Nakira Griner Update 2021, Pulaski Shipwreck Passenger List, Brandon Boston Jr Parents, Trevor Berbick Death Scene, Articles N

Smuggling in Persia goes back to ancient times, but the Islamic Republic has become increasingly adept at illicit trafficking in oil since the United States re-imposed economic sanctions in November 2018. Countries that offer so-called flags of convenience typically have lax shipping regulations conducive to smuggling operations. sanctions against the Assad regime and U.S. sanctions on Irans oil industry. We are planning to list NITC first on local exchanges and then we will go for overseas listing to raise funds, said Sardashti, adding that it still needed to obtain board approval. But the sanctions had limited short-term effect on Irans economy. TheSabitiwas reportedly60 miles from the Saudi port of Jeddah when it was hit. 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. Find out more. Like Belize, Panama is a tax-haven that hosts a number of front companies for Irans tankers. See here for a complete list of exchanges and delays. National Iranian Tanker Company has taken delivery of its newly built VLCC from China s Shanghai Waigaoqiao Shipyard and the vessel is currently sailing toward Singapore, sources said Thursday. Panamanian corporate documents reveal that these firms are all run by Iranians with addresses in Tehran. 5. ?@v?ll_uMeph>2uE}C&6k]Dh>,s`zKOn/9`CA(O*T*e"\F@@ 2)1MR("#P>CCn?~2"+"KtJI`y7s A@Us,X f( |&N(4Y0>$&+4&ZC~u5&8r!ROIlz}4NdTzTTZkX6|C#l)Vda|I_ 0Ciz-gO!~ : #NITC pic.twitter.com/R83xRqAq7i. 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. July 12 The United States first designated the NITC. Nasrollah Sardashti, the commercial director of the National Iranian Tanker Company (NITC), said his company was in talks with all leading insurance and classification firms, including Lloyds, DNV GL and Bureau Veritas. The oil cargo was then covertly delivered to China. The NITC owned 66 total oil tankers. Visits Total: 19988117 | Last Month: 514882, IFMAT | Iran , Iranian Regime Frauds, Manipulations, Atrocities Human Rights Violations, Threats and Terror, Identified pursuant to E.O. In 2012, only seven of Irans 25 supertankers operated on-board transponders. The National Iranian Tanker Company (NITC) transports Iranian crude exports on behalf of the National Iranian Oil Company. 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. As at 2012, NITC with 40 tankers of 100,000 to 300,000 tons, does not have the long-distance capacity for more than 2 million barrels (300,000 tons) a day in exports. NITC will operate 50 VLCCs at that time, up from 28 in 2010. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. Financial Data. (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. And in a sign of this appetite, foreign shippers and brokers flocked to Tehran last week to attend NITCs 60th birthday party on January 17. June 9 The U.N. Security Council adopted Resolution 1929 which tightened proliferation-related sanctions on Iran. Irans tanker fleet is vulnerable to attacks and sabotage. Dynamic search and list-building capabilities. 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; Additionally, pursuant to E.O. Provides financial support to the Government of Iran through its shareholders which maintain ties with the Government; Removed from the E.U. Before sanctions, Tehran leased idle vessels to major oil companies. WE NOW HAVE VISUAL CONFIRMATION 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. Each ship was assigned a unique IMO code, which made it possible for maritime intelligence companies to track the ships despite their name changes. V Entities in a problematic sector - Sector controlled by the Top Alert entities. Iran programmed the tankers GPS system to send incorrect satellite signals that confused global tracking systems. On August 18, the Grace 1 changed its name to the Adrian Darya-1 and raised an Iranian flag before departing the Gibraltar port. ", The incident could indicate that Chinas recently brokered peace deal between Iran and Saudi Arabia may not be as strong as some observers believe. 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. As a result, Tehran increasingly relied on its national fleet. By 1974, the fleet included four tankers. An Iranian official said that Tehran was looking at all options, which included finding new ships in Vietnam and Greece. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. 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. withdrawal date. Get a D&B credit report on this company . National Iranian Tanker Company shuffling front companies for tanker fleet The Pentagon said the mission would be to increase surveillance of and security in key waterways in the Middle East to ensure freedom of navigation in the Gulf, through which roughly one-fifth of the worlds oil passes. Munro Anderson, a partner at the maritime security company Dryad, said Iran usually detains vessels for "leverage or signaling. In 2009, Iran and South Korea's Daewoo signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude. GeoLocation divisions are divided into two fields, Black List and Gray List. The so-called Tanker War was launched in March 1984 by Iraqs airstrike on Irans Kharg Island oil terminus and several Iranian ships. L bN LS,08jl!X90Zm3e`O!T:; #F1c^W;vqo9(Jd|RP$ ]'=>|VOI:oGA3_) 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. 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. 