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). It is the biggest tanker company in the Middle East; The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, Total SA, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. 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. In 2012, ships smuggling Iranian oil began turning off tracking signals and stopped reporting positions when they neared ports to mitigate buyers anxieties. @` It's gross tonnage is 164241 tons. The Iran Astaneh was an Iranian oil tanker registered to the NITC. The company has purchased 20 oil tanker vessels from China over the course of the past two and a half years. Adam Kredo and Reuters. 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. 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. As reported by the NITC's Office of Public Relations, Shiva has underlined preparing a guideline for the company . endstream endobj 124 0 obj <> endobj 125 0 obj <> endobj 126 0 obj <>stream Get the latest business insights from Dun & Bradstreet. [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. NITC has also played a significant role in oil deals used to generate revenue for the IRGC-QF and Hizballah. Irans brazen seizure of the ship is raising alarm bells with regional experts who say that Tehrans terrorism has gotten so out of control that not even China, a close ally of the Islamic nation, is immune to its escalating provocations. list in January 2016 as part of the Joint Comprehensive Plan of Action; We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation. Iranian ships engaged in smuggling regularly changed their namesnotably the Grace 1 became the Adrian Darya 1to obfuscate illicit activities. We identify risk of entities by COLOR selection, each color marks the risk level of the entity. In December 2013, the U.S. Treasury sanctioned the ship for its role in facilitating the illegal sale of Iranian oil. 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. 60 miles from the Saudi port of Jeddah when it was hit. 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. 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). The imprisoned ship is registered to Chinas Puyin Financial Leasing Company Limited, which is based in Shanghai, according to Lloyds. [1] TheSabitiwas reportedly60 miles from the Saudi port of Jeddah when it was hit. hb```a``r Q 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. The dates given for each ship represent the period of illicit activity. Entities affiliated with Designated / Sanctioned / Illicit entities. [9], NITC expects by 2013 to have 74 ships of all sizes, including very large crude carriers, or VLCCs, and also smaller vessels. Captured by @planetlabs #OOTT pic.twitter.com/sq6lB0n7MX. Between January and July 2019, Panama delisted over 50 Iranian tankers. 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. Be sure. [1] In 2008, NITC transferred 103 million tons of petroleum products abroad. In the shipping industry, transfers are commonly used to break up large shipments into smaller cargoes. National Iranian Tanker Co (NITC) (9.7 mill dwt, plus at least three VLCCs, chemical . 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. Comprehensive company profiles. Britain, France and Germany moved to salvage the accord. Many of these companies terminated contracts with the NITC after the Trump administration reinstated sanctions on Irans shipping industry in November 2018. By 1974, the fleet included four tankers. In August 2019, Irans tanker storage capacity was full, with more than 111 million barrels stockpiled offshore on 12 tankers, a fifth of its total fleet. Tehran has registered the majority of its ships under flags of convenience, including countries such as Panama, Bolivia, Liberia, Togo, and Tanzania. Irans sale of oil to Syria violated E.U. 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. April 22 The United States announced that it would stop granting sanctions exemptions to eight countries that imported Iranian oil: India, China, Turkey, Italy, Greece, South Korea, Taiwan, and Japan. It accounted for five to six percent of global production. Oil tankers typically have a lifespan of around 15 years to 20 years in the industry. April 27, 2023. BlackList is a list of all companies, organizations and figures who originate from Iran. All of these companies have a registered address with the National Iranian Tanker Company (NITC), indicating they serve as fronts. 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. 