Energy
Indonesia to Auction US-Sanctioned Supertanker It Seized in 2023
Source: Indonesian Maritime Security Agency/AP Photo
The Indonesian government is auctioning off a US-sanctioned supertanker and its cargo of crude oil for at least $70 million, according to government documents seen by Bloomberg News.
The Arman 114, a very-large crude carrier flagged to Iran, was seized by Indonesia in 2023 for allegedly transferring oil to another tanker and spilling some in the process. The vessel, currently at Batu Ampar port in Batam, is being offered up for auction by the Attorney General’s Office, according to a government filing and a statement issued by the agency.