An Iranian-controlled VLCC is headed to South Korea with the first tanker cargo since sanctions eased on the weekend, though the shipment was already exempt from restrictions.
The 318,000-dwt Serena (built 2013) is off Pakistan and headed to the port of Ulsan, according to satellite tracking data from VesselsValue.com.
The National Iranian Tanker Co (NITC) ship is laden, the data confirm.
It appears to be the first tanker to head into the market since the US and European Union announced that a package of sanctions removal went into effect on Saturday.
However,