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 . Traditional customers, such as South Korea, halted purchases of Iranian crude. . There is not a single company in the world to own so many VLCCs, commented Nasrollah Sardashti, commercial director for NITC. 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. 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. The cargo, disguised as non-Iranian, was then sold to buyers. 13599, OFAC identified 37 NITC-affiliated entities and vessels in which NITC has an interest. Real-time trigger alerts. Fleet As at 2010, the company operated 28 Very Large Crude Carriers ( VLCC ), nine Suezmax and five Aframax tankers. During the same period, at least six other Iranian ships were tracked using similar tactics for covert deliveries to China. 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 The State Department declined to immediately comment on the situation Thursday, instead directing questions to the Pentagon. Irans total shipping capacity increased from 61.5 million barrels to 85.5 million barrels. All quotes delayed a minimum of 15 minutes. 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. We identify risk of entities by COLOR selection, each color marks the risk level of the entity. 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. In 1980, Iraq invaded Iran. Currently sailing under the flag of Iran. Sanctions for Rights Abuses, Irans Deepening Strategic Alliance with Russia, Explainer: Irans Strategic Pivot to the East, U.S. Report: Sexual, Gender-Based Violence in Iran, Timeline: U.S. Sanctions & Iran's Drones to Russia, Sanctions 6: U.S. Sanctions Many Iran Proxies, U.S. One tanker, Henna, was acquired by the Panama-registered Hectar Shipping. Find company research, competitor information, contact details & financial data for SANSONE of TOURCOING, HAUTS DE FRANCE. Beyond a potential listing, Sardashti said that he hoped NITC would receive 70-80 percent international financing for fleet modernization either from European or Asian lenders. 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. endstream endobj 127 0 obj <>stream BlackList is a list of all companies, organizations and figures who originate from Iran. The state-owned enterprise says it has ordered 16 other oil tankers that will join its current fleet of 45 carriers by 2011. 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. But the years of sanctions mean that Iran needs cash to modernize 20 large tankers within the next 2-3 years in what would be one of the biggest shipping orders of the past years, worth up to $1.5 billion based on average prices for new tankers. 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. As of 2015, Iran has 42 very large crude carriers or, This page was last edited on 10 October 2022, at 01:38. Iran denied the claim but refused to name the buyer. Valuable research and technology reports. In a depressed global shipping sector, Iran offers a rare business opportunity. "Was this a miscalculation from Iran, or has Iran become so brazen that even its close ally China is immune? Hectar Shipping is part of a network of eight firms in Panama that has acquired nine Iranian tankers since June 2019, according to maritime data reviewed by Akhbar Alaan. It banned Tehran from testing missiles capable of carrying nuclear warheads and imposed an embargo on the transfer of major weapons systems to Iran. The tanker changed its destination several times between August 15 and September 3. ", The incident could indicate that Chinas recently brokered peace deal between Iran and Saudi Arabia may not be as strong as some observers believe. 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. THE NATIONAL COMPANY TRADING IN INTERNATIONAL OIL TRANSPORTATION MARKET WITH YOUNGEST TANKER FLEET O National iranian tanker co., Tehran, Iran. The vessel is reportedly carrying 750,000 barrels of Kuwaiti crude oil and is chartered by Chevron. An Iranian official said that Tehran was looking at all options, which included finding new ships in Vietnam and Greece. Entities in a problematic sector - Sector controlled by the Top Alert entities. "It seems peculiar that Iran would then look to seize a tanker owned by its largest trading partner.". The National Iranian Tanker Company (NITC) transports Iranian crude exports on behalf of the National Iranian Oil Company. 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 . Tankers are equipped with an Automatic Identification System or A.I.S. ,zO}Ug$hL1I_) QN4tOH?t:*+7-l#XE\1Mx${@%hz". Foreign companies beganwithdrawingfrom Iran rather than risk running afoul of U.S. sanctions. The NITC expanded its operations to keep up with Irans increasing oil exports. 