British Tanker Stena Impero Free to Leave - Iran ambassador
The detained British-flagged tanker Stena Impero is "free to leave," Iran's ambassador to the United Kingdom, Hamid Baeidinejad, said on Twitter on Monday."The British-flagged tanker 'Stena Impero', pursuant to the completion of the judicial and legal process, is now free to leave," he wrote.The seizure on July 19 of the ship, two weeks after Britain detained an Iranian tanker off Gibraltar, ratcheted up tensions in the region in the wake of attacks on other merchant vessels that Washington blamed on Tehran.Iran denied responsibility for those attacks…
Turkey: Iranian Tanker Headed to Lebanon
Turkey said on Friday that an Iranian tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon after changing course several times, although Beirut said it was not informed of the plan.According to Refinitiv tracking data, the Adrian Darya, formerly called Grace 1, made a U-turn on Friday and headed for Turkey's Iskenderun port - 200 km (124 miles) north of Syria's Baniyas refinery, the tanker's suspected original destination.However, Turkish Foreign Minister Mevlut Cavusoglu said the tanker…
Iranian Tanker Deviates from Turkish Destination
Iranian tanker Adrian Darya, at the centre of a dispute between Washington and Tehran, has changed course away from the Turkish coast, Refinitiv ship tracking data showed on Thursday.The tanker, formerly called Grace 1, was released from detention off Gibraltar in mid-August after a five-week standoff over whether it was carrying Iranian oil to Syria in violation of European Union sanctions.A Turkish official told Reuters earlier on Thursday that the Iranian tanker had not entered Turkish waters.
Iran: Oil Sold from Tanker Released by Gibraltar
Iran has sold the oil from a tanker released by Gibraltar after weeks in the custody of British Royal Marines and the vessel's owner will decide on its next destination, IRIB news agency quoted an Iranian government spokesman as saying on Monday.Separately, Tehran - embroiled in a spiralling confrontation with Washington over U.S. sanctions meant to strangle Iranian oil exports - announced that it had deployed a naval destroyer with cruise missiles to help secure Iranian ships.The Iranian government spokesman did not identify the recipient of the oil carried by the Adrian Darya tanker.
INSIGHTS: Noose Tightens Around Iranian Shipping
Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines off Gibraltar, raising tensions in the Gulf where Iran detained a UK-flagged ship in retaliation.Grace 1 remains impounded, not because of its flag but because it was suspected of taking oil to Syria in breach of EU sanctions…
Stena Bulk Asks to Visit Crew of Seized Tanker
The British operator of the tanker seized by Tehran, Stena Bulk, made a request on Sunday, July 21st, to visit the 23 crew members of the seized tanker Stena Impero, and is expecting a response from the Iranian government.A statement from the tanker operator quoted President and Chief Executive of Stena Bulk, Erik Hanell, as saying: “I can confirm a formal request for permission to visit the 23 crew members of the Stena Impero has been made to the authorities at the Port of Bandar Abbas.“The request has been acknowledged, but we await a formal response.
Analysis: Strait of Hormuz and the Risk of Escalation
The Strait of Hormuz, the narrow shipping lane between Iran and Oman named after the fabulously wealthy ancient kingdom of Ormus, has fascinated oil traders since the Iranian revolution in 1979. Iran has periodically threatened to close the strait to enemy shipping, while the United States and its allies have pledged to keep it open and maintain freedom of navigation, by force if necessary.The strait has become a symbolic flashpoint in the region-wide confrontation and indirect…
Bodies of Three Sanchi Crew Members Identified
The bodies of three of the crew of the Sanchi, the tanker involved in the worst oil ship disaster in decades off the coast of China, have been identified, the Iranian Students’ News Agency (ISNA) reported Saturday. The three crew members identified are Milad Aravi, Majid Naqian and Mohammad Kavousi, the agency reported. The semi-official Fars news agency said that the three were Iranian. The Iranian government is trying to get the bodies of the three crew members back to Iran, according to ISNA.
China Oil Spill Compensation Claims Face Iran Payment Snags
The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi, carrying 136,000 tonnes of highly flammable condensate oil, collided with the Chinese dry cargo vessel CF Crystal on Saturday in the East China Sea, causing an oil spill and a blaze that is still raging four days later. Liability has yet to be established but lawyers…
Hyundai Near Deal With Iran for 10 Ships
Hyundai Heavy Industries Co. (HHI), a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships, says a report in Yonhap. The contract, valued at USD650 million, will see Hyundai supply the Islamic Republic of Iran Shipping Lines, (IRISL) with four 14,400 TEU container ships and six 50,000 DWT product tankers, the Korea Herald reported. The vessels are expected to be delivered to Iran in the third quarter of 2018. If signed, the contract will be Iran's first deal with a foreign shipbuilder since the lifting of international sanctions on the Middle Eastern nation.
Iran Strikes $2.4bn Ship Order with Korea
Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says. The orders have been placed by the Islamic Republic of Iran Shipping Lines (IRISL) and the oil producer Iranian Offshore Oil Company (IOOC). The Korean companies involved in the case are Hyundai Mipo Dockyard, which is a subsidiary of shipbuilding giant Hyundai Heavy Industries Group, as well as Daewoo Shipbuilding and Marine Engineering Company.
DSME to Manage Iranian Shipbuilder
Daewoo Shipbuilding & Marine Engineering Co. (DSME) has signed a business agreement with the Iranian government on operation and technology instruction for Iranian state-run shipbuilder Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO), reports the Pulse. Under the agreement, the South Korea’s shipbuilder will transfer technology and conduct consignment management on the Iranian shipbuilder. The deal is expected to help DSME and other domestic shipbuilders win orders from refiners and other companies in Iran.
