Iran has shuffled the web of companies that own its oil tankers in recent months, forming five new firms in Belize while it shut down over a dozen front companies in the Carribean nation.
In April, Oxygen Shipping Limited in Belize acquired the Herby tanker, the most recent change of ownership involving the 78 oil tankers that are flagged to Iran;
In November 2018, the US Department of the Treasury announced sanctions against the NITC and its fleet of tankers as part of Washington’s reimposition of sanctions against Iran;
Herby tanker is being added to OFAC’s SDN List on 11/5/2018:
Herby Tanker (f.k.a. EXPLORER; f.k.a. HODA; f.k.a. HYDRA; f.k.a. PRECIOUS) (T2EH4) Crude Oil Tanker 317,356DWT 163,660GRT Panama flag; Former Vessel Flag Cyprus; alt. Former Vessel Flag Tuvalu; alt. Former Vessel Flag Tanzania; Additional Sanctions Information – Subject to Secondary Sanctions; Vessel Registration Identification IMO 9362059; MMSI 572458210 (vessel) [IRAN] (Linked To: NATIONAL IRANIAN TANKER COMPANY).
NITC is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. It is the biggest tanker company in the Middle East;
Reason for the color:
» National Iranian Tanker Company shuffling front companies for tanker fleet;