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 at 2011, NITC ranks as the fifth-biggest tanker operator worldwide, with a total of 43 ships. In August 2019, with exports plummeting, Iran needed only 42 of its tankers to ship oil. 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. The large percentage of tankers devoted to storage reduced Irans export capacity. Iran became one of the top five oil producers in the world. 650 people attended the anniversary, 350 from Iran and 300 from overseas. China Iran used the practice to transfer crude oil from its tankerseither stationed near a port or out at seato a non-Iranian vessel to mask the fact that the true origin of the oil is from Iran and to introduce it into the global market as if it were non-Iranian oil, according to the U.S. Treasury. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. 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. 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. [2] NITC has a capacity of 11 million tons per year. Iran stated its intent to continue with the deal if its economic benefits could be guaranteed. 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. *H@TW].R; TaHVma-v0La-6ub_z57{b.Zh9p@ #``d0`@}\8+a>3gi>>_zi\s%H Xu&@}}{l4zLb5"dm`& zCas12k (2BiH{^t6aG662Yl7j/raW{K?zNXT&`lbQPH@:RF @g`+JCh=Dw\.95949.UT&)4@c(6y_mf{) O0!Pvve/RqaN4i{Wl>fr)^y]x#'VqsFje=X4 0sN>+ Between 1984 and 1988, a total of 451 ships were hit in the Gulf. Aug. 1 The U.S. Congress passed The Iran Sanctions, Accountability, and Human Rights Act. 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. Get a D&B Hoovers Free Trial. Saddam Hussein wanted to take advantage of the chaos following Irans revolution and weaken his top regional rival. Current prices for a new VLCC is $93-$94 million, according to shipping broker Clarkson. TEHRAN The shipments of crude oil and oil products by the fleet of the National Iranian Tanker Company (NITC) have increased significantly over the past few months, according to the Iranian Minister of Cooperatives, Labor and Social Welfare. Before sanctions, Tehran leased idle vessels to major oil companies. In 2007, Tehranreflaggedthe tankerfrom Iranto Malta; it alsochangedthe tankersnamefrom the Tourto the ISIM Tourtopreemptivelyavoid U.S. sanctions. Operation Sentinel will escort flagged vessels of participating nations in coordination with European, Asian and Middle Eastern allies. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action. Our Standards: The Thomson Reuters Trust Principles. St Kitts and Nevis deflags 36 tankers owned by biggest dark fleet owner Add a personalized message to your email . countries imported 20 percent of Irans oil. Delivery of relatively new second-hand vessels would be much faster, possible within two months. E.U. ?@v?ll_uMeph>2uE}C&6k]Dh>,s`zKOn/9`CA(O*T*e"\F@@ 2)1MR("#P>CCn?~2"+"KtJI`y7s A@Us,X f( |&N(4Y0>$&+4&ZC~u5&8r!ROIlz}4NdTzTTZkX6|C#l)Vda|I_ 0Ciz-gO!~ 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. The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, TotalEnergies, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. [2] It is the biggest tanker company in the Middle East. In 1987, at the peak of the so-called Tanker War between Iran and Iraq, Tehran had a total fleet of 17 tankers. The privatization was purportedly a fictional scheme to shield NITC from sanctions. The Chinese companies building Irans surveillance state, The Canadian businessmen accused of helping Irans regime, Report Who are the people working for Iranian regime in Azerbaijan as spies. 25). Iran pumps about 4mn barrels per day to world markets, with roughly 60% bound for Asia and the remaining headed to Europe (2008). GeoLocation divisions are divided into two fields, Black List and Gray List. Countries that offer so-called flags of convenience typically have lax shipping regulations conducive to smuggling operations. Iranian crews have often turned off their ships transponders to evade detection and illicitly sell oil. [3], As at 2010, the company operated 28 Very Large Crude Carriers (VLCC), nine Suezmax and five Aframax tankers. [2] It is the biggest tanker company in the Middle East. Large VLCC tankers linked to Chinas National Petroleum Company reportedly conducted ship-to-ship transfers of Iranian crude off the coast of Malacca. Irans talks with South Korea about the purchase of 10 new supertankers were delayed by U.S. sanctions. 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. 