A further 10 were built in 2000. The United States militarywhich is a frequent target of IRGC harassment and confrontation in the Persian Gulf regionis reportedly monitoring the situation via its fifth fleet. 13599 for meeting the definition of the term Government of Iran.; Iranian oil shipment through The Suez canal provides a route for oil from Iran to Syria U.S. imposes sanctions on Irans petrochemical industry Greece and Iran: The Dark Side of the Relationship Report Announces Determination that the National Iranian Oil Company is an Agent or Affiliate of Irans Islamic Revolutionary Guard Corps; Treasury Targets Iranian Attempts to Evade Sanctions; Individuals and entities linked to National Iranian Tanker Company Listed by the European Union in October 2012 as an entity linked to Irans proliferation-sensitive nuclear activities or Irans development of nuclear weapon delivery systems; Effectively controlled by the Government of Iran. "Was this a miscalculation from Iran, or has Iran become so brazen that even its close ally China is immune? Dynamic search and list-building capabilities. %%EOF Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD. One ship, the 176,000-ton tanker Dena, was attacked by Iraq five separate times between 1984 and 1987. The Anglo-Persian Oil Company built the Abadan oil refinery on the Persian Gulf. Visits Total: 19190051 . NITC serves Iran not only as a vehicle for. By adding these ships, LPG shipment capacity has increased and export and maritime transportation constraints have been reduced to an excellent minimum, he further added. View the current operators and vessels risk level via a free - trial Most of Iran's tankers have changed flag registry, P&I club and classification society as well as switched off their AIS transponders to stymie vessel tracking since sanctions were first flagged in May. S>| To raise money, Tehran is planning a public listing of NITC. Saheb Sadeghi, the NITC head of public relations, said that the missiles were possibly fired from Saudi territory. Iran has used its fleet of 54 oil tankersthe second largest state-owned fleet in the worldas a tool to game sanctions to continue selling its oil. "Irans actions are contrary to international law and disruptive to regional security and stability. 13599 for meeting the definition of the term Government of Iran", Status:Top Alert Entity designated / sanctioned for terror, WMD and human rights violation. The NITC began operations in 1955 with one 35,000-ton tanker. NITC personnel coordinated with the IRGC-QF on the loading of oil provided by NIOC, and NITC Managing Director Nasrollah Sardashti (Sardashti) worked with Hizballah on logistics and pricing for oil shipments to Syria. It also froze the assets of Irans Central Bank in the European Union at a time that E.U. hxwX0`{+ *DX"K/6DX`)R "Rb5)j5$Y|{y=9k 0"0000e]>!=#lwn*1 y b:@Uz$ah!)+b`ls4 =i> 80 xOlRwhggp"0)xF, We are in talks with insurance and with classification societies (and) ready to class our ships, he said by telephone from Tehran. Be sure. Each tanker reemerged with a change in draft, the measurement of a ships depth in the water. Jewish Students Reported a Professor for Anti-Semitism. TEHRAN - Hossein Shiva, who was appointed as the new head of the National Iranian Tanker Company (NITC) recently, has outlined the major programs, goals, and priorities of the company during his tenure. Iran also changed the names of its tankers to confuse global ship-monitoring systems. U.S. Sanctions Irans IRGC for Hostage-Taking, Timeline: Assassinations of Iranian Clerics, U.S., British & E.U. If the deal materialises it will be the first order placed by NITC in over a decade 15 Mar 2022 Analysis Richard Meade @Lloydslisted richard.meade@lloydslistintelligence.com when traveling international routes. Iran also is suspected to be responsible for drone strikes and other attacks on vessels traversing through the Strait of Hormuz, a critical shipping route. The Trump administration also threatened to sanction any foreign company or country that dared to buy from Iran. Meanwhile, over a dozen of these Belize-based front companies, all sanctioned by the US, have become inactive, data from the International Business Companies Registry of Belize reveals. NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. But. 51 percent of the revenues came from Europe, 26 percent from Asia, 15 percent from Africa and 8 percent from other parts of the world, including Canada, Venezuela and Latin America. All of these companies have a registered address with the National Iranian Tanker Company (NITC), indicating they serve as fronts. Be sure. 0 [2] NITC has a capacity of 11 million tons per year. It is essential to close off this