Crude Tanker Equator Sails Toward Libyan Rebel Port Hariga

A crude tanker able to load 1 million barrels of oil is sailing toward a Libyan port controlled by rebels, ship-tracking data show.

The Equator, operated by Dynacom Tankers Management Ltd., will arrive tomorrow at the Marsa al Hariga terminal, near the port of Tobruk in eastern Libya, according to AISLive Ltd. ship-tracking data compiled by Bloomberg. The ship last reported sailing north through Egypt’s Suez Canal.

Libyan crude output fell 995,000 barrels, or 72 percent, to 390,000 barrels a day in March, according to a Bloomberg News survey. That’s the lowest amount in yearly data since 1962. Exports from the country are likely to remain halted for most of this year, according to Bank of America Merrill Lynch, Barclays Plc and JPMorgan Chase & Co.

Ody Valatsas, chartering manager at Dynacom in Athens, declined to comment. Dynacom is Greece’s third-largest operator of supertankers.

To contact the reporter on this story: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net