IShips Management

Manages Panamanian-flagged tanker Grace 1, conducting transfers of the Iranian oil

Status:Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Risk Level:unknown %

Iships Management with its head office in Singapore represents a ship management with style, finesse and expertise which stands over and above the rest in the international ship management arena;

According to data, Singapore-based shipping services firm iShips Management – Manages Panamanian-flagged tanker Grace 1;

Documents forwarded to Reuters by ship owners say a 300,000-metric-ton-supertanker, the Grace 1, took on fuel oil at Basra, Iraq, between December 10 and 12, 2018. But Basra port loading schedules reviewed by Reuters do not list the Grace 1 as being in port during those dates. One Iraqi industry source with knowledge of the port’s operations confirmed there were no records of the Grace 1 at Basra during this period. Reuters examined data from four ship-tracking information providers — Refinitiv, Kpler, IHS Markit and Vessel Finder — to locate the Grace 1 during that time. All four showed that the Grace 1 had its Automatic Identification System, or transponder, switched off between November 30 and December 14, meaning its location could not be tracked. The Grace 1 then reappeared in waters near Iran’s port of Bandar Assaluyeh, fully loaded, data showed. The cargo was transferred onto two smaller ships in UAE waters in January, from where one ship delivered fuel oil to Singapore in February;

The ship-tracking data analyzed by Reuters showed the Grace 1 emerged from the period when it did not transmit its location almost 500 kilometers south of Iraq. It was close to the Iranian coast with its draft — how deep a vessel sits in water — near maximum, indicating its cargo tanks were filled. The Grace 1 transferred its cargo to two smaller tankers between January 16 and 22 in waters offshore Fujairah in the UAE, data showed;

Also Known As:
IShips Management Pte Ltd

Shipping Industry


1, North Bridge Road #18-06, HIGH STREET CENTRE Singapore – 179094

+65 6333 9365



Reason for the color:
» Iran regime beat U.S. sanctions in order to sell oil in Asia;