Post Tagged with: "Grace 1"

Iranian Tanker Sought by US Heading Toward Greece

Iranian Tanker Sought by US Heading Toward Greece

From The Houston Chronicle An Iranian supertanker with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization left Gibraltar and was heading east into the Mediterranean Sea on Monday, with its next destination reported to be Greece. The Iran-flagged Adrian Darya 1, previously named Grace 1, set course for Kalamata, Greece, with an estimated arrival on Aug. 25, according to ship tracking service MarineTraffic. It wasn’t immediately clear why the tanker would be heading there or whether the destination could change. The vessel left Gibraltar late Sunday after having been detained for a month in the British overseas territory for allegedly attempting to breach European Union sanctions on Syria. Gibraltar authorities rejected attempts by the U.S. to seize the oil tanker again, arguing that EU regulations are less strict than U.S. sanctions on Iran. Gibraltar said it had been assured by Iran[Read More…]

Gibraltar Releases Captured Iranian Oil Tanker, US Makes Immediate Request to Seize Vessel

Gibraltar Releases Captured Iranian Oil Tanker, US Makes Immediate Request to Seize Vessel

From CNBC An Iranian oil tanker held in Gibraltar since early July has been officially released by local authorities, although it may not sail if a U.S. application to seize the vessel proves successful. On July 4, Gibraltar authorities with the help of the British Royal Marines, seized the Grace 1 oil tanker following suspicions it was delivering oil to the Syrian regime — a violation of European Union sanctions. Tehran claimed the tanker was not headed to Syria and that the seizure was unlawful. Gibraltar’s Chief Minister Fabian Picardo said in a statement Thursday that he had received written assurance from the Republic of Iran that, if released, Grace 1 would not sail to Syria. Picardo added that there was no longer any “reasonable grounds” to hold the ship as Iran had made “an important material change in the destination of the vessel and the beneficiary of its cargo.”[Read More…]

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

From Reuters The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a difference to canal traffic. President Donald Trump’s administration last week issued an executive order freezing all Venezuelan government assets in the United States. Shortly after, U.S. officials ratcheted up threats against companies that do business with Venezuela. The measure did not explicitly place sanctions on non-U.S. firms linked to Venezuela. But it threatened to freeze the U.S. assets of any person or company determined to have “materially assisted” President Nicolas Maduro’s government. Panama Canal Authority chief Jorge Quijano told reporters that the waterway authorities should not submit to pressure from third countries on the issue of whether or not vessels could use the canal, which connects the Atlantic and Pacific[Read More…]

Iran Says it Expects Tanker Held by U.K. to Be Released Soon

Iran Says it Expects Tanker Held by U.K. to Be Released Soon

From The Houston Chronicle Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East. “Official and unofficial documents have been exchanged to resolve the matter and we hope the problem will be dealt with in the very near future,” Fars cited Jalil Eslami, deputy for maritime affairs at Iran’s Ports and Maritime Organization, as saying. The future of a U.K.-flagged tanker that Iran seized later in the Persian Gulf depends on “the necessary judicial processes,” Eslami added. Iran’s Grace 1 tanker was seized by the Royal Navy on suspicion it was sending crude oil to Syria in violation of European Union sanctions. Tehran denied breaking sanctions and two weeks later impounded the U.K.-flagged Stena Impero[Read More…]

Britain Tells Iran: Release Ship to ‘Come Out of the Dark’

Britain Tells Iran: Release Ship to ‘Come Out of the Dark’

From Reuters Britain told Iran on Monday that if it wants to “come out of the dark” it must follow international rules and release a British-flagged oil tanker seized by its forces in the Gulf. Iranian commandos seized the Stena Impero near the Strait of Hormuz, the world’s most important waterway for oil shipments, on July 19. That was two weeks after British forces captured an Iranian oil tanker near Gibraltar accused of violating sanctions on Syria. “If the Iranians want to come of the dark and be accepted as a responsible member of the intentional community they need to adhere to rules-based system of the international community,” Foreign Secretary Dominic Raab told Sky News. “You cannot go about detaining unlawfully foreign vessels.” Tehran is angered by renewed sanctions imposed by the United States and what it sees as the failure of Britain and European powers to protect it from[Read More…]

Flags of Inconvenience: Noose Tightens Around Iranian Shipping

Flags of Inconvenience: Noose Tightens Around Iranian Shipping

From Reuters Somewhere on its journey from the waters off Iran, around Africa’s southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own. The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines off Gibraltar, raising tensions in the Gulf where Iran detained a UK-flagged ship in retaliation. Grace 1 remains impounded, not because of its flag but because it was suspected of taking oil to Syria in breach of EU sanctions, an allegation that Iran denies. Yet Panama’s move on May 29 to strike it from its register mid-voyage was part of a global squeeze on Iranian shipping. Nations that register vessels under so-called “flags of convenience” allowing them to sail legally have de-listed dozens of tankers owned by Iran in recent[Read More…]

Iran Seizes Two More Tankers as Strait of Hormuz Tension Escalates

Iran Seizes Two More Tankers as Strait of Hormuz Tension Escalates

By Tyler Losier, Energy Reporter, Oil & Gas 360 British and Liberian-flagged vessels seized by Iran, who President Trump calls “nothing but trouble” Iran has seized two oil tankers – one British-flagged and one Liberian-flagged – in the Strait of Hormuz, following through on its threats to retaliate after one of its ships was seized by U.K. authorities off the coast of Gibraltar two weeks ago. According to The Guardian, Iranian Revolutionary Guard forces have taken control of both the British-flagged Stena Impero and the Liberian-flagged, but U.K.-owned, Mesdar. The crews of the two ships are comprised of a wide range of nationalities, but at this time, no one on board is thought to be a British citizen. U.K. Foreign Secre… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password