Russian Tanker Stopped For Suspected Smuggling

Friday, April 07, 2000
A Russian tanker was intercepted in the Gulf on Thursday on suspicion of smuggling Iraqi oil in defiance of U.N. sanctions, a U.S. admiral said. The Akademik Pustovoyt was boarded in the southern Gulf by a team of Americans who took oil samples for analysis to see if the fuel was from Iraq, said Vice Admiral Charles Moore. He coordinates an international force patrolling the area and commands the U.S. Navy's Manama, Bahrain-based Fifth Fleet. The force from 18 countries that patrols the Gulf to catch smugglers of Iraqi oil had boarded the ship four times in the past couple of months, but it had not been detained previously "for a variety of reasons," Moore said. U.N. sanctions were imposed on Iraq after its 1990 invasion of Kuwait. Iraqi crude oil is sold in exchange for necessities under a closely supervised U.N. "oil-for-food" program. Moore has previously said that ships smuggling Iraqi oil travel through Iranian-controlled waters in the Gulf with the knowledge of Iran water patrols. Higher oil prices have sharply increased smuggling and Iraq could make up to $1 billion this year on gasoil smuggled by water and land. Moore had addressed the U.N. Security Council last month on smuggling and advocated diplomatic efforts to persuade Iran to stop letting offenders use its territorial waters.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Bahri Inks Contracts with Hyundai to Build 5 VLCCs

The National Shipping Co. of Saudi Arabia (Bahri) signed contracts on Thursday with Hyundai Samho Heavy Industries (HSHI) to build five very large crude carriers (VLCCs),

Asia Dry Bulk-Capesize Rates Mixed on Uncertainty

Capesize rates slide after hitting 5-month high. Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

 
 
Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1190 sec (8 req/sec)