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The Panama-flagged tanker Sanchi, carrying Iranian condensate, caught fire after a collision with a Chinese freight ship in the East China Sea and burned for three days. Rescue efforts for 31 missing crew were hampered by high waves and toxic gases.
The incident is a shipping safety event in a major Asian crude and condensate lane; any disruption is marginal for grain and feed markets but could tighten tanker availability briefly.
gcaptain.comReutersJan 9, 2018After 36 past logistics events, Crude Oil (Brent) moved a median +0.2% over 5 sessions (50% higher; middle half -4.6% to +3.2%), and +1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
