Tanker operators first to gain from Iran's re-entry

But maritime players say there will also be pickings for offshore marine sub-sectors in the longer term

Published Mon, Jan 18, 2016 · 09:50 PM

    Singapore

    MOST maritime players speaking to The Business Times harbour hopes that the lifting of sanctions against Iran could turn out to be a boon for the sector.

    Iran has taken the rap for the fresh slide in oil prices to under US$30 over the weekend, on fears that when the embargo on its oil exports and other trade sanctions are lifted, the market would be flooded with pent-up crude supplies.