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Maersk Line Pulls Plug on Iran Port Calls
Maersk Line ship Maersk Line, the world’s largest container shipping company by volume, has ended port calls to Iran saying that the company’s limited business in the sanctioned country does not...
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Some Iranian Tankers Are Now Squawking Tanzanian Codes, Despite Sanctions
MV Oceanic, image via Fleetmon LONDON–Some Iranian tankers have been detected with a Tanzanian identification even though the East African nation has denied flagging them, as Tehran becomes more adept...
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US and EU Look to Plug Loopholes in Iran Shipping Sanctions
An N.I.T.C. tanker like this would be tough to hide. LONDON–The U.S. and the European Union are looking to close loopholes in sanctions designed to impede Iran’s oil exports after it emerged that...
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Iranian Tankers are Flying Tanzania-Zanzibar Flag, Officials Report “This...
(Bloomberg) — Iranian oil tankers are mistakenly signaling their flag state as Tanzania-Zanzibar and no such registration took place, according to a government official from the east African nation....
View ArticleIran Playing a Complex Game of Flag State Cat-and-Mouse
LONDON–Iran is playing a complex game of cat-and-mouse as it tries to assist its ally Syria while avoiding tighter international sanctions on its oil trade. The Islamic Republic is switching ownership...
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Tanzanian-Flagged Tanker Operated by NITC Gets Quarantined Off Greek Island
Image (c) Shutterstock/ruskpp (Bloomberg) — Sekavin SA, a Greek fuel supplier, said it’s investigating the origin of a cargo aboard an Iranian tanker off the Mediterranean island of Syros, amid a...
View ArticleIran Tanker Safety Risks Rise as Ship Classifiers Get Forced Out
By Jonathan Saul LONDON, Dec 5 (Reuters) – Western pressure that forced foreign ship classifiers out of Iran has increased safety risks, including the danger of an Iranian vessel spilling oil on...
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Total Says Buying Iranian Crude Via Korean JV Complies With Law
By Geraldine Amiel PARIS–French integrated oil and gas major Total SA (TOT, FP.FR) Monday confirmed that Samsung Total Petrochemicals, its joint venture with South Korea’s Samsung Group, has resumed...
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Fear, Threats And Bad Food: Life Aboard A Sanctions-Hit Iranian Ship
Harpreet Singh, a 25-year-old sailor who worked as a helmsman on the MV Amina, poses for a picture at his home in Navi Mumbai January 25, 2013. Picture taken January 25, 2013. REUTERS/Vivek Prakash By...
View ArticleIran Stands to Lose Billions as India is Forced to Cut Crude Imports
(Bloomberg) — Iran, which dropped two places to become India’s fourth-largest crude supplier last year, may lose $2.5 billion of revenue as global sanctions prompt the South Asian nation to reduce...
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Iran Said To Deploy Ageing Foreign Tankers to Avoid Sanctions
Leycothea, formerly M/T Ural. Image (c) Owen Foley By Jonathan Saul LONDON (Reuters) – Iran is using old tankers, saved from the scrapyard by foreign middlemen, to ship out oil to China in ways that...
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Political Pressure Forces India’s Mercator Lines to Halt Shipments of Iranian...
By Nidhi Verma NEW DELHI (Reuters) – India’s Mercator Lines has stopped offering a ship for transporting Iranian oil to India due to U.S. political pressure, industry and shipping sources said, adding...
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Iran’s NITC Replaces Tanker Boss
NITC tanker file photo By Jonathan Saul LONDON, March 18 (Reuters) – Iran’s NITC has replaced Hamid Behbahani, a former minister and ally of President Mahmoud Ahmadinejad, as head of the state tanker...
View ArticleChina VLCC Seen at Iran Port for First Time Since EU Ban
By Isaac Arnsdorf and Jasmine Wang March 27 (Bloomberg) — A Chinese supertanker able to haul 2 million barrels of crude sent a signal from Iran’s largest export terminal in what may be the first visit...
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Chinese Supertanker Loads in Iran, Insurance Coverage Likely Nullified
M/T Yuan Yang Hu, image (c) mgklingsick@aol.com By Chen Aizhu BEIJING, April 2 (Reuters) – A Chinese tanker loaded crude in Iran in March, according to shipping data and an industry official, the...
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Anchored Fleet of Iranian Tankers Could Hold 25 Million Barrels of Embargoed...
Malta-flagged Iranian crude oil supertanker “Delvar”(c) REUTERS/Tim Chong By Jonathan Saul LONDON, April 24 (Reuters) – Iran is storing millions of barrels of oil on tankers in its territorial waters...
View ArticleIran Storing 30 Million Barrels of Crude in 14 VLCC’s, Gibson Says
By Isaac Arnsdorf May 31 (Bloomberg) — Iran is storing 30 million barrels of crude at sea as sanctions hinder exports and projects that would allow it to build onshore facilities to hold oil, according...
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South Korea to Cut Imports of Iranian Crude
By Meeyoung Cho SEOUL, June 24 (Reuters) – South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the next six months to secure its next waiver to U.S....
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U.S. Energy Secretary: Market Can Handle Further Cuts to Iranian Oil Exports
U.S. Secretary of Energy Ernest Moniz gestures during an interview with Reuters in Vienna June 30, 2013. REUTERS/Leonhard Foeger By Fredrik Dahl VIENNA, June 30 (Reuters) – The top U.S. energy...
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Iranian Supertanker Fleet Seen Expanding Fleet Amid Sanctions
M/T Seeb, a NITC-owned VLCC Aug. 8 (Bloomberg) — NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions related to the nation’s...
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