30.9.14

Sx months under an interim nuclear deal, sanctions regime remains strong







The International Energy Agency, an independent group that analyzes energy markets for Western governments, estimates that Iran averaged about 1.1 million bpd of crude oil from February to June, which is in the range of the administration’s “around a million barrels per day.”   After six months under an interim nuclear deal, the sanctions regime remains strong and negotiations toward a final deal remain in progress. There are challenges for the P5+1 to face moving forward, but on balance the JPA has succeeded in preserving the leverage that sanctions provide while creating the political space for serious negotiations.

[June 1 Iran's crude oil exports increased in May: violation of the Joint Plan of Action ?]
Iran's crude oil exports increased in May after a decline in April, according to sources who track tanker movements, moving above the level allowed by November's interim deal on curbing Tehran's nuclear programme.

"More Iranian crude appears to be finding its way into markets in violation of the Joint Plan of Act;ion despite the Obama administration's commitment to Congress that it would keep a tight control over the oil lifeblood of the Iranian economy," said Mark Dubowitz, of U.S.-based independent think-tank Foundation for Defense of Democracies.

"If this continues, it would be a clear violation of Iran's obligations under the JPOA, which binds Tehran to both nuclear and sanctions-related commitments."

There is no generally accepted figure for the oil exports of many producers, including Iran. Information takes time to filter out from opaque oil and shipping markets. Consumer countries, meanwhile, detail imports with a time lag or not at all.

[April 9]
The tanker market is still waiting for Iran's crude export cargoes to start flowing in the international scene at levels enough to make a difference, in terms of freight rates  
The National Iranian Tanker Company (NITC) said in January it is resuming crude oil delivery to Asian buyers in its own vessels as sanctions ease following the implementation of Iran’s nuclear deal with world powers. At the beginning of April 2014, half of the NITC VLCC fleet was either on its way to China or on the ballast voyage back to Iran. This includes two units, moving under new names, which had previously been storing in the Middle East and Gulf since the 3rd quarter last year. Two VLCCs are currently heading to Ulsan, with another three returning to Kharg Island.   
Iran’s January oil shipments to the Indian customer were 31 percent higher year on year. One VLCC and one Aframax both ballasting from India to the Gulf.  NITC movements into the Mediterranean reveal Suezmaxes to Turkey and an Aframax heading back to Iran from Syria. It should also be considered that the NITC fleet grew by 33% between September 2012 and July last year which has had a significant impact on Iran’s ability to export crude. 

Oiltanking Partners LP (NYSE:OILT) is a $3.17 billion market cap oil and gas midstream company engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. Since the beginning of the year, several insiders have been buying its stock, which has already escalated more than 22%. Since  Oct. 2013, the price has risen 39%.

[February 15]
The rate for the benchmark Ras Tanura-Chiba route averaged Worldscale 63.5 or $46,107/day, while the Arabian Gulf-Singapore rate gained 1.8 points to W64.5. Reported fixtures show Singapore Petroleum Company agreed W67.5 to secure Dynacom's Boston as a replacement for Overseas Kilimanjaro, while Indian oil company Reliance agreed W72.5 for Overseas Equatorial. Brokers describe the market sentiment as steady to firm, after rates slidFerbruary 7 due to the Lunar New Year holidays in China.

Fixtures have been centered around late February and early March in the Arabian Gulf." Last month average earnings reached $61,630 a day their highest level since Feb 2010 before a rally lost steam. As refineries head into maintenance in Q2 rates may to move into more subdued territory although clearly recent months have highlighted the potential for upside. VLCC rates from the Gulf to the United States were at W33.08 on February 11 versus W31.12 on February 10 and W30.46 last February 4.

In contrast, Black Sea and Mediterranean crude tanker rates continued to weaken after rallying last month to their highest since 2008 as weather related disruptions in the Turkish Straits raised the cost of transporting cargoes. Rates for suezmax tankers on the Black Sea to Med route fell to W62.92 or $6,439 a day. That compared with W65.40 or $8,956 a day on February 10 and W79.56 or $21,792 a day February 4.

[December 2 2013]

Rates for VLCCs exceeded $50,000 in November, primarily on seasonal demand and strong exports from the Middle East, and December bookings indicate rates can be sustained over the short term.

