Tanker carrying Iranian crude diverts to China after signalling India
India Today
An Eswatini-flagged crude oil tanker Ping Shun, with 6 lakh barrels of Iranian oil, which was India-bound, to deliver India's first shipment in seven years, has changed course to China near Gujarat's Vadinar port.
A US-sanctioned tanker carrying Iranian crude has changed its declared destination mid-voyage, shifting away from India to China, according to ship-tracking data, casting uncertainty over what could have been India's first such import in nearly seven years.
The Aframax vessel Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China with 6 lakh barrels of Iranian oil. Earlier this week, the tanker had listed Vadinar in Gujarat as its intended destination, Kpler data showed.
The development came even as Indian refiners have been exploring opportunities to procure Iranian oil cargoes at sea, following a recent sanctions waiver issued by Washington.
If the shipment had reached India, it would have marked the country's first import of Iranian crude since 2019, when purchases were halted after tighter US sanctions came into force.
According to Sumit Ritolia, Lead Research Analyst (Refining and Modelling) at Kpler, the vessel had been en route to Vadinar for the past three days before dropping India as its declared destination near arrival and switching its signal to China.
He indicated that the change in route appears to be linked to payment-related concerns. Sellers, Ritolia said, are tightening terms, moving away from the earlier 30–60 day credit window and increasingly seeking upfront or near-term settlement.
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