funding stream to Tehran; The Iranian shipping industry is reviving previously employed deceptive practices in an effort to obfuscate IRISL or NITCs interests in vessels and other property. British authorities claimed the ship was attempting to smuggle oil to Syria in violation of E.U. In future months, the Americans themselves will see that we will continue our oil exports, Iranian President Hassan Rouhani said in April 2019. Irans oil exports plummeted, from a high of 3.2 million bpd in 2016 (after the first round of sanctions ended) to a low of 160,000 bpd in August 2019down 87 percent from 2016. This page was last updated at 2023-04-18 08:32 UTC. The dates given for each ship represent the period of illicit activity. The NITC was formed to transport Iranian crude exports on behalf of the NIOC. NEW DELHI/SINGAPORE (Reuters) - Iran plans to list its national tanker company to raise badly needed cash to upgrade its massive fleet and replace older vessels, as the middle east country prepares for an aggressive return to the global oil market. Tehran formed the National Iranian Oil Company (NIOC) to manage its oil exports. 25). Ns ~$@RRXU"JW%o!hCA#{~toGcKX)|fMG5Z>F;gdzm,9CX4K, 683R,4 P AE#h>C#7J_0 > 4Em5r6[Q[-W/uww_:{R'_+qY5U(""=3x{9FG\\er[yh A,\'l#IZsrDSh$bcXXaOpkgD_0( sk&D6. NITC expects by 2013 to have 74 ships of all sizes, including very large crude carriers, or VLCCs, and also smaller vessels. In 2019, Tehran faced another problem: It needed to modernize its aging oil tanker fleet; 16 of Irans 54 tankers were at least 19 years old, according to international shipping records. April 27, 2023. As a result, Tehran increasingly relied on its national fleet. Zhuhai Zhenrong Corp and Sinopec Group have activated a business clause in their long term supply agreement with NIOC, and likely Iran will cover all the costs and risks, including insurance, for the delivery of the crude. International sanctions were lifted in 2016, six months after a nuclear deal with the worlds six major powers limited Irans nuclear program. Its fleet was very old, with 21 tankers built in 2000 or earlier. All of the fleet is listed by Ofac, covering at least 54 tankers, including 38 VLCCs and eight suezmaxes according to Lloyd's List Intelligence. The war made it difficult for Iran to transport oil cheaply because of increased insurance rates on Iranian cargo. Iran has in its possession 42 very large crude carriers ( VLCCs) with each caving a carrying capacity of 2 million oil barrels, according to the National Iranian Tanker Company (NITC). Shipping sources said most South Korean ship builders, including Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries, would likely bid for new contracts. 650 people attended the anniversary, 350 from Iran and 300 from overseas. NITC has a capacity of 11 million tons per year. Britain, France and Germany moved to salvage the accord. When Washington blocked one route Iran used to export oil, Tehran found another. [citation needed], In May 2018, when the Trump administration re-imposed sanctions against Iran after the US withdrawal from the JCPOA, China shifted its petroleum cargo to ships owned by the NITC to maintain or even increase its imports from Iran. TEHRAN - Hossein Shiva, the new managing director of the National Iranian Tanker Company (NITC), has said the company will take special measures to resolve the problems of the sailors and the companys personnel and to improve their livelihood. , GeoLocation divisions are divided into two fields, Black List and Gray List. WATCH: Joe Biden's Senior Moment of the Week (Vol. 60 miles from the Saudi port of Jeddah when it was hit. In December 2013, the U.S. Treasury sanctioned the ship for its role in facilitating the illegal sale of Iranian oil. In November 2019, Brian Hook, the U.S. Special Representative for Iran, described Tehrans ageing tanker fleet as a floating liability. U.S. sanctions crippled its ability to buy new ships. In the last three months, 22 tankers owned by firms in Belize were moved directly under the ownership of the NITC, according to data reviewed by Akhbar Alaan. But the sanctions had limited short-term effect on Irans economy. Visits Total: 19988117 | Last Month: 514882, IFMAT | Iran , Iranian Regime Frauds, Manipulations, Atrocities Human Rights Violations, Threats and Terror, Identified pursuant to E.O. Under international maritime law, merchant ships must be registered with a country. TEHRAN Managing Director of the National Iranian Oil Company (NIOC) has praised the significant role of the National Iranian Tanker Company (NITC) in boosting the countrys oil exports during the previous Iranian calendar year (ended on March 20). Name Design Reg.Nr IMO Yard Nr Built