Nasrollah Sardashti, commercial director at National Iranian Tanker Company (NITC), is quoted by Reuters today, saying: . Iran fields one of the largest tanker fleets in the Middle East, with NITC, formerly called the National Iranian Tanker Company, owning at least 40 oil tankers, collectively worth billions. << 1 >>. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. Satellite imagery and GPS data have confirmed that the Maximo Gorki, Venezuela's only supertanker, conducted a ship-to-ship transfer with a National Iranian Tanker Company (NITC) tanker in March. The tanker, owned by National Iranian Oil Company, had suffered heavy damage and was leaking oil into the Red Sea some 60 miles from Jeddah, unnamed sources told Iran's Students News Agency ISNA. Share this. TOP 30 TANKER COMPANIES The managed fleet list shows 55 vessels, although charters increase that figure considerably. Managing director of the National Iranian Tanker Company (NITC) says Iranian tanker ships will soon return to the European markets once anti-Iran… Continue July 22, 2015. The National Iranian Tanker Company . [1] That's quite an act of prestidigitation, given that Iran fields one of the world's biggest tanker fleets, owned by an Iranian company called NITC -- formerly the National Iranian Tanker . It owns 19 VLCCs, including 15 single hulled ones. The list of Technology abbreviations in Tanker. The National Iranian Oil Co was also slashing prices. National Iranian Tanker Company, which has a fleet with . Oman Shipping Company: chemical tanker: Chevron Shipping Company (Chevron) op National Iranian Tanker Company: Know all about National Iranian Tanker Company company. The NITC fleet left Korea, BV, DNV, and Lloyd's Register classes for China Classification, the Polish Register of Shipping and RINA from September through to November, according to Lloyd's List Intelligence. More On This Topic 'There is still hope': One body found, 31 still missing after oil . For instance it is thought that Iran's exports are declining below the 2.06 million bpd it was doing in August. Fleet in Service Support; Ballast Water Treatment System Retrofit; Scrubber Retrofit; FDD ACQUISITION SERVICES; PROJECTS. Iran seeks to add 7 VLCCs to fleet Transport. NEW DELHI/SINGAPORE (Reuters) - 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. Iran's biggest tanker operator, NITC, has $1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic's oil . The National Iranian Tanker Company owns 15 . Iran's state-owned National Iranian Tanker Company operates 38 VLCCs, making it the second-largest operator of such supertankers, the biggest being Saudi Arabia's Bahri. The government-owned Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC) appear prominently, along with their vessels and subsidiaries. Although all the tankers are double hull. An official in Iran's Oil Ministry, who spoke to The Associated Press on condition of . List page number 5 The owner of the tanker is the National Iranian Tanker Company, which says it has the largest tanker fleet in the Middle East. An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia's coast on Friday, Iranian media said, an incident that if confirmed will stoke tension in a region rattled by attacks on tankers and oil sites since May. Iran readies tanker fleet as pressure to lift sanctions builds Iran's National Iranian Oil Tanker Company has announced plans to build a dual-fuel aframax in a domestic shipyard. The Treasury Department is also identifying today the National Iranian Tanker Company (NITC) as a Government of Iran entity and, for the first time, the NITC fleet and various front companies belonging to NITC. Comment; Resilience; Money . If the deal materialises it will be the first order placed by NITC in over a decade 15 Mar 2022 Analysis Richard Meade @Lloydslisted richard.meade@informa.com Treasury also, for the first time, identified the National Iranian Tanker Company (NITC) as a government-controlled entity and its fleet and various . Owji: Iran Welcomes Local, Int'l Investors to Participate in its Oil Industry1401/2/23 جمعه. Ranking as the fourth largest tanker company in the world, with a fleet of 42 super tankers, the NITC is one of the world's foremost oil shipping lines. Currently, NITC's web site lists a fleet of 39 tankers, which it uses to carry Iranian oil, and also charters out on the international market. Tehran Times - Managing Director of National Iranian Tanker Company (NITC) said renovation of the tanker fleet is a priority and the… Continue July 1, 2019. . [2] It is the biggest tanker company in the Middle East. Economic pressure can compel Tehran to moderate its destructive behavior and end its pursuit of nuclear weapons. Iran is running short of options to replace its aging fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.. A further 10 were built in 2000. The National Iranian Tanker