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. Major players in Irans energy sector were liable to be sanctioned for supporting nuclear or ballistic missile development. In future months, the Americans themselves will see that we will continue our oil exports, Iranian President Hassan Rouhani said in April 2019. Gibraltar released the oil tanker on August 15, after Tehran provided written guarantees that the ship would not deliver oil to Syria. National Iranian Tanker Company (Nitc), AMBER, fleet safety risk rated. The Treasury Department is also identifying today the National Iranian Tanker Company (NITC) as a Government of Iran entity and, for the first time, the NITC fleet and various front companies belonging to NITC, Treasury said in a press release. Delivery of relatively new second-hand vessels would be much faster, possible within two months. In June 2012,the shipappearedin areportby the U.N. Panel of Experts on Iran, which described specific instances of Iranian smuggling operations using its tanker fleet. endstream endobj 127 0 obj <>stream Chinese companies appeared more hesitant to do business with Iran for fear of financial penalties. ;.v;Jpf:fNpLhtCPe0 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. 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. The move comes as Iran oil shipments have fallen by almost 730,000 b/d since May, when the US withdrew from the Iran nuclear deal. Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations. TehranusedaMaltesefront company to disguise theTours ownership and hide its connection to the Iranian government. Iran pumps about 4mn barrels per day to world markets, with roughly 60% bound for Asia and the remaining headed to Europe (2008). 0 As of January 2011, NITC has 46 tankers with an annual capacity of 10.6 million tons to be increase to 12.5 million tons by the end of the year. Naval Command in Bahrain said in a statement. Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of seizures or attacks on commercial vessels . It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. Although all the tankers are double hull and comply with international regulations, they are getting old as the life of a trading VLCC is 15-17 years. 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. But. Not all of the Iran-flagged vessels have been switched to the direct ownership of the NITC. All Content by Mehr News Agency is licensed under a Creative Commons Attribution 4.0 International License. Irans total shipping capacity increased from 61.5 million barrels to 85.5 million barrels. Iran seizes oil tanker in Gulf, U.S. Navy says | Reuters On July 22, the United Statesannounced Operation Sentinel, an international maritime coalition to protect vital shipping routes in the Persian Gulf. Adam Kredo and Reuters. During the conflict, Iraq attacked tankers ferrying Iranian oil, mainly at the northern end of the Gulf. [2] NITC has a capacity of 11 million tons per year. New managing director outlines NITC's goals, priorities [citation needed]. In the shipping industry, transfers are commonly used to break up large shipments into smaller cargoes. TPbV8Yum-WZ{Oo;Y2*cG_v>@-IU/u[Mgn??!X2vF?? Our Standards: The Thomson Reuters Trust Principles. Get the latest business insights from Dun & Bradstreet. NITC will operate 50 VLCCs at that time, up from 28 in 2010. 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. 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. Reason for the color: Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) on October 26, 2020 pursuant to Executive Order 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, the IRGC-QF; Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) on November 5, 2018, identified pursuant to E.O. The National Iranian Oil Company (NIOC) had to offer greater incentives to negotiate contracts for supplies formerly sold to U.S. companies. But Western officials claimed that the company was still tied to the regime. Britain also announced its own European-led maritime protection mission to safeguard international shipping lanes. All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License. Jun 23 2020 (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. Britain, France and Germany moved to salvage the accord. "Irans actions are contrary to international law and disruptive to regional security and stability. It has stored oil on its tanker fleet at sea while it searched for potential buyers willing to risk U.S. sanctions. This page was last updated at 2023-04-18 08:32 UTC. The State Department declined to immediately comment on the situation Thursday, instead directing questions to the Pentagon. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. Saddam Hussein wanted to take advantage of the chaos following Irans revolution and weaken his top regional rival. DUBAI, United Arab Emirates (AP) Iran's navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday heading to the U.S. amid wider tensions over Tehran's nuclear NITC serves Iran not only as a vehicle for. 162 0 obj <>stream Iran became one of the top five oil producers in the world. Real-time trigger alerts. 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. In March 2019, Iran used 12 tankers, over a fifth of its fleet, for floating storage of unsold stocks, according to MarineTraffic. 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). In Irans tanker fleet, 11 VLCCs and Suexmaxes were built in 1999 or earlier, according to the Equasis shipping database. 