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Several tankers and entities sanctioned
On Dec 3, 2024, the United States announced sanctions on 35 entities and vessels that have been involved in the transport of Iranian petroleum and derivatives to foreign markets. The reasons for this have been cited to be the Iranian attacks on Israel on Oct 1 as well as Iranian announcements of nuclear escalations. The goal of the sanctions has been stated to be hamstringing the Iranian nuclear program, the advancement of their drones and missiles, and their sponsoring of terrorist proxies by cutting off the funding from the sale of oil. A total of 35 entities and vessels have been targeted in this most recent move. 18 tankers have been sanctioned, being alleged to have shipped tens of millions of barrels of oil for Iran. In addition to these vessels, a number of entities that operate and manage these vessels, as well as those that facilitate the sale of Iranian oil, have also been sanctioned. The 'Rioo Napo' and 'Lara II' have been sanctioned as they are owned and managed by India-based Vision Ship Management LLP, which has been sanctioned itself. The RIO NAPO has also carried Iranian Naptha to the UAE in the past. The 'Tonil' has been known to skirt previous sanctions and transport millions of barrels of Iranian oil. The tanker is owned and managed by the sanctioned Ukrainian Lightship Management Ltd. Another sanctioned company, the Indian Tightship Shipping Management (OPC) Private Ltd,, is also known to be involved in the ship’s management.
Enginge breakdown in Indian Ocean
Salvage services were rendered to the "Nave Photon" under LOF 2011 by the Tsavliris Salvage (International) Ltd. after the tanker sustained an engine breakdown and loss of power in the Indian Ocean about May 10, 2018. SCOPIC was not invoked. The tanker arrived at Colombo Roads on May 16 at 03.30 a.m. and sailed on May 18, bound to Singapore, ETA May 24.
Louisiana port loads second supertanker for U.S. crude export
A second supertanker laden with U.S. crude set sail in March from the Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, the company said in a statement. The very large crude carrier (VLCC), Nave Photon, was chartered by Houston-based Shell Trading Company US and the cargo was headed for Asia, according to market sources familiar with the matter and Reuters vessel tracking data. It was not immediately clear which grade of U.S. crude was being exported. A spokesman for LOOP did not immediately respond to a request for comment. Last month, LOOP completed the first VLCC crude oil loading operation at its deepwater port.
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