Highlights Shippers see margins soar for Iranian crude Freight premium more than doubles Shipowners in Europe still carrying Iran’s oil Flows to Europe expected to drop sharply London — Some shipowners are making huge margins transporting Iranian crude into Europe as the threat of falling foul of US sanctions scares off rivals with less nerve. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In an era of paltry earnings for shippers, some owners are benefitting from a large freight premium over normal Middle East to Europe voyages even as crude flows from Iran to Europe are starting to drop. Freight rates for Suezmaxes — which carry up to 140,000 mt or 1-million barrels of crude — on a Middle East to Mediterranean voyage have recently been around Worldscale 30 or $6.94/ mt, according to Platts data. But shipowners willing to take crude from Kharg Island, […]