Expanded Iran Sanctions Target Energy, Ports, Shipping and Shipbuilding Sectors
(Bloomberg) — Two U.S. senators who pressed for the economic sanctions that have reduced Iran’s crude oil exports and earnings have proposed additional steps to force Iran to curb its suspected nuclear...
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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Reuters: Iran Falsifying AIS Data to Conceal Ship Movements
Malta-flagged Iranian crude oil supertanker “Delvar” is seen anchored off Singapore in this March 1, 2012 file photo. REUTERS/Tim Chong By Jessica Donati and Daniel Fineren LONDON/DUBAI, Dec 6...
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Iran: Not Certifying Our Ships Poses a Serious Threat to International Safety
Image (c) Shutterstock By Jonathan Saul LONDON – Western sanctions imposed over the past months against Iran’s shipping industry will seriously affect international maritime and environmental safety,...
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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...
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Iran Boosts Export Muscle With New Tankers
Malta-flagged Iranian crude oil supertanker “Delvar” is seen anchored off Singapore in this March 1, 2012 file photo. REUTERS/Tim Chong By Jonathan Saul LONDON (Reuters) – Iran has taken delivery of...
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...
View ArticleIran Holds $3 Billion Credit with Turkey, Requests Ships In Lieu of Payment
(Bloomberg) — Iran has a $3 billion credit with Turkey over natural gas it sold to its neighbor and may use it to import commercial and leisure ships, the state-run Fars news agency reported, citing an...
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Archer Daniels Midland Mistakenly Uses Iranian Ship to Transport Grain
Image: Archer Daniels Midland By Jonathan Saul LONDON, March 4 (Reuters) – Archer Daniels Midland Co unwittingly used a vessel controlled by a sanctioned Iranian shipping firm last year to transport...
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U.S. Uncovers Secret Iranian Oil-Shipping Scheme with Greek Frontman [UPDATE]
The MT Ulysses I is one of eight tankers believed to have been bought by Cambis and used to secretly ship Iranian crude to Asia. Photo via MarineTraffic.com By Alister Bull WASHINGTON, March 14...
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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...
View ArticleU.S. Lifts Iran Sanctions on Three Maritime Companies
By Gopal Ratnam (Bloomberg) — The U.S. is lifting sanctions imposed in 2011 on three companies accused of doing business with Iran after they pledged not to pursue such activity in the future, the...
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South Korea Resumes Iranian NGL Imports
By Meeyoung Cho SEOUL, April 15 (Reuters) – South Korea resumed imports from Iran of natural gas liquids in March, customs data showed on Monday, after halting shipments for eight months because of EU...
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Iran Faces Fresh Trade Heat As More Shipping Firms Exit
By Jonathan Saul and Nidhi Verma LONDON/NEW DELHI, May 7 (Reuters) – Foreign container shipping lines are giving up on Iranian business ahead of new U.S. sanctions in July, dealing a further blow to...
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Iran Seen Routing Oil Via Indonesia To Keep Up Exports
A Malta-flagged Iranian supertanker is seen anchored off Singapore in this March 1, 2012 file photo. (c) REUTERS/Tim Chong By Alex Lawler and Jonathan Saul LONDON, May 9 (Reuters) – Iran is using an...
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South Korea Shippers Join Overseas Rivals In Shunning Iran Business
By Meeyoung Cho SEOUL, June 11 (Reuters) – South Korean container shippers are joining a wave of their international peers in giving up on Iranian business ahead of new U.S. sanctions in July, adding...
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COSCO, CSCL Drop Iran Ties As Latest U.S. Sanctions Bite
By Jonathan Saul LONDON, July 1 (Reuters) – Two top Chinese shipping lines severed ties with Iran as tough new U.S. sanctions over the country’s disputed nuclear programme came into effect on Monday,...
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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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