TANKER REPORT - Istanbul and Dardanelles Straits Closed to Transit Passages

Forex - The Bosphorus and the Dardanelles straits, which are the most important routes for transporting oil from countries in the Black Sea region to the world, are currently closed to transit passage. According to a report received via email from Tribeca Maritime Services, a total of 15 tankers are expected to pass through the straits today. Winds of 5-7 and 6-8 in magnitude are anticipated in the straits on Saturday.

-Average Waiting Time (Days)-                        Tanker Size                        ---------------   -------------- Dardanelles North 0.5-1.0           5.8-6.3 Dardanelles South 0.3-0.8           3.5-6.0 Istanbul North 0.3-0.8           1.0-1.5 Istanbul South 1.7-2.3           1.0-1.5

-200+ Tanker Passage Schedule-                                              Last 24
                       Passage      Waiting    Per Hour     Marmara                        To be Made  Queued    Incoming    Ports                        -------      -----  --------    --------   Dardanelles North 0          22         5         2 Dardanelles South 0          20         6         6 Istanbul North 0          11         7         2 Istanbul South 0           4         3         0