Company (NITC) is a subsidiary of the National Iranian Oil Company. Iran signs tanker tech deal with Tru Marine The National Iranian Tanker Company (NITC) and Singaporean Tru Marine recently signed an agreement. Although all the tankers are double hull and comply with international regulations, they are getting old as the life of a trading VLCC is 15-17 years. Treasury also, for the first time, identified the National Iranian Tanker Company (NITC) as a government-controlled entity and its fleet and various . cFlow shows at least 17 NITC tankers that have updated their locations November 15. Chief Editor of Iran petroleum at oil ministry. NITC serves Iran not only as a vehicle for moving. Get National Iranian Tanker Company contact details such as address, phone number, website, latest news and more at Arabian Business. China switched to using Iranian tankers as a way to sidestep sanctions, Reuters reported. . TEHRAN - National Iranian Tanker Company (NITC) has awarded the project for building a 113,000-ton oil tanker to a high-level domestic company, the company's managing director announced.According to Hossein Shiva, NITC has awarded the construction of the mentioned vessel to Iran Shipbuilding and Offshore Industries Complex (ISOICO) and the official deal on this due will be signed soon . The company's fleet of 166 tankers, including 30 VLCC tankers, collectively carry 15.9 million DWT. Vela International Marine Ltd, a subsidiary of Saudi Aramco, has the biggest oil company fleet. Established in 1955, the National Iranian Tanker Company (NITC) transports Iranian crude oil for export and stockpiles oil in floating storage units. NITC has a huge project for replacing tankers, including the construction and purchase of 25 tankers with a total capacity of 6 million tons. National Iranian Tanker Co. (NITC), the largest Middle . Dale Stagg/Shutterstock.com. Iranian tanker Sanchi, which sank in the East China Sea on January 14, 2018, has been included in the new comprehensive list of over 700 sanctioned individuals, entities, aircraft and vessels designated by the United States.. The National Iranian Tanker Co., the country's top oil-shipping company, is tinkering with plans to list some of its shares in domestic and international markets, the chief executive said. Not all of the NITC fleet appears to be hiding its location. September 29, 2020 - 15:21. At least 25 tankers owned by Iran's National Iranian Tanker Company have not posted any update of their position by satellite using the Automatic Identification System (AIS) since November 10, according to S&P Global Platts trade flow software cFlow. In another shocking exposé from 2012, Reuters claimed that Vitol had bought and sold Iranian fuel oil, bypassing an EU embargo against Tehran. The Sabiti was hit in the morning about 60 miles (96 km) from the Saudi port of Jeddah, Iranian media reported. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. Iran Oil Show Kicks off with 1244 Exhibitors. Iran Tanker Tracking. In Iran's tanker fleet, 11 VLCCs and Suexmaxes were built in 1999 or earlier, according to the Equasis shipping database. more. It is a subsidiary of the NIOC. On Monday, the Trump administration announced new sanctions on Iran's state-owned oil and shipping companies, doubling down on its . . Published Oct 26, 2020 8:22 PM by The Maritime Executive. In Iran's tanker fleet, 11 VLCCs and Suexmaxes were built in 1999 or earlier, according to the Equasis shipping database. The sources, who are familiar with operations at Iran's main export terminal Kharg Island in the north of the Gulf, said 14 of National Iranian Tanker Company's (NITC) fleet of 25 very large . But the NITC fleet largely sat idle for much of the past decade in between the occasional illicit sanctions-busting trade. Two separate explosions, possibly caused by missile attacks, have hit an Iranian oil tanker operated by the National Iranian Tanker Company (NITC) near the . Iran Press TV. Since U.S. President Donald Trump reimposed sanctions in November . The Iranian oil tanker Helm has suffered a mechanical casualty in the Red Sea off the coast of Yanbu, Saudi Arabia, according to the National Iranian Tanker Company (NITC).. The National Iranian Oil Company (NIOC; Persian: شرکت ملّی نفت ایران, romanized: Sherkat-e Melli-ye Naft-e Īrān) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran.NIOC was established in 1948 and restructured under The Consortium Agreement of 1954. In addition, the Treasury Department is also identifying 20 Iranian financial institutions for inclusion on its List of Specially . Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers have stalled . It is the biggest tanker company in the Middle East. In the lead-up to the sanctions Iran is seeking to profit and work with its customers. Revenue: $458.849 million Market Cap: $810.08 million Assets: $3.7 billion Number of employees: 50 Headquarters: Hamilton, Bermuda SFL Corporation Ltd is one of the largest oil tanker companies in the world with a fleet of approximately 84 vessels such as crude oil tankers, bulk carriers and ore carriers, bulk carriers and container ships. "Free trade is Iran's right and we just need to make more efforts for strengthening the national fleet," Nasrollah Sardashti . . The U.S. Treasury identified Noor Energy, Petro Suisse, Petro Energy and Hong Kong Intertrade as front companies for the National Iranian Oil Company (NIOC) and other blacklisted Iranian entities. plate 160/malek aley/darvar village/damghan city/semnan province/iran . China is the biggest importer of Iranian oil so far in 2019, at 334,000 bpd, down from 618,000 bpd in 2018, LLI data shows. The state tanker company aims to invest about $910 million in its Very Large Crude Carriers fleet. Today's new sanctions came in two parts: 1) placing sanctions on 15 entities or individuals involved in supporting Iran's nuclear and ballistic missile programs and 2) publicly sanctioning over 25 companies and individuals as Specially Designated Nationals (SDN) who have repeatedly acted to circumvent current sanctions on the Iranian regime. The oil tanker collided with a bulk freighter and caught fire off China's eastern coast, leaving its entire crew of 32 missing, most of them Iranians, authorities said. "We don't have any plan to expand the size but we do have the plan for. NITC Has Biggest Supertanker Fleet In The World Iran has in its possession 42 very large crude carriers ( VLCCs) with each caving a carrying capacity of 2 million oil barrels, according to the National Iranian Tanker Company (NITC). Tehran said a supertanker called Sabiti, owned by The National Iran Oil Company, was struck by two missiles 60 . DUBAI: Two separate explosions hit an Iranian oil tanker on Friday, which set the ship on fire, Iran's ISNA news agency has reported. NITC says it has a fleet of 69 tankers, 66 of which are crude carriers, with a total of 15.5 million deadweight tonnage (DWT). Using Automatic Identification System (AIS), satellite imagery, vessel comparison and tanker classification, and cargo datasets to uncover all under-the-radar ship-to-ship (STS) transfers and exports of Iranian oil and gas condensates, we generate what we contend are the most accurate figures available. NITC recently made an announcement that its navy currently has a total of 42 super-tanker vessels with VLCCs. The U.S. Treasury identified Noor Energy, Petro Suisse, Petro Energy and Hong Kong Intertrade as front companies for the National Iranian Oil Company (NIOC) and other blacklisted Iranian entities. The Sanchi, manned by 32 mariners, sank after colliding with CF Crystal on January 6, claiming the lives of its entire crew. * NITC fleet seen vital channel for Iran oil exports * Sanctions hurting Iran's economy By Jonathan Saul LONDON, March 18 (Reuters) - Iran's NITC has replaced HamidBehbahani, a former minister and ally of President MahmoudAhmadinejad, as head of the state tanker company, Mehr newsagency reported, just over a year after he was appointed. With more than 60 years of offshore activity, the National Iranian Tanker Company (NITC) is one of the biggest tanker companies in the world with 69 . National Iranian Tanker Company: LPG, product tankers: . Read More [+] Iran targets tanker company listing to fund fleet modernization Iran plans to list its national tanker company to raise badly needed cash to upgrade its massive fleet and replace. NIOC is owned by the government of Iran and is the world's second-largest oil company by volume produced, after the Saudi Arabian Oil Co. NITC, a former subsidiary of NIOC that was privatized 12. Fri Oct 11, 2019 05:32AM. The state tanker company aims to invest about $910 million in its Very Large Crude Carriers fleet. Nasrollah Sardashti, the commercial director of the National Iranian Tanker Company (NITC), said his company was in talks with all leading insurance and classification firms, including Lloyds, DNV GL and Bureau Veritas." (Reuters, "Iran targets tanker company listing to fund fleet modernization," 1/22/2016)-- After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of . CPI dan YCAB mendukung Kementerian Kesehatan; kerja sama dengan kami Membangun kapasitas dan kapabilitas Membangun kapasitas dan kapabilitas. As of 2019, NITC had a fleet of at least 54 tankers, including 38 Very Large Crude Carriers and eight Suezmaxes. . The Treasury Department is also identifying today the National Iranian Tanker Company (NITC) as a Government of Iran entity and, for the first time, the NITC fleet and various front companies belonging to NITC. An Iranian oil tanker has been hit by two explosions off the coast of Saudi Arabia. The National Iranian Tanker Co. describes itself as operating the largest tanker fleet in the Middle East. The