Oil Cargo News

The Marshall Islands-flagged tanker seized by Iran in the Gulf of Oman on Thursday has been located east of Iran's Qeshm Island, monitoring service TankerTrackers.com said in a post on social media platform X.Iran seized the St Nikolas, loaded with Iraqi crude destined for Turkey, in retaliation for the confiscation last year of the same vessel and its Iranian oil cargo by the United States, Iranian state media reported."The Greek-owned, UK-insured and Marshall Islands-flagged Suezmax tanker ST NIKOLAS...laden with 1 million barrels of Iraqi crude oil…

Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly reduce the cost of shipping in crude oil.The single-point mooring facility at Chattogram port last Sunday offloaded 82,000 tons (about 600,000 barrels) of crude oil from a 100,000-ton tanker, said an official with state-run Bangladesh Petroleum Corp (BPC).The project is majority-funded by the Chinese government and build by a unit of Chinese state oil major CNPC, said the BPC official who declined to be named as he's not authorized to sp

Italian prosecutors have requested a former senior Eni employee, the now chief of a UK oil firm, and others be sent to trial for allegedly defrauding Eni over the attempted sale of an oil cargo to the company, a document from the Milan prosecutor's office shows.Sources previously told Reuters that the 2019 "White Moon" shipment of crude oil, purportedly from Iraq, created panic within Eni over fears it could be, at least partially, Iranian. Eni rejected the cargo, which it has said it bought from Nigerian firm Oando, who in turn bought the oil from the London branch of Italian fuel trading company Napag.Handling Iranian oil would have breached sanctions the United States reimposed in 2018 after quitting a nuclear deal between Iran and world powers.

An oil tanker confiscated by the United States for carrying Iranian oil and diverted to the U.S. Gulf Coast, was headed to the Bahamas on Wednesday under a new name, ship tracking data showed.The tanker Suez Rajan was the subject of attention this year for carrying more than 980,000 barrels of contraband Iranian crude oil, which was confiscated by the U.S. in a sanctions enforcement operation.It was unable to unload the Iranian crude for nearly two and half months over fears of secondary sanctions on vessels used to unload it. It was renamed the St Nikolas after unloading the cargoes.The vessel fully unloaded the Iranian crude this month and the Suez Rajan Ltd company pleaded guilty in April.

A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed.Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston, about 50 miles (80 km) outside of Houston, since May 30, unable to unload because commercial agents fear any vessel that takes it will be shunned by customers.But on Sunday, the Liberia-flagged tanker MR Euphrates was lined up next to Suez Rajan to perform a ship-to-ship transfer and remove the crude oil, according to ship tracking data on Refinitiv Eikon.The U.S. Department of Justice…

Asia Pacific-focused Jadestone Energy, which last month shut down production from its Montara Venture FPSO off Western Australia due to an issue with the FPSO's 4S ballast water tank,is still working to address the defect in the tank.Jadestone Energy said Thursday that since the shutdown, tank 4S has been emptied and cleaned, with an inspection starting on August 8, 2023."The initial inspection has identified the location of a small defect between tank 4S and oil cargo tank 5C…

Iran said the oil cargo of an Iranian-flagged supertanker seized by Indonesia last week does not belong to Tehran, Iranian state media reported on Friday. A statement from Iran's oil ministry did not identify the owner of the cargo of MT Arman 114, an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, which Indonesia's coast guard said on July 11 it had seized. "Published news linking the cargo of this ship to... Iran has no validity, and this is done with the aim of creating a negative atmosphere against our country," Iran's oil ministry statement said, without elaborating. On Thursday the…

Iran's offer to host a maritime event in October has been rejected after a proposal led by the U.S. to rescind the bid was approved in a vote at the UN shipping agency's Council, an agency spokesperson said on Thursday.The move is likely to further raise tensions between Washington and Iran after Tehran tried to seize the Richmond Voyager tanker, which was managed by U.S. oil major Chevron, earlier in July in international Gulf waters.Iran had proposed to host a shipping event in Tehran in late October this year in conjunction with an annual maritime day hosted by the UN's International Maritime Organization (IMO), which was accepted in 2015 by the IMO's executive Council.The U.S.…

