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National Iranian Tanker Company News

26 Sep 2022

Tankers to Discharge Iranian Crude, Condensate at Venezuela's Main Port

Tankers carrying about 1.22 million barrels of Iranian crude and 2 million barrels of condensate are scheduled to discharge at Venezuela's Jose terminal in the coming days, according to a document from state oil company PDVSA.Venezuela relies in Iran for a large portion of the diluents that PDVSA uses to convert its heavy oil to exportable grades. Iranian crude also is being refined in the South American country to produce motor fuels.One of the tankers that arrived this month in Venezuelan waters is the Iran-flagged very large crude carrier (VLCC) Huge, operated by National Iranian Tanker Company (NITC), according to the document. Non-profit organization United Against Nuclear Iran and monitoring service TankerTrackers.com confirmed its identity.For the second cargo…

24 May 2022

Oil Tanker Arrives in Venezuelan Waters to Discharge Iranian Crude

A tanker carrying about 1 million barrels on Iranian heavy crude arrived in recent days in Venezuelan waters for delivery to the country's largest refinery, according to a shipping report seen by Reuters on Monday and vessel tracking data.Iran and Venezuela have recently expanded a swap agreement signed last year, adding the supply of Iranian heavy crude to Venezuela's El Palito refinery and Paraguana Refining Center (CRP), part of an effort to revamp the dilapidated facilities.

18 May 2022

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

© Jess Yu / Adobe Stock

China is set to receive close to two million barrels of Iranian oil this week and pump into a reserve base in south China, according to tanker tracker specialist Vortexa Analytics.Diona, a very large crude carrier owned by National Iranian Tanker Company (NITC), is expected to discharge the oil into an oil terminal in Zhanjiang of Guangdong province, said Emma Li, Vortexa's China analyst.This would be the third Iranian oil cargo destined for government stockpile following two similar-sized shipments in December and January.This shipment is likely to be reported by Chinese customs which is due

16 Feb 2022

Iranian Condensate Cargo arrives in Venezuela

A 2.1 million barrel cargo of Iranian condensate arrived in Venezuela's waters this week, vessel tracking data and a company document showed, ferrying supplies to state-run oil firm PDVSA to dilute its extra heavy oil for export.U.S.-sanctioned Venezuela and Iran last year agreed to a contract for exchanging Iranian condensate, a very light form of oil, for Venezuelan heavy crude. The trade has proven key to sustaining PDVSA's production and expanding its exports.The Iranian-flagged very large crude carrier (VLCC) Dan, operated by state-owned National Iranian Tanker Company (NITC), entered Venezuelan Jose port's anchorage on Tuesday…

31 Jan 2022

Iranian Oil Tanker to Discharge 2 Million Barrels in Venezuela

An Iranian supertanker carrying about 2 million barrels of condensate this week began discharging at Venezuelan state-run oil company PDVSA's main oil port, according to a company document and tanker tracking services.PDVSA and state-run National Iranian Oil Company (NIOC) in the second half of last year started a swap deal to exchange Iranian condensate for PDVSA's heavy crude. The pact has proven to be key for sustaining Venezuela's oil output, which needs diluents including condensate for transportation and exports.Last year, the two state companies that are under U.S. sanctions exchanged some 4.82 million barrels of condensate for 5.55 million barrels of heavy crude, mostly transported in Iran-flagged vessels.

31 May 2021

Indonesia Releases Iranian Tanker It Seized In January

Iranian-flagged MT Horse (formerly known as Honar) - Credit: Mick Prendergast

An Iranian-flagged tanker seized by Indonesia in January over the suspected illegal transfer of oil has been released, an Indonesian official and Iranian state media said on Saturday.Wisnu Pramandita, a spokesman for the Indonesian coastguard, said the Iranian-flagged tanker, the MT Horse, was released on Friday after a court decision earlier in the week.The court ruled the vessel could leave Indonesia, while the captain would be subject to a two-year probation without any fine…

23 Feb 2021

Perfect Trips: Venezuela Ships Jet Fuel to Iran in Exchange for Gasoline

Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a swap deal agreed by the two state-run oil firms, three people with knowledge of the matter told Reuters.Iran has ramped up assistance to Venezuela since last year as the United States tightened sanctions on both countries, hitting oil exports by state-run firms Petroleos de Venezuela and National Iranian oil Company (NIOC).Iran has sent flotillas of state-operated tankers carrying gasoline and feedstock for motor fuel to Venezuela, as well as equipment and spare parts to help the once-prosperous OPEC nation restart its…