Maximo Gorki offloaded . Comment; Resilience; Money; In 2009, Iran and South Korea's Daewoo signed a $128-million contract on tanker supply with a capacity to carry 2.1 million barrels of crude. Pre-sanctions, the NITC operated on revenues of around $1.5 billion. According to the club's website, Kish P&I Club offers between $500,000and $1 billion of cover, with reinsurance covered by a consortium of Iranianinsurers headed by Central Insurance of Iran, which was established in 1971by an act of parliament. In addition, the Treasury Department is also identifying 20 Iranian financial institutions for inclusion on its List of Specially . The Treasury Department is also identifying today the National Iranian Tanker Company (NITC) as a Government of Iran entity and, for the first time, the NITC fleet and various front companies belonging to NITC. Latest News. By Charles Kennedy - May 18, 2022, 4:30 PM CDT. A further 10 were built in 2000. The National Iranian Tanker Co. describes itself as operating the largest tanker fleet in the Middle East. Crude and natural gas exports historically account for 25% of government revenues: it is therefore important to accurately track Iran's oil exports to interpret if sanctions are effectively stopping the flow . NITC's fleet will now include 26 VLCCs, nine Suezmaxes andfive Aframaxes. In the last decade, 90% of Iranian imports were were loaded in Dubai by NITC tankers and delivered at Iran's Shahid Rajaei Port," he said, adding that at present, 80% of cargos from Europe . TEHRAN - The Head of National Iranian Tanker Company (NITC) said that free trade is Iran's right and no power can intervene in the country's exports and imports, IRNA reported on Tuesday. LONDON/DUBAI (Reuters) - Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said. The Iranian vessel transferred two million barrels of condensate to the Venezuelan vessel off the coast of the Maldives. 75. The National Iranian Tanker Company ( NITC, Persian: شرکت ملی نفتکش ایران, Shirkat-e Mili-ye Nuftekâshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. The Treasury today listed 58 vessels that it said belong to the Iranian tanker company — some of which have been reflagged in other countries — and 27 entities affiliated with the tanker company in. The state-owned enterprise says it has ordered 16 other oil tankers that will join its current fleet of 45 . 2022-05-13 Owji: Iran Welcomes Local, Int'l Investors to Participate in its Oil Industry. More. NITC has a fleet of 69 tankers with a total of 15.5m dwt. . Based on the Iranian Minister of Cooperatives, Labor and Social Welfare, the cargos of crude oil and oil goods by the freighter of the National Iranian Tanker Company (NITC) have registered a . Headquartered in Tehran, NITC ranks as the world's fourth largest operator of very . Iran's main tanker fleet is owned by a company called NITC, formerly the National Iranian Tanker Company. According to the article, Vitol bought 2 million barrels using a ship-to-ship transfer off the coast of Malaysia from a National Iranian Tanker Company vessel and sold it to Chinese traders. Bank of Kunlun, a subsidiary of China National Petroleum Corporation, has in recent months employed a fleet of tankers in an apparent bid to move oil from Iran to China, according to one person . 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. Callan Marine's newest fleet asset, the 28" cutter suction dredge (CSD) General Bradley, was christened in Morgan City, La . National Iranian Tanker Co. (NITC), the largest Middle Eastern oil tanker company responsible for transporting Iranian oil to its major export markets, has 40 VLCCs and is capable of carrying 14.4 . In the managed fleet are 10 VLCCs, seven Suezmaxes, 18 Aframaxes, two LR1s, 16 NIOC ranks as the world's second largest oil . November 6, 2018 - American sanctions on Iran took full effect once more on Monday, and the U.S. Treasury Department has published a new list of blacklisted Iranian entities. Close Search for: Search KSA Women Excellence Awards; Talks; Opinion. . The 320,000 dwt VLCC . . (Reuters) -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 . When Iran's crude oil exports were initially sanctioned in 2012, its tanker fleet operating under the National Iranian Tanker Co banner had a similarly respected reputation in the market. Close Search for: Search Indian Power List 2022; In Focus; Opinion. The vessel is owned by Iran's state-owned National Iranian . National Iranian Tanker Co (NITC) (9.7 mill dwt, plus at least three VLCCs, chemical . The move comes as Iran oil shipments have fallen by almost 730,000 b/d since May, when the US withdrew from the Iran nuclear deal. The National Iranian Tanker Company(NITC, Persian: شرکت ملی نفتکش ایران, Shirkat-e Mili-ye Nuftekâshi-ye Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009.
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