Iran would retaliate against any oil company unloading Iranian oil from a seized tanker, the Revolutionary Guards' navy commander Alireza Tangsiri said on Thursday, according to state media. In April, the U.S. confiscated Iranian oil on a tanker at sea in a sanctions enforcement operation, according to a maritime security firm. Tangsiri added that Tehran would hold Washington responsible for allowing the unloading of the tanker's content. Sources familiar with the matter, who declined to be identified due to the sensitivity of the issue, had said Washington took control of the oil cargo aboard the Marshall Islands tanker Suez Rajan after securing an earlier court order. The tanker's last reported position was near southern Africa on April 22, ship tracking data showed. On Monday, the U.S.

Singapore, Asia's oil hub, received a rare fuel oil cargo from Djibouti in the past week, Enterprise Singapore data showed on Thursday, likely the city-state's first ever import from the African country. About 99,678 tonnes of fuel oil that arrived in the week to May 24 came from Djibouti, the data showed. It was not immediately clear who bought or sold the cargo, or whether the cargo was produced in Africa.Ship-tracking firms Kpler, Refinitiv and Vortexa has no record of fuel oil shipped from Djibouti to Singapore. (Reuters - Reporting by Jeslyn Lerh; editing by Jason Neely)

The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.As oil markets remain jittery, the cargo seizure is the latest escalation between Washington and Tehran after years of sanctions pressure by the U.S. over Iran's nuclear program. Iran does not recognise the sanctions, and its oil exports have been rising.Tehran says its nuclear program is for civilian purposes while Washington suspects Iran wants to develop a nuclear bomb.Maritime security company Ambrey said the U.S. confiscation took place at least five days before Iran's action on Thursday.

Venezuela will contract with an Iranian shipyard to build two oil tankers under an existing construction agreement bedeviled by payment delays and difficulties with needed certifications, according to people familiar with the matter and documents.Venezuela’s state-run energy firm PDVSA since last year has redoubled efforts to buy and lease oil tankers to rebuild its own fleet. Its maritime operations have suffered from a long-standing lack of capital and U.S. sanctions that have…

Venezuela's PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company, people familiar with the matter said. Eni and Spanish oil firm Repsol in May last year received authorizations from the U.S. State Department to take the crude to Europe for outstanding Venezuela debt and dividends, an exception to U.S. oil sanctions on Venezuela. The cargo allocations…

Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month. It reinforces measures implemented last year after several buyers skipped out on payments for oil, which provides most of the South American country's income.After taking the helm, Tellechea launched an extensive audit of supply contracts…

An Iranian-flagged tanker on Friday delivered an oil shipment to Syria, which the United States had previously confiscated around Greece, ending months of uncertainty about the cargo, a ship tracker said.The seizure from the Lana, formerly the Pegas, prompted Iranian forces in May to seize two Greek tankers in the Middle East Gulf which were released on Nov. 16. Satellite tracking data showed the Lana had discharged the cargo of around 700,000 barrels in the Syrian port of Banias, said Claire Jungman, chief of staff with U.S. advocacy group United Against Nuclear Iran (UANI), which monitors Iran-related tanker traffic through ship and…

Britain's maritime agency said a drone circled a ship in the Gulf of Oman on Friday, three days after an Iranian-made drone attacked a tanker in the region.The Maritime Trade Operations (UKMTO), which is part of the Royal Navy, said the incident took place about 50 miles southwest of Muscat. The vessel and crew were reported to be safe. It did not specify what kind of vessel was involved.The U.S.

An Iranian-flagged tanker anchored off Piraeus port is expected this week to retrieve part of its cargo which was confiscated by the United States and sail back to Iran, following a Greek top court ruling, government sources said on Wednesday. The case has strained relations between Athens and Tehran amid growing tensions between Iran and the United States.The removal of oil from the Lana, formerly Pegas, prompted Iranian forces to seize two Greek tankers in the Middle East Gulf which have not yet been released. "The (Greek) Supreme Court's ruling...