India Seeks Stake in Iran LNG Terminal
Indian Petroleum Minister Minister Dharmendra Pradhan says India has expressed interest in setting up an LNG terminal at Chahabar port in Iran to ship back home natural gas from Persian Gulf nation, reports PTI. India is ready to invest $20 billion in the development of Iran’s Chabahar port and has requested it to allocate adequate land in the Chabahar Special Economic Zone (SEZ), state-run Oil and Natural Gas Corp (ONGC) said in a statement. "Dharmendra Pradhan conveyed to the…
Iranian Ships to Make Trips to Europe, Americas
Iran all set launch a shipping line to Europe, North and South American countries, as sanctions against Iran’s shipping industry has been recently lifted. The Islamic Republic of Iran Shipping Lines (IRISL) has resumed its routes to various destinations across Europe, says IRISL managing director Mohammad Saeedi. According to Tehran Times, Iran’s shipping lines to Europe had been cut for seven years under the western-led sanctions against the country, but shipping lines to Homburg in Germany…
Iran Struggles to Find Enough Ships for Oil Exports
Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes. Tehran is seeking to make up for lost trade to Europe following the lifting of EU sanctions imposed in 2011 and 2012, which deprived it of a market that accounted for over a third of its exports and left it relying completely on Asian buyers. Iran has 55-60 oil tankers in its fleet, a senior Iranian government official told Reuters.
Europort to Partner IRANIMEX
Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the maritime and offshore industry’s most vibrant conference and exhibition, Europort, and the gateway event covering unprecedented industry opportunities in Iran. From 2016, the new partners will combine the blueprint established for previous IRANIMEX events and the international expertise that the Europort name conveys, under the brand ‘IRANIMEX powered by Europort’.
Commercial Ships Makes a Comeback to Iran
With MSC Mediterranean Shipping Company has resumed vessel operations to Iran, after services were suspended in 2012 in response to trade sanctions, Some of the world’s largest container shipping lines are pursuing business in Iran, reports WSJ. The shipping lines are planning to stop in Iran for the first time in years after the lifting of sanctions, marking a key step in the country’s return to international markets. The container ship MSC Domitille was the first, which berthed at the port Shahid Rajei after company started regular weekly loops through the southern Iranian port.
Danish Delegation in Iran Eyes Shipping, Energy Deals
Danish companies are eyeing a series of energy and shipping projects in Iran following a visit this week by the country's foreign minister, local news agencies and officials said on Tuesday. The Danish foreign ministry said its minister, Kristian Jensen, travelled to Tehran with a delegation representing 58 companies on Monday and that exports could increase by 500 million Danish crowns ($72 million) once sanctions against Iran's nuclear programme are lifted. News agency Shana cited Iranian Petroleum Minister Bijan Zanganeh as saying Danish companies were interested in developing oil fields in the Caspian Sea including the South Pars gas field, which also produces condensates. Global conglomerate A.P. Moller-Maersk is in the oil industry through its Maersk Oil unit.
Iran Shipping Rising from Sanctions
Malta Freeport has renewed its contracts in Iran with Hafiz Darya Shipping Lines (HDS) in the expectation that sanctions will be removed later this year, according to Times of Malta. Officials in Malta Freeport were perplexing to convince Iranian inhabitant shipping line IRISL to use a port. Iranian national shipping line IRISL – which had some 170 vessels in its heyday – started using Malta Freeport as its Mediterranean hub in 2004 and had become its second largest client. It was first hit by US sanctions in 2009 and unilaterally pulled out of Malta in 2011…
USN Escort U.S. Flagged Ships in Strait of Hormuz
Ships from U.S. Naval Forces Central Command in Bahrain have begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz, Defense Department officials said. Sufficient U.S. naval forces are assigned to the command to meet the requirements of the accompanying mission, officials said, adding that Navcent will coordinate with shipping-industry representatives to ensure the operations go smoothly and efficiently. The mission was prompted by two incidents this week in the Strait of Hormuz in which Iranian navy patrol vessels harassed commercial motor vessels traversing the strait.
Iranian Oil Tanker Blacklisted by EU
During a meeting in Brussels on Thursday 12 February, members of European Union decided to sanction again the Iranian Oil Tanker Company which is transporting oil around the globe. The EU's second-highest court ruled last July there were no grounds to blacklist the National Iranian Tanker Company (NITC), Iran's biggest tanker firm, after it contested the designation. Hence the EU moved to re-impose sanctions on tighter legal grounds, says a Reuters report. The regulation will be published in the EU's Official Journal on Saturday.
NITC: Says EU Sanctions Lifted
European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU failed to appeal against a court ruling that ordered the measures to be lifted, the shipping company said on Tuesday. NITC - a major transporter of Iran's oil - had contested the EU's blacklisting, arguing that the firm is privately owned by Iranian pension funds. It has denied any links with the Iranian government or with the Revolutionary Guards. The sanctions - imposed in 2012 over Tehran's disputed nuclear programme - prohibited any trade between the EU…
Payment Problems Disrupting Iran Food Deals
Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure. Iran is not barred from buying food or other "humanitarian" goods under sanctions imposed over Tehran's pursuit of nuclear technology, but measures by the European Union and the United States have made trade more difficult over the past two years. Several international trade sources, with knowledge of deals that have been affected, told Reuters that ships carrying cargoes of grain, including wheat and soybeans, as well as raw sugar, have been stuck for several weeks outside Iranian cargo ports such as Bandar Imam Khomeini and Bandar Abbas.