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. "China has long served as a lifeline for Iran, especially since the U.S. reimposed sanctions on the Iranian oil industry," Claire Jungman, chief of staff for United Against a Nuclear Iran, told the Free Beacon. We identify risk of entities by COLOR selection, each color marks the risk level of the entity. According to the National Iranian Oil Companys reports, the acidizing tanker which operates along the lines of the South Pars phase 16 development plan, has managed to increase phase 16 wells oil production up to a record-breaking 2.5 times. 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 November 8, 2021 - 14:26. GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran. Iran pumps about 4mn barrels per day to world markets, with roughly 60% bound for Asia and the remaining headed to Europe (2008). Once a ship registers under the flag of a new country, that countrys laws apply to the vessel. The NITC expanded its operations to keep up with Irans increasing oil exports. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. [1] Irans fleet totaled at least 54 tankers, including 38 VLCCs and eight Suezmaxes, according to Lloyds List Intelligence. Iran's tanker fleet goes off grid post-sanctions TEHRAN The Head of National Iranian Tanker Company (NITC) said that free trade is Irans right and no power can intervene in the country's exports and imports, IRNA reported on Tuesday. [3], As at 2010, the company operated 28 Very Large Crude Carriers (VLCC), nine Suezmax and five Aframax tankers. According to the club's website, Kish P&I Club offers between $500,000and . In August 1996, U.S. Congress passed the Iran-Libya Sanctions Act that imposed tough penalties on companies found investing more than $20 million a year in Irans oil and gas industry. Iranian company to build 113,000-ton oil tanker for NITC It was privatized in 2000 after a consortium of three Iranian pension funds purchased its shares. The contracts were either for single voyages or time-charter agreements, which permit companies to charter ships for a set period of time. At the time, it was one of the largest oil refineries in the world and significantly increased Iranian crude oil production. Captured by @planetlabs #OOTT pic.twitter.com/sq6lB0n7MX. Jan. 16 The 2015 nuclear deal went into its implementation phase. 25). The tanker changed its destination several times between August 15 and September 3. The cargo, disguised as non-Iranian, was then sold to buyers. The following countries have committed to work alongside or collaborate with the U.S.-led maritime mission: Australia, Bahrain, Britain, Israel, Saudi Arabia, and the United Arab Emirates. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. In 1980, Iraq invaded Iran. Name Design Reg.Nr IMO Yard Nr Built Port Remarks; Baikal: Tankers: 27101: 9357353: S317: 28.05.2008: Zanzibar: Large VLCC tankers linked to Chinas National Petroleum Company reportedly conducted ship-to-ship transfers of Iranian crude off the coast of Malacca. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action. "Two members of the boat's crew are missing and several were injured due to the collision of the ship with the boat," an Iranian army statement said. The state-owned enterprise says it has ordered 16 other oil tankers that will join its current fleet of 45 carriers by 2011. It accounted for five to six percent of global production. . Iranian company to build 113,000-ton oil tanker for NITC | Hellenic Shipping News Worldwide Got it This website uses cookies to ensure you get the best experience on our website. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. Beijing is the biggest buyer of heavily sanctioned Iranian crude oil, importing at least $22 billion worth since President Joe Biden took office. THE NATIONAL COMPANY TRADING IN INTERNATIONAL OIL TRANSPORTATION MARKET WITH YOUNGEST TANKER FLEET O National iranian tanker co. | Tehran [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. The privatization was purportedly a fictional scheme to shield NITC from sanctions. Tehran soon struggled to find buyers for its oil. [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. There is not a single company in the world to own so many VLCCs, commented Nasrollah Sardashti, commercial director for NITC. In a depressed global shipping sector, Iran offers a rare business opportunity. The United States granted temporary six-month waivers to a few countriesChina, India, South Korea, Turkey, Taiwan, Malaysia, South Africa, Singapore and Sri Lankathat had long depended on Iranian energy. National Iranian Tanker Company - IFMAT Souri commented that the National Iranian Tanker Company has purchased five ships while the others were bought within the private sector. 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). It also agreed to freeze the assets of Irans central bank in the European Union. Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Comprehensive company profiles. Sweeping Sanctions on Hezbollah Network, U.S. Sanctions Network Supplying Drone Parts, U.S. Indicts Iranians Plotting to Kidnap Journalist, U.N. Court Rejects Irans Case to Unfreeze Assets, Comments: Biden & U.S. Officials on Iran in 2023, U.S. Report: Irans Support for Terrorism, Timeline: Iran's Foreign Plots and Assassinations, Nowruz: Iran Declares Victory Over Protests, Nowruz: U.S.-Iranian Astronaut at the White House, Nowruz: Bidens Celebrate the Persian New Year. It was originally run by the state under both the monarchy and the theocracy. 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. The waivers were lifted in May 2019, when the United States launched its maximum pressure campaign to cut Irans oil exports down to zero.