", "The working hypothesis at the moment is that it could either be an arbitrary detention of a vessel by Iran in response to the U.S. sailing its first unmanned vessel through the region last weekas a show of force," he said. Foreign companies suspended contracts in Iranian oil and gas fields and deferred bidding on new investments. These states maintain an open registry, which allows ship owners to register vessels without ties to the country. We are in talks with insurance and with classification societies (and) ready to class our ships, he said by telephone from Tehran. The National Iranian Tanker Company (NITC) transports Iranian crude exports on behalf of the National Iranian Oil Company. [2] NITC has a capacity of 11 million tons per year. The Millionaire was owned by the NITC but was flagged to Tanzania. 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. In September 2008,theUnited Statesannouncedsanctions onTehransshipping industry, which prompted Iran touse foreignfront companies tomaskownership of its tanker fleet. In 2008, NITC transferred 103 million tons of petroleum products abroad. transponders when crossing the Suez Canal to hide their positions before they offloaded cargo in Syria and Turkey, The New York Times reported. Real-time trigger alerts. Operation Sentinel will escort flagged vessels of participating nations in coordination with European, Asian and Middle Eastern allies. Iran also regained access to the international financial system, repatriated billions of dollars in frozen assets abroad, and returned to the oil market. [1] 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. [6] 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. We identify risk of entities by COLOR selection, each color marks the risk level of the entity. The National Iranian Oil Company (NIOC) had to offer greater incentives to negotiate contracts for supplies formerly sold to U.S. companies. "It seems peculiar that Iran would then look to seize a tanker owned by its largest trading partner.". Iran also changed the names of its tankers to confuse global ship-monitoring systems. We will continue to apply maximum pressure on the Iranian regime until its leaders change their destructive behavior, respect the rights of the Iranian people, and return to the negotiating table, said Secretary of State Mike Pompeo. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. All Content by Mehr News Agency is licensed under a Creative Commons Attribution 4.0 International License. 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 . Jan. 16 The 2015 nuclear deal went into its implementation phase. ,zO}Ug$hL1I_) QN4tOH?t:*+7-l#XE\1Mx${@%hz". April 27, 2023. Its first destination was listed as Kalamata, Greece, but the Greek government said it had no contact with the ship, nor did it have the capacity to host a tanker. 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. 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. [9], NITC expects by 2013 to have 74 ships of all sizes, including very large crude carriers, or VLCCs, and also smaller vessels. NITC has a capacity of 11 million tons per year; NITC, a subsidiary of NIOC, is responsible for the transportation of Iranian crude exports. ;.v;Jpf:fNpLhtCPe0 It was not immediately clear which entities would provide insurance for those shipments worth $1.5 billion a month. It accounted for five to six percent of global production. The Europeans, China and Russiathe other partners to the dealcontinued to honor its terms. Shipping of oil, petroleum products doubled in 7 months, Oil shipment by NITC fleet doubled: minister, NITC plays significant role in boosting Irans oil export, Oil, related products transport almost doubled in 4 past months, Domestic company to build 113,000-ton oil tanker for NITC, NITC shipping activities increase significantly, NITC to take special measures to improve livelihood of personnel, New managing director outlines NITCs goals, priorities, Hossein Shiva appointed NITCs new managing director, Iran implements project for injecting gas condensate into oilfield for 1st time, Indonesia releases seized Iranian oil tanker, Indian Muslims Protest Against Demolition of Jannatul Al-Baqi, Archaeological discoveries to alter Persian Gulf history, 2,600 inmates trained as crafters in Alborz, 100 historical monuments of Khorasan Razavi restored every year, Khorramabad to gain foothold on national tourism map, Sassanid town in southern Iran named national heritage, Beijings ambassador visits UNESCO sites in southwest Iran, Iran successfully tests aircraft engine made by Iranian parts, Iran FM appoints new deputy for Caspian Sea affairs, Iraqi prosecutor launches probe into alleged role of ex-PM role in Gen. Soleimani assassination, The Story of Seven Countries: A Review of US Aggression in West Asia and North Africa, Iran, S. Arabia resuming diplomatic ties: Foreign Ministry, Israel has suffered devastating blows from Iran: intelligence chief. withdrawal date. 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 . 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. It also imposed sanctions on foreign banks conducting business with Iran. 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. 