Port Remarks; Baikal: Tankers: 27101: 9357353: S317: 28.05.2008: Zanzibar: Some countries removed Irans tankers from their registries after the United States tightened sanctions. TPbV8Yum-WZ{Oo;Y2*cG_v>@-IU/u[Mgn??!X2vF?? The United States accused Iran of transporting 2.1 million barrels of crude for the financial gain of the Islamic Revolutionary Guard Corps (IRGC), which had been separately sanctioned. The Iranian product tanker Forest arrives in Venezuela with a cargo of gasoline, 2020 (file image) Published Oct 26, 2020 8:22 PM by The Maritime Executive [8], NITC has a huge project for replacing tankers, including the construction and purchase of 25 tankers with a total capacity of 6 million tons. Countries that offer so-called flags of convenience typically have lax shipping regulations conducive to smuggling operations. BothChinaandRussiasaid they intended to observe the JCPOA and continue to trade with Iran. Valuable research and technology reports. The company has purchased 20 oil tanker vessels from China over the course of the past two and a half years. Meet the Green Energy Group Behind the Study That's Driving Calls To Ban Gas Stoves. [2] Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels. In 2018, OFAC designated Syrian regime-affiliated Qatirji Group for facilitating fuel trades between the Syrian regime and the Islamic State of Iraq and al Sham (ISIS), including providing oil products to ISIS-controlled territory. In 2012, ships smuggling Iranian oil began turning off tracking signals and stopped reporting positions when they neared ports to mitigate buyers anxieties. It is the biggest tanker company in the Middle East. FACT CHECK: Is Tom Brady's New Girlfriend Jewish? sanctions against the Assad regime and U.S. sanctions on Irans oil industry. Fleet As at 2010, the company operated 28 Very Large Crude Carriers ( VLCC ), nine Suezmax and five Aframax tankers. sanctions on Syria. TheSabitiwas reportedly60 miles from the Saudi port of Jeddah when it was hit. TEHRAN - Iranian Offshore Oil Company (IOOC), in collaboration with the National Iranian Tanker Company (NITC), has started implementing a project for injecting gas condensate into Soroush oil field in the Persian Gulf to maintain its production level. Select Other Languages. The tanker was anchored off the coast of Bandar Abbas and served as a storage facility for hundreds of thousands of barrels of Iranian crude in the Persian Gulf. Iran's army claimed it had seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, Iranian state media reported. Linesand the Belgium-based Euronav NVhave all confirmed having fewer tankers at their disposal. Many of these companies terminated contracts with the NITC after the Trump administration reinstated sanctions on Irans shipping industry in November 2018. Butthe National Iranian Oil Company later dismissed that possibility. Saddam Hussein wanted to take advantage of the chaos following Irans revolution and weaken his top regional rival. Oil, Obama's Man in China Now Beijing's Man in Washington, Hunter Biden's Hollywood Attorney Now Controls His Stake in Chinese Private Equity Firm. Cancel. The tankerdeliveredoil to the Assad regime at least three times between March 2012 and April 2013, according to theU.N. report. 13599, OFAC identified 37 NITC-affiliated entities and vessels in which NITC has an interest. As the Grace 1, the tanker was originally flagged as a Panamanian vessel; it was seized by Gibraltar on July 4. NITC will operate 50 VLCCs at that time, up from 28 in 2010. Valuable research and technology reports. NITC has a huge project for replacing tankers, including the construction and purchase of 25 tankers with a total capacity of 6 million tons. It accounted for five to six percent of global production. Dynamic search and list-building capabilities. In mid-2020, Zanganeh continued to act as an intermediary between the IRGC-QF and a Syrian regime-affiliated business, arranging for the funding of the release of a seized vessel and additional shipments of fuel oil; NITC set up a front company in the United Arab Emirates (UAE), Atlas Ship Management. In March 2019, Iran used 12 tankers, over a fifth of its fleet, for floating storage of unsold stocks, according to MarineTraffic. Between 1984 and 1988, a total of 451 ships were hit in the Gulf. In 2012, Iran purchased 12 additional supertankers from Chinese shipyards, which expanded its fleet from 39 to 51 tankers. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. Zhuhai Zhenrong Corp and Sinopec Group have activated a business clause in their long term supply agreement with NIOC, and likely Iran will cover all the costs and risks, including insurance, for the delivery of the crude. On August 5, Britain formally said it would join the United States in a new international maritime security mission to protect shipping in the Persian Gulf. To disguise ship identities, Iran also reflagged some of its tankers on the open waters to add an extra layer of protection to smuggling operations. Iranian ships engaged in smuggling regularly changed their namesnotably the Grace 1 became the Adrian Darya 1to obfuscate illicit activities. The Trump administration's stated goal was to bring Iranian exports down to zero. Its services include shipping refined petrochemicals, transporting crude oil, rescuing lives at large oceans and sea, training oil spill task forces, and training services; NITC is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. Iran has one of the worlds biggest tanker fleets, but many of the ships are ageing and require valid insurance, testing, inspection and certification, known as ship classification, to be able to ply international waters again. (May 7, 2020) Iran has shuffled the web of companies that own its oil tankers in recent months, forming five new firms in Belize while it shut down over a dozen front companies in the Carribean nation. , a tanker owned by the National Iranian Tanker Company, Saheb Sadeghi, the NITC head of public relations, said that the missiles were possibly fired from Saudi territory. The Europeans, China and Russiathe other partners to the dealcontinued to honor its terms. Tehran has registered the majority of its ships under flags of convenience, including countries such as Panama, Bolivia, Liberia, Togo, and Tanzania. Second round: In 2010, during the Obama administration, U.S. Congress passed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, which targeted firms investing in Irans energy sector or selling refined petroleum to Tehran. Its services include shipping refined petrochemicals, transporting crude oil, rescuing lives at large oceans and sea, training oil spill task forces, and training services; NITC is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License. The oil cargo was then covertly delivered to China. On October 11, Iranian state mediareportedthat theSabiti, a tanker owned by the National Iranian Tanker Company(NITC), was struck by missiles in the Red Sea. Iran has in its possession 42 very large crude carriers (VLCCs) with each caving a carrying capacity of 2 million oil barrels, according to the National Iranian Tanker Company (NITC). @B$A, $X JX3h=2 .! The Sea Dragon was renamed the Nexo; the Ming Zhu was renamed the Artemis; and the Gas Infinity was renamed the Echo Star, according to data from Kpler. All quotes delayed a minimum of 15 minutes. The U.S. and British initiatives followed attacks on six foreign tankers between May and June outside the Strait of Hormuz in the Gulf of Oman. The waivers were lifted in May 2019, when the United States launched its maximum pressure campaign to cut Irans oil exports down to zero. Another satellite signal showed the tanker sailing though the Indian Ocean to sell its cargo in East Asia before returning to Iran. %PDF-1.4 % Before sanctions, Tehran leased idle vessels to major oil companies. Iran's National Iranian Oil Tanker Company has announced plans to build a dual-fuel aframax in a domestic shipyard. It banned Tehran from testing missiles capable of carrying nuclear warheads and imposed an embargo on the transfer of major weapons systems to Iran. Find out more. June 24 The U.S. Congress passed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, which targeted firms investing in Irans energy sector or selling refined petroleum to Tehran. Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels. The Millionaire was owned by the NITC but was flagged to Tanzania. Interesting detail about Stk Ayan: What does it have to do with Bumerz Shipping? Tehran has employed four tactics to circumvent sanctions so it can continue to peddle its oil: Iran has bragged about beating the sanctions regime. Its transmissions resumed on October 11, shortly after the incident. NIOC and NITC provide both the oil and tankers for the sale of Iranian oil by the IRGC-QF. The tanker is managed by a company based in Turkey, another country that has maintained generally good relations with Tehran. TEHRAN The shipments of crude oil and oil products by the fleet of the National Iranian Tanker Company (NITC) have increased significantly over the past few months, according to the Iranian Minister of Cooperatives, Labor and Social Welfare. TEHRAN - Hojjatollah Abdolmaleki, the minister of cooperatives, labor, and social welfare, has praised the performance of the National Iranian Tanker Company (NITC) during a visit to the 26th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2022). TEHRAN