Operation Sentinel will escort flagged vessels of participating nations in coordination with European, Asian and Middle Eastern allies. U.S. Sanctions Irans IRGC for Hostage-Taking, Timeline: Assassinations of Iranian Clerics, U.S., British & E.U. TehranusedaMaltesefront company to disguise theTours ownership and hide its connection to the Iranian government. The United States granted temporary six-month waivers to a few countriesChina, India, South Korea, Turkey, Taiwan, Malaysia, South Africa, Singapore and Sri Lankathat had long depended on Iranian energy. Many of these companies terminated contracts with the NITC after the Trump administration reinstated sanctions on Irans shipping industry in November 2018. St Kitts and Nevis deflags 36 tankers owned by biggest dark fleet owner TheSabitiwas reportedly60 miles from the Saudi port of Jeddah when it was hit. According to various reports, the Iran-based shipping companys primary rivals like Japans Nippon Yusen Kaisha, Mitsui O.S.K. The tactic was used to confuse tracking systems and conceal the vessels destination. The ship was tracked off the coast of Tartus, Syria. NITC will operate 50 VLCCs at that time, up from 28 in 2010. Irans seizure of a Chinese-owned oil tanker in the Gulf of Oman on Thursday signals that even Tehrans closest allies are subject to its malign behavior, experts told the Washington Free Beacon. 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). 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. This page was last updated at 2023-04-18 08:32 UTC. Iranian company to build 113,000-ton oil tanker for NITC | Hellenic Shipping News Worldwide Got it This website uses cookies to ensure you get the best experience on our website. [3], As at 2010, the company operated 28 Very Large Crude Carriers (VLCC), nine Suezmax and five Aframax tankers. April 27, 2023. Saheb Sadeghi, the NITC head of public relations, said that the missiles were possibly fired from Saudi territory. 13599 for meeting the definition of the term Government of Iran", Status:Top Alert Entity designated / sanctioned for terror, WMD and human rights violation. Jan. 28, 2016 TEHRAN Until 2012, the leaders of the National Iranian Tanker Company relished their work, playing cat and mouse with the Western authorities as they tried to keep a portion. , Panamanian corporate documents reveal that these firms are all run by Iranians with addresses in Tehran. Sanctions for Rights Abuses, Irans Deepening Strategic Alliance with Russia, Explainer: Irans Strategic Pivot to the East, U.S. Report: Sexual, Gender-Based Violence in Iran, Timeline: U.S. Sanctions & Iran's Drones to Russia, Sanctions 6: U.S. Sanctions Many Iran Proxies, U.S. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. Iranusedmultipledeceptivetacticsto cover the tracks ofthe Tour 2, whichdiscreetlyshippedoil to the Assad regime in Syria. transponders when crossing the Suez Canal to hide their positions before they offloaded cargo in Syria and Turkey, The New York Times reported. May harm your business future. It also owns three chemical vessels and a liquefied petroleum gas (LPG) carrier. On August 5, Britain formally said it would join the United States in a new international maritime security mission to protect shipping in the Persian Gulf. In May 2018, when the Trump administration re-imposed sanctions against Iran after the US withdrawal from the JCPOA, China shifted its petroleum cargo to ships owned by the NITC to maintain or even increase its imports from Iran. Financial Data. Dynamic search and list-building capabilities.