141 0 obj <>/Filter/FlateDecode/ID[<07C23D6E0868A828C100C5491906D705>]/Index[123 40]/Info 122 0 R/Length 93/Prev 415847/Root 124 0 R/Size 163/Type/XRef/W[1 2 1]>>stream Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations. The Trump administration also threatened to sanction any foreign company or country that dared to buy from Iran. [2] It is the biggest tanker company in the Middle East. In 2019, Iran had insufficient on-shore space to store excess oil while searching for buyers, so it stored oil on large tankers that either sailed in circles around the Persian Gulf or docked in Irans territorial waters. 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. NITC Has Biggest Supertanker Fleet In The World. 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. The tactic was used to confuse tracking systems and conceal the vessels destination. 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. Irans total shipping capacity increased from 61.5 million barrels to 85.5 million barrels. Tankers are equipped with an Automatic Identification System or A.I.S. Under international maritime law, merchant ships must be registered with a country. 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 By 1974, the fleet included four tankers. An International Maritime Organization treaty, overseen by the United Nations, requires all ships of 300 tons or more to turn on their A.I.S. But Iran could still face legal uncertainties. It was privatized in 2000 after a consortium of three Iranian pension funds purchased its shares. 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. "Irans actions are contrary to international law and disruptive to regional security and stability. [2] It is the biggest tanker company in the Middle East. NITC expects by 2013 to have 74 ships of all sizes, including very large crude carriers, or VLCCs, and also smaller vessels. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. The National Iranian Tanker Co., the country's top oil-shipping company, is tinkering with plans to list some of its shares in domestic and international markets, the chief executive said. In April 2019, Iran shipped as much as 300,000 bpd of oil using ship-to-ship transfers. ? THE NATIONAL COMPANY TRADING IN INTERNATIONAL OIL TRANSPORTATION MARKET WITH YOUNGEST TANKER FLEET O National iranian tanker co., Tehran, Iran. 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. Between 2015 and 2017, the brief window when U.S. sanctions were lifted, the NITC signed 215 contracts to lease its tankers. Get a D&B Hoovers Free Trial. As the Grace 1, the tanker was originally flagged as a Panamanian vessel; it was seized by Gibraltar on July 4. Another satellite signal showed the tanker sailing though the Indian Ocean to sell its cargo in East Asia before returning to Iran. ! D>+` The NITC was formed to transport Iranian crude exports on behalf of the NIOC. It's gross tonnage is 164241 tons. If mathematical, chemical, physical and other formulas are not displayed correctly on this page, please useFirefox or Safari, International rankings of Iran in Transport, South Pars/North Dome Gas-Condensate field, National Iranian Oil Refining and Distribution Company, DESA - Iran Heavy Diesel Manufacturing Company, Creative Commons Attribution-ShareAlike License. NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. Irans fleet totaled at least 54 tankers, including 38 VLCCs and eight Suezmaxes, according to Lloyds List Intelligence. IRGC NITC says it has a fleet of 69 tankers, 66 of which are crude carriers, with a total of 15.5 million deadweight tonnage (DWT). 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. Irans tanker fleet is vulnerable to attacks and sabotage. In 2008, NITC transferred 103 million tons of petroleum products abroad. TOP 30 TANKER COMPANIES The managed fleet list shows 55 vessels, although charters increase that figure considerably. Panamanian corporate documents reveal that these firms are all run by Iranians with addresses in Tehran. Shipping sources say NITC has more than 40 tankers out of a fleet of around 70, that are new and modern enough to export oil once they receive classification, which could be achieved within weeks. NIOC and NITC provide both the oil and tankers for the sale of Iranian oil by the IRGC-QF. NITC officials also arranged to create a separate UAE-based front company, Atlantic Ship Management Company, ostensibly as an entity to replace Atlas Ship Management; In May 2018, when the Trump administration re-imposed unilateral sanctions against Iran after the complete withdrawal from the JCPOA, China started to shift its petroleum cargo to ships owned by the NITC to maintain or even increase imports from Iran; It was not immediately clear, which entities would provide insurance for those shipments worth $1.5 billion a month. 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. TEHRAN- Iranian Merchant Mariners Syndicate (IMMS) appreciated the efforts made by the National Iranian Tanker Company and honored the companys Managing Director Hossein Shiva for making constructive changes and removing many human resources problems in this company. Financial Data. NITC will operate 50 VLCCs at that time, up from 28 in 2010. Large VLCC tankers linked to Chinas National Petroleum Company reportedly conducted ship-to-ship transfers of Iranian crude off the coast of Malacca. In March 2019, Iran used 12 tankers, over a fifth of its fleet, for floating storage of unsold stocks, according to MarineTraffic. [3], As at 2010, the company operated 28 Very Large Crude Carriers (VLCC), nine Suezmax and five Aframax tankers. 