• Re: Israel-Hamas war rocket attacks are leading oil tankers to make unu

    From Biden America@21:1/5 to All on Sun Nov 5 23:27:26 2023
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    In article <ui8vv3$4og2$2@dont-email.me>

    Oil tankers in the Red Sea are taking unusual actions amid the
    Israel-Hamas war, shutting off their global tracking transponders —
    called Automatic Identification Systems (AIS) — in an effort to
    traverse the waters undetected.

    “There’s been a big drop-off in tanker AIS signaling Israel as their destination,” said Homayoun Falakshahi, senior oil analyst at global
    trade intelligence firm Kpler. “In fact, we don’t see any crude-
    carrying tankers doing so at the moment.”

    The moves to evade detection come as shipping lines are also being
    advised to wait further offshore with rocket attacks reported at the
    ports of Ashdod and Eilat in Israel.

    “Vessels calling Israel are advised to apply ballistic protection measures,” global maritime risk management firm Ambrey wrote in a
    note to clients on Saturday after a series of rocket sirens at the
    Port of Ashdod. “In the event of a siren, crew members are advised
    to take shelter.”

    Ballistic protection can include a section of the vessel that has
    armor or protective gear.

    Falakshahi tells CNBC vessels are not only shutting off their
    tracking systems while traveling but also in port as they unload
    their crude or cargo.

    He said data shows that the tanker Valfoglia discharged at the Port
    of Haifa on October 24 while having its AIS signal off. “This is
    unusual behavior and delays the information of a discharge,”
    Falakshahi said.

    Israeli authorities have advised the global shipping community that
    they would be compensated for any war-related damages that occur
    within the country’s economic waters. War risk surcharges for cargo
    headed to Israel are now being added by some ocean carriers. So far,
    no reports of attacks on oil tankers have been reported.

    Israel has closed the Port of Ashkelon, the country’s biggest oil-
    importing port, because of rocket attacks. As a result of the war,
    activity at the Port of Ashdod has dropped dramatically, but the
    Port of Haifa which is located further north remains stable.

    The Port of Ashdod is a major hub for potash and bromine exports
    from Israel. Potash is a key component in fertilizer. Bromine is a
    raw material used in textiles, pharmaceuticals, oil and gas, food
    and beverage making, energy generation, construction, and
    electronics. ICL Group, a major Israel-based manufacturing company
    that produces fertilizers, chemicals and metals for the agriculture,
    food and material sectors, provides around a third of global bromine

    According to Everstream Analytics, a global supply chain mapping and
    risk analytics company which contributes to the CNBC Supply Chain
    Heat Map, the Port of Ashdod has become a transport linchpin for ICL
    in recent years. ICL has indicated the export of some chemical
    goods will likely be delayed even if local manufacturers keep
    operations running in the coming weeks.

    “Rockets are regularly fired at the Port of Ashdod in southern
    Israel, the country’s second biggest port,” said Mirko Woitzik,
    global director at Everstream. Operations at Ashdod have also slowed
    down due to staffing shortages, with 10% of workers recruited into
    the Army, he added.

    The number of waiting vessels on a daily basis has dropped at Port
    of Ashdod to below five since the outbreak of war compared to more
    than 15 on average before the war, according to Everstream.

    “This suggests that container lines are avoiding the Port of Ashdod,
    and potentially relying more on the Port of Haifa instead,” Woitzik

    Evergreen was the first ocean carrier to divert a vessel bound for
    the Port of Ashdod citing a “persisting unsafe situation” and
    declared force majeure. This is a significant declaration because if
    more vessels declare force majeure, it could impact Israel’s food
    supply. The ports of Ashdod and Haifa are the key ports for food
    imports. The country imports almost three times as much food and
    agriculture than exports. Key imports included live animals for
    meat, sugar, vegetable oils, grain, and feed.

    At the Port of Haifa, the number of vessels is expected to rise as
    more ships are likely to divert to Haifa.

    Recent rocket fire has tankers docking and discharging cargo at
    alternative ports. Last week, the Seaviolet called the Port of Eilat
    instead of its original destination, Ashkelon. Kpler tells CNBC its
    analysis suggests Israelis have reversed the Eilat-Ashkelon pipeline
    flow so that oil can get to Ashkelon, and then to the Ashdod and
    Haifa refineries, which are linked to Ashkelon via pipelines.

    Falakshahi explained that due to Eilat’s location on the Red Sea,
    ships can circumvent the conflict-ridden region close to Gaza,
    passing through the Suez Canal and entering the Gulf of Aqaba.

    “If this route is continued going forward, Israel could build its
    crude stocks again and feed its domestic refineries again, therefore
    preventing a potential energy crisis in the country, which has
    inventories filled up to levels covering up to about 50 days of
    domestic demand right now.”

    Israel usually imports around 10-13 cargos of crude oil a month.

    Last week, a long-range rocket was fired into Eilat and pierced the
    Iron Dome, according to an Ambrey note sent to clients, and it said
    the attack “indicates a change in Hamas’ operational activity, not
    only targeting closer ports and cities en masse but also
    specifically launching rockets at far away targets as the war nears
    the end of its third week.”

    Oil prices have pulled back in recent trading as some analysts say a
    spike throughout the month already has priced in the risks, even as
    the beginning of a ground offensive by Israel in Gaza leads to more
    concerns about a disruption in global oil supplies.

    https://www.cnbc.com/2023/10/30/israel-hamas-war-and-rocket- attacks-lead-oil-tankers-to-unusual-moves.html

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