27 Jan 2021

China Inquires About Chinese Crew Aboard Tankers Seized By Indonesia

China said on Wednesday it was seeking details about 25 of its nationals who were among 61 crew on two supertankers seized by Indonesia on suspicion of illegally transferring oil.Indonesia said on Sunday it had seized the vessels after they were detected making the transfer from Iranian-flagged MT Horse to Panamanian-flagged MT Freya, causing an oil spill.The Indonesian authorities said the seizure was not related to U.S. sanctions, which Washington imposed in a bid to shut off Iran’s oil exports in a dispute over Tehran’s nuclear program.The MT Horse, owned by the National Iranian Tanker Company, and MT Freya, managed by Shanghai Future Ship Management Co…

26 Jan 2021

Indonesia Escorts Seized Tankers to Dock for Investigation

The Iranian and Panamanian-flagged vessels seized by Indonesian authorities for suspected illegal oil transfers are making their way to dock at Batam island in the country’s Riau Islands Province for further investigation, a Indonesia coast guard spokesman told Reuters.The two supertankers, with crew members from Iran and China, were seized on Sunday in Indonesian waters near Kalimantan island. The MT Horse, owned by the National Iranian Tanker Company and MT Freya, managed by Shanghai Future Ship Management Co, had a total of 61 crew members onboard.“The ships will arrive in Batam at around 3pm (0600GMT) to 4pm later today,” Wisnu Pramandita…

25 Jan 2021

Iran Asks Indonesia to Explain Tanker Seizures

Iran has asked Indonesia to provide details about the seizure of an Iranian-flagged vessel, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on Monday, a day after Jakarta said it had seized Iran and Panama-flagged tankers in its waters.Indonesia said on Sunday its coast guard had seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal oil transfer in the country’s waters.Khatibzadeh said that the seizure was over a “a technical issue and it happens in shipping field”.“Our Ports Organisation and the ship owner company are looking to find the cause of the issue and resolve it,” Khatibzadeh told a televised weekly news conference.Coast guard spokesman Wisnu Pramandita said the tankers…

25 Jan 2021

Indonesia Seizes Iran, Panama-flagged Vessels Citing Illegal Oil Transfer

Iranian-flagged MT Horse (formerly known as Honar) - Credit: Mick Prendergast

Indonesia said its coast guard seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal oil transfer in the country's waters on Sunday.Coast guard spokesman Wisnu Pramandita said the tankers, seized in waters off Kalimantan province, will be escorted to Batam island in Riau Island Province for further investigation."The tankers, first detected at 5:30 a.m. local time (2130 GMT on Jan. 23) concealed their identity by not showing their national flags…

27 Oct 2020

US Issues Fresh Sanctions Targeting Iran's Oil Sector

© Vladimir / Adobe Stock

The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic's oil sector, including the Iranian Ministry of Petroleum, in Washington's latest move to increase pressure on Tehran.The U.S. Treasury Department in a statement said it was slapping sanctions on key actors in Iran's oil sector for supporting the Quds Force, the elite foreign paramilitary and espionage arm of the Islamic Revolutionary Guard Corps."The regime in Iran uses the petroleum sector to fund the destabilizing activities of the IRGC-QF…

21 Oct 2019

Damaged Iranian Tanker Enters Iranian Waters

An Iranian tanker damaged in the Red Sea two weeks ago has entered Iranian territorial waters, the official IRNA news agency reported on Monday, citing information from the National Iranian Tanker Company.The tanker will dock at Kharg Island in two days, the report said.Iranian President Hassan Rouhani said last week that the tanker, the Sabiti, had been hit by at least two rockets, and there is video footage of the incident.The attack was undoubtedly carried out by a government and there would be consequences, Rouhani said last week.Iranian authorities reported that the Iranian-owned oil tanker was struck off Saudi Arabia’s coast. There has been no independent report on the cause of the damage.Iran’s rival Saudi Arabia has said it was not behind any attack on the tanker.

28 Dec 2017

NITC Signs 200 Tanker Charter Deals

The National Iranian Tanker Company (NITC) has signed over 200 leasing contracts for its vessels since the lifting of the Western-imposed economic sanctions two years ago, Financial Tribune reported on Thursday. The report quoted Iran Tanker Company's Chief Executive Officer Sirous Kianersi saying that from the easing of the sanctions (in January 2016) until the end of last month, foreign companies signed 215 time-charter and single-voyage deals for NITC tankers. NITC signed agreements with France's Total, Royal Dutch Shell, Spain's Cepsa, Vitol, Hanwha Total of South Korea, India's Essar, Turkish refiner Tupras, China's CNPC, among others.