Head of National Iranian Tanker Company (NITC) has said the amount of oil and petroleum products transported by the companys fleet has doubled over the past seven months, Mehr News Agency reported. THE NATIONAL COMPANY TRADING IN INTERNATIONAL OIL TRANSPORTATION MARKET WITH YOUNGEST TANKER FLEET O National iranian tanker co., Tehran, Iran. It targeted companies conducting business with Irans national oil company and tanker fleet, such as insurers and shippers. Jan. 23 The European Union adopted a set of targeted sanctions that banned the import, purchase, and transport of Iranian crude oil and petroleum projects, effective July 1. Chinese companies appeared more hesitant to do business with Iran for fear of financial penalties. Reflagging tankers allowed Tehran plausible deniability for smuggling oil and breaking sanctions under the cover of foreign flags. The Sabiti stopped transmitting its position in August near the Iranian port city of Bandar Abbas. [1] In 2009, Iran and South Korea's Daewoo signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude. Shipping sources estimate NITCs needs to replace over 20 tankers, including Very Large Crude Carriers (VLCC) capable of carrying 2 million barrels of oil, and Suezmax tankers capable of carrying 1 million barrels. Tankers were leased to Frances Total, Royal Dutch Shell, Spain's Cepsa, Dutch energy firm Vitol, Hanwha Total of South Korea, India's Essar, Turkish refiner Tupras, and China's CNPC. Again, won't be able to deliver to either Baniyas or Tartous without offloading a million barrels via a Ship-to-Ship transfer first. In 1987, at the peak of the so-called Tanker War between Iran and Iraq, Tehran had a total fleet of 17 tankers. The NITC owned 66 total oil tankers. G=xN>kEWfWVqLg%{V>Fh}@q:>K8OJGvl!/1lrZj/dGn?R\3X-'Z[j?O\gZy//W\m&s5\sW`iu|%AM0e~&Q>J7e0/:kY?#=%lc@R~H;40$l 7?% fu - `BCo$ In Irans tanker fleet, 11 VLCCs and Suexmaxes were built in 1999 or earlier, according to the Equasis shipping database. Each year, these vessels move tens of millions of barrels worth of Iranian oil, as well as Iranian natural gas, which constitute a major source of revenue to fund the Iranian regimes malign activities, the US said in a press release. [1] Operation Sentinel will escort flagged vessels of participating nations in coordination with European, Asian and Middle Eastern allies. In June 2019, China imported only 210,000 barrels per day (bpd) of Iranian crudethe lowest in nearly a decade and 60 percent below imports from Iran in June 2018. It was privatized in 2000 after a consortium of three Iranian pension funds purchased its shares. withdrawal date. Provides financial support to the Government of Iran through its shareholders which maintain ties with the Government; Removed from the E.U. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. The Masjid-i-Solaiman was the countrys first oil well. NITC Has Biggest Supertanker Fleet In The World. In 2012, the European Union implemented a set of targeted sanctions that banned the import, purchase and transport of Iranian crude oil and petroleum projects. Gibraltar released the oil tanker on August 15, after Tehran provided written guarantees that the ship would not deliver oil to Syria. We dont have any plan to expand the size but we do have the plan for fleet renewal to replace some of the older ships, Sardashti said. The Millionaire changed its MMSIa code that provides information on a ships identity and positionto match the Lady Rashas number. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. The ship then headed for Iskenderun, Turkey, but it went dark off the coast of Syria. The National Iranian Tanker Company (NITC, Persian: , Shirkat-e Mili-ye Nuftekshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. Not all of the Iran-flagged vessels have been switched to the direct ownership of the NITC. In April 2012,Iranagain reflaggedthe tankerto Bolivia whileit wascarrying smuggled oil through the Suez Canal. China In July 2012, Iran changed the vessels name to the Neptune to conceal its identity as an Iranian vessel and make finding a buyer easier. The falsified signals disguised the identity of the Millionaire as a Syrian-owned ship, the Lady Rasha. Get the latest online operator and fleet vessel safety risk warnings with easy to use red, amber and green safety warning. It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. View original page. These include a lack of a dollar clearing, the absence of an established mechanism for non-dollar sales, insufficient clarity on ship insurance and a reluctance of banks to provide letters of credit to facilitate trade with Iran.
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