposal of energy coonservation have been reviewed by the cabinet. It hasn't publish any comments yet.

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