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. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. In Irans tanker fleet, 11 VLCCs and Suexmaxes were built in 1999 or earlier, according to the Equasis shipping database. Britain, France and Germany moved to salvage the accord. Iran's seizure of a Chinese-owned oil tanker in the Gulf of Oman on Thursday signals that even Tehran's closest allies are subject to its malign . Interesting detail about Stk Ayan: What does it have to do with Bumerz Shipping? This page was last updated at 2023-04-18 08:32 UTC. Domestic company to build 113,000-ton oil tanker for NITC TEHRAN - National Iranian Tanker Company (NITC) has awarded the project for building a 113,000-ton oil tanker to a high-level domestic company, the company's managing director announced. TPbV8Yum-WZ{Oo;Y2*cG_v>@-IU/u[Mgn??!X2vF?? Jungman, whose advocacy group closely tracks the regime in Tehran, described the timing of the incident as "peculiar. It was originally run by the state under both the monarchy and the theocracy. 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. As at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. The country emerged from years of economic isolation last weekend after crippling sanctions were lifted in return for Tehran complying with steps to curb its nuclear ambitions. The Deep Cleaner oil tanker is among the most advanced ships of its type when regarding the Middle East region and it comes featuring liquid nitrogen tankers and a permanently integrated nitrogen unit. In August 2019, with exports plummeting, Iran needed only 42 of its tankers to ship oil. In 2012, only seven of Irans 25 supertankers operated on-board transponders. 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. Iran has relied on a series of front companies, dozens of them registered in Belize, for tankers under its control. All quotes delayed a minimum of 15 minutes. Reflagging tankers allowed Tehran plausible deniability for smuggling oil and breaking sanctions under the cover of foreign flags. 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. 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. ", The incident could indicate that Chinas recently brokered peace deal between Iran and Saudi Arabia may not be as strong as some observers believe. Be sure. We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation. Naval Command in Bahrain said in a statement. In November 2018, the US Department of the Treasury announced sanctions against the NITC and its fleet of tankers as part of Washingtons reimposition of sanctions against Iran. Saddam Hussein wanted to take advantage of the chaos following Irans revolution and weaken his top regional rival. BothChinaandRussiasaid they intended to observe the JCPOA and continue to trade with Iran. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. Irans single largest source of revenue is from oil exports; by mid-2019, 70 percent of its income was from petroleum products. Captured by @planetlabs #OOTT pic.twitter.com/sq6lB0n7MX. The NITC expanded its operations to keep up with Irans increasing oil exports. 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). In April 2012,Iranagain reflaggedthe tankerto Bolivia whileit wascarrying smuggled oil through the Suez Canal. Entities in a problematic sector - Sector controlled by the Top Alert entities. Visits Total: 19190051 . Provides financial support to the Government of Iran through its shareholders which maintain ties with the Government; Removed from the E.U. Delivery of relatively new second-hand vessels would be much faster, possible within two months. 13599 for meeting the definition of the term Government of Iran", Status:Top Alert Entity designated / sanctioned for terror, WMD and human rights violation. British authorities claimed the ship was attempting to smuggle oil to Syria in violation of E.U. Get the latest online operator and fleet vessel safety risk warnings with easy to use red, amber and green safety warning. [citation needed]. [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. As of 2015, Iran has 42 very large crude carriers or. Countries that offer so-called flags of convenience typically have lax shipping regulations conducive to smuggling operations. November 8, 2021 - 14:26. This company knowingly transported Iranian petroleum-based products several times, using its tanker fleet. May 8 President Trumpannouncedthe U.S. withdrawal from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), and reimposition of sanctions on Iran. %PDF-1.4 % . [7] 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. Info: National Iranian Tanker Company operates as an independent shipping company in Iran. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address c/o Hackwood . Meanwhile, the United States announced on Thursday new sanctions on the IRGC "for its involvement in the wrongful detention of at least one U.S. national abroad," according to the State Department.
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