26 Nov 2017

Norway to Aid Iran's Fleet

Iran's tanker shipping company plans to expand cooperation with Norwegian suppliers of parts for oil tankers, Financial Tribune daily reported. National Iranian Tanker Company (NITC) head Sirous Kianersi quoted as saying that NITC has been in touch with Norwegian ship parts and equipment manufacturers in the last 20 years and we hope to keep up this collaboration. According to the report, the NITC plans to modernize its fleet of around 70 tankers, one of the largest in the world, under a five-year program, and Norwegian companies are "on the NITC's list" to help the company upgrade its large fleet. The cooperation is in line with the measures to comply with global environmental standards, Kianersi said at the Iran-Norway Bilateral Maritime Opportunities conference.

27 Dec 2016

IRISL led JV for Ship Repair

The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line (IRISL) and ‎ National Iranian Tanker Company (NITC). According to MANA correspondent, the initial agreement for establishing a Joint Venture Company in ship repair sector, was signed by Dr. Mansour Moazami, Iran's deputy minister of Industry, Mine and Trade and head of the board at IDRO, Dr. Mohammad Saeedi , director and head of the board at IRISL and Sirous Kianersi, NITC director. Based on this agreement, a Joint Venture Company with the presence of IDRO, IRISL , NITC and a renowned international company will be established in the ship repair as well as building vessels sector.

24 Dec 2016

IRISL, NITC Pact for Ship Repair JV

The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line(IRISL) and ‎ National Iranian Tanker Company (NITC). According to MANA correspondent, the initial agreement for establishing a Joint Venture Company in ship repair sector, was signed by Dr. Mansour Moazami, Iran's deputy minister of Industry, Mine and Trade and head of the board at IDRO, Dr. Mohammad Saeedi , director and head of the board at IRISL and Sirous Kianersi, NITC director. Based on this agreement, a Joint Venture Company with the presence of IDRO, IRISL , NITC and a renowned international company will be established in the ship repair as well as building vessels sector.

23 May 2016

KR to Deliver Engineering, Ship Surveys in Iran

Korean Register (KR) – an IACS member classification society - has signed a Memorandum of Agreement to establish a joint venture company with the Iranian Classification Society (ICS). The agreement is to deliver plant facility certification and engineering services. This is a growing market, with demand for plant project and industry safety inspection services expected to increase significantly over the next five years. The company will be called the ‘Iran-Korea Technology Assurance Company’, with 50-50 capital investment from KR and ICS. It will be fully operational in 2017. KR established a branch office in Tehran in 2010 but sanctions meant that the society suspended most of its services…

15 May 2016

Iranian Tankers Free to Enter International Ports

Restrictions on Iranian tankers’ insurance have been removed and the country’s crude carriers are now allowed to enter any oil terminal in the world, National Iranian Tanker Company (NITC)'s CEO Ali Akbar Safaee said. “With the resolution of insurance problems, international insurance institutes have  expanded their coverage to Iranian vessels, which can now berth at all ports,”he said. “Accordingly, all tankers that are under Iran’s ownership as well as any [foreign] tanker that enters Iran’s ports will not have any problem with regards to the issue of insurance," he added. He explained that in the wake of the removal of the sanctions foreign ships are also now able to dock at the Iranian ports.

06 Apr 2016

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’. The 18th IRANIMEX exhibition, powered by Europort will be held from 18 – 21 October 2016 on the island of Kish.

03 Apr 2016

Iran Seeks $2.5B to Modernize its Oil Tankers

Iran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday. Iran emerged from years of economic isolation after crippling sanctions were lifted in January in return for Tehran complying with steps to curb its nuclear ambitions. Reuters reported last month that two Chinese firms were pushing for multi-billion dollar deals with Iran to modernise its shipping fleet and build a high-speed railway. "To expand Iran's oil tanker activities, $2.5 billion will be invested in it," said Ali Akbar Safaei, managing director of National Iranian Tanker Company (NITC).

22 Jan 2016

Iran Plans Listing NITC to Fund Fleet Modernization

Photo: NIOC

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 country prepares for an aggressive return to the global oil market. 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. Iran has one of the world's biggest tanker fleets, but many of the ships are ageing and require valid insurance…

19 Jan 2016

Green Signal for Iranian Tankers in European Ports

The Mehr News Agency reports that the British Lloyd's Register Group has canceled one sanction against Iran’s oil industry by issuing certificates for commute of Iranian oil tankers to the ports and oil terminals of European Union. The managing director of National Iranian Tanker Company (NITC) Ali Akbar Safaei stated about the official removal of the first sanction on Iran’s oil industry in the field of marine transport of crude oil and petroleum products. “Iranian tankers will now travel under the license of British Lloyds international classification institution,”he said. The company is considering different scenarios for returning to European markets, while it has identified other new markets, he added.

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