A tanker was hit by a projectile off the coast of Oman on Tuesday, causing minor damage to the hull with no injuries or spillage of the gas oil cargo, Eastern Pacific Shipping, which manages tanker Pacific Zircon, said on Wednesday. The Singapore-based firm, which is controlled by Israeli billionaire Idan Ofer, said it was investigating the incident which took place approximately 150 miles off the coast of Oman. "All crew are safe and accounted for," it said. "Preliminary reports indicate the vessel...was hit by a projectile," Eastern Pacific Shipping said. "There is some minor damage to the vessel's hull but no spillage of cargo or water ingress." The U.S. Navy's Fifth Fleet earlier told Reuters it is aware of an incident in the Gulf of Oman involving a commercial vessel.

An attack on a tanker off the coast of Oman on Tuesday was carried out by an Iranian-made drone, U.S. Central Command said in a statement, adding that a multilateral maritime operation led by a British Royal Navy frigate had responded to the area.An Israeli official had blamed Iran for the strike on the Pacific Zircon tanker managed by Israeli-controlled Eastern Pacific Shipping. The company said there was minor damage to the hull but no injuries or spillage of the gas oil cargo.A White House official earlier said the United States was "confident that Iran likely conducted" the hit using an unmanned aerial vehicle. Iran's Nournews, which is affiliated with the country's top security body, blamed Israel for the attack.U.S.

A tanker carrying Russian fuel oil arrived in Cuba on Thursday, bringing supplies for the Caribbean nation's sputtering power plants and giving Russia an outlet for products shunned by the West.The United States and Canada have imposed sanctions on Russian oil and fuel over its invasion of Ukraine, while Europe and the United Kingdom are moving toward an end-of-year embargo on Russian crude imports.The Liberia-flagged Aframax tanker Suvorovsky Prospect arrived in Cuba's Matanzas port carrying about 700,000 barrels of fuel oil, loaded at Russia's Ust-Luga port. The cargo is worth some $70 million at market prices.The vessel is owned by a unit of top Russian shipping conglomerate Sovcomflot, according to maritime database Equasis. Sovcomflot is under British, Canadian and U.S.

Marine fuel sales in Singapore surged to a one-year high in October, latest official data showed on Monday, as more competitive prices attracted ships to refuel at the world's top bunkering hub. October bunker sales totaled 4.25 million tonnes, climbing 7% from September, while vessel arrivals for bunkering at Singapore rose 9% month-on-month at 3,431 vessel calls, data from Singapore's Maritime and Port Authority showed. Prices for ship refueling were lower in Singapore in October, compared with other regional bunkering ports such as Zhoushan and South Korea, bunker fuel traders said.

An Iranian-flagged tanker has retrieved an oil cargo which the United States had confiscated and is set to leave Greece, sources familiar with the matter said on Monday. The seizure from the Lana, formerly the Pegas, prompted Iranian forces in May to seize two Greek tankers in the Middle East Gulf, which have not yet been released. The United States had hired a tanker in April to impound the oil onboard the Lana tanker, which had been anchored off Greece. The oil was then partly removed and placed aboard the Ice Energy tanker, which had been chartered by Washington and had been expected to sail to United States before Greece's supreme court ruled that the cargo should be returned to Iran. "The reloading process is complete," one of the sources said.

Iran has agreed to release the crews of two Greek tankers it seized in May in response to the confiscation of oil by the United States from an Iranian-flagged tanker in Greece, a Greek seafarers union said.The months-long diplomatic impasse has strained relations between Athens and Tehran as tensions grow between Iran and the United States.The crews will be replaced, allowing their return to their countries of origin soon, the PENEN union for seafarers on commercial ships said on its website on Sunday. It was not clear whether the two Greek tankers, the MT Prudent Warrior and Delta Poseidon, would be released, it said.On Monday, the Greek shipping minister confirmed that one Delta Poseidon crew member was returning to Greece."A Greek sailor from the vessel Delta Poseidon…