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. withdrawal date. [2] NITC has a capacity of 11 million tons per year. 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. 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, 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. Writing by Henning Gloystein; Editing by Ed Davies. Third round: In November 2018, the Trump administration re-imposed sanctions six months after withdrawing from the 2015 nuclear deal. 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. (SDN List), such as the National Iranian Oil Company (NIOC), the National Iranian Tanker Company (NITC), and the Islamic Republic of Iran Shipping Lines (IRISL) are at serious risk of . NITC's revenues during the last Iranian year (ended March 20, 2009) reached $1.5 billion. At the peak of the war,Tehran had a total fleet of 17 tankers. Each country is responsible for the activities of the ships flying its flag and must ensure they abide by international maritime law. Irans fleet totaled at least 54 tankers, including 38 VLCCs and eight Suezmaxes, according to Lloyds List Intelligence. ,VncwJlCB P4WJz'(N9I'"rP$!0L8(YeeLJ*@SMeiA0("m:@qZ;M%Q3HJC#CBi3dax b'0=(@ B NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. 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. sanctions on Syria. The Trump administration also threatened to sanction any foreign company or country that dared to buy from Iran. TEHRAN Hossein Shiva has been appointed as the new managing director of the National Iranian Tanker Company (NITC), the companys Public Relations Department announced. 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. NATIONAL IRANIAN TANKER - TEHRAN, IRAN: Manager : NATIONAL IRANIAN TANKER - TEHRAN, IRAN: Description: DAN is a Crude oil tanker built in 2009 by DAEWOO SHIPBUILDING & MARINE ENGINEERING CO. LTD. - GEOJE, SOUTH KOREA. 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 Britain also announced its own European-led maritime protection mission to safeguard international shipping lanes. The tankerdeliveredoil to the Assad regime at least three times between March 2012 and April 2013, according to theU.N. report. "Irans actions are contrary to international law and disruptive to regional security and stability. Weitere. Dynamic search and list-building capabilities. The NITC owned 66 total oil tankers. Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD. Britain claimed that Iran had sold the cargo to Syria. This company knowingly transported Iranian petroleum-based products several times, using its tanker fleet. Select Other Languages. A further 10 were built in 2000. Jewish Students Reported a Professor for Anti-Semitism. In 2019, the Adrian Darya-1originally named the Grace 1became the most infamous case of tanker deception. Iran was forced to relist ships under its own flag, which in turn led foreign companies to be less willing to accept deliveries. In April 2019, Iran shipped as much as 300,000 bpd of oil using ship-to-ship transfers. Butthe National Iranian Oil Company later dismissed that possibility. 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. British authorities claimed the ship was attempting to smuggle oil to Syria in violation of E.U. It is the biggest tanker company in the Middle East. The waivers were lifted in May 2019, when the United States launched its maximum pressure campaign to cut Irans oil exports down to zero. Major players in Irans energy sector were liable to be sanctioned for supporting nuclear or ballistic missile development. Name Design Reg.Nr IMO Yard Nr Built Port Remarks; Baikal: Tankers: 27101: 9357353: S317: 28.05.2008: Zanzibar: Almost all international shipping companies and brokerage firms were there, said Sardashti. [citation needed]. @B$A, $X JX3h=2 .! Irans Oil Tanker Adrian Darya Reaches Destination: Spokesman https://t.co/qoTebdHUkq pic.twitter.com/f6FM9AhTgB. On July 22, the United Statesannounced Operation Sentinel, an international maritime coalition to protect vital shipping routes in the Persian Gulf. The act imposed tough penalties on companies found investing more than $20 million a year in Irans oil and gas industry. Iranusedmultipledeceptivetacticsto cover the tracks ofthe Tour 2, whichdiscreetlyshippedoil to the Assad regime in Syria. NITC will operate 50 VLCCs at that time, up from 28 in 2010. Jan. 28, 2016 TEHRAN Until 2012, the leaders of the National Iranian Tanker Company relished their work, playing cat and mouse with the Western authorities as they tried to keep a portion.