 
[November 14]

  Rates for the largest oil-tankers surged as Chinese freight traders led an acceleration in Asian demand for the ships to load Middle East crude, sapping a fleet surplus that made the carriers unprofitable almost all year. A very large crude carrier built 16 years ago was hired today at about 13 percent more than yesterday’s prevailing prices, according to Dynacom Tankers Management Ltd., an Athens-based owner. There hasn’t been a bigger one-day gain in 2013, according to data from the Baltic Exchange, a London-based publisher of freight costs on more than 50 trade routes. Rising demand has cut a capacity surplus to the smallest since June 4, according to weekly surveys by Bloomberg News. Increased bookings by Chinese buyers depleted the excess in the largest loading region, according to Halvor Ellefsen, a shipbroker at Galbraith’s Ltd. in London. VLCCs earned $5,598 a day on average this year, less than they need to cover running costs including crew and repairs, Baltic Exchange data show.hina, India, Japan and South Korea bought about 972,600 bpd of Iranian oil in the first half of 2013, down from the 1.235mn bpd in the same period last year.China plans to cut imports from Iran by 5%-10% in 2013 from 2012, meaning that it will have to slow purchases more in the second half to meet even the lower end of its stated goal.While sourcing oil from different suppliers and ensuring sufficient volumes may present Chinese refiners with a challenge, so far there doesn’t appear to be any financial cost to cutting volumes from Iran.
China paid about $99.97 a barrel for Iranian crude in June, according to customs data.
This was only slightly cheaper that the $100.46 a barrel average for all China’s purchases in June.
It’s also interesting to note that while China’s imports from Iran dropped 39% in June from a year earlier, shipments from Iraq soared 445%.
Iraqi volumes have gained 38% in the first six months and now exceed those supplied by Iran.
Iraqi oil is also cheaper than that supplied by Iran, with the Chinese paying $97.84 a barrel in June.
While their may be slight quality differences, it appears that China has been able to replace Iranian volumes with cheaper cargoes from Iraq.
 Iraq Oil Report July 23rd, 2013
Iran has signed an agreement to send 850 million standard cubic feet per day (scf/d) of natural gas through a pipeline into Iraq, fueling power stations to feed electricity-starved Iraqis and testing the U.S.'s sanctions regime.   This is while the construction of the “friendship” pipeline between Iran, Iraq and Syria has been under way since last year.
The pipeline will stretch from Assaluyeh, near the massive offshore South Pars Gas Field in southern Iran, and will continue into neighboring Iraq to feed Iraqi power plants running on gas. Iran, which sits on the world's second largest natural gas reserves after Russia, is making efforts to up its gas production by increasing foreign and domestic investments, especially in South Pars Gas Field.



5/9/2013
  
Action Identifies Front Company and Vessels Attempting to Obscure Iranian Oil Deals Using Ship-to-Ship Transfers and Designates Iranian Bank
The Treasury Department said that Ferland Company Limited, which is based in both Cyprus and Ukraine, facilitated deceptive transactions for or on behalf of the National Iranian Tanker Company (NITC). The two entities conspired with Dimitris Cambis, a Greek businessman who has been previously identified as using his tankers to help Iran hide oil shipments in a scheme to sell Iranian crude oil deceptively.
The US on Friday identified eight petrochemical companies it says are owned or controlled by the government of Iran and are therefore subject to sanctions. The eight companies named as being owned or controlled by Iran include: Bandar Imam Petrochemical Company, Bou Ali Sina Petrochemical Company, Mobin Petrochemical Company, Nouri Petrochemical Company, Pars Petrochemical Company, Shahid Tondgooyan Petrochemical Company, Shazand Petrochemical Company, and Tabriz Petrochemical Company.

The two companies identified by the State Department as conducting petrochemical products transactions are Jam Petrochemical Company and Niksima Food and Beverage JLT.
[May 13]
WASHINGTON – The U.S. Department of the Treasury is taking a number of actions today against Iranian attempts to circumvent international financial sanctions.  As part of the Treasury Department’s continuing vigilance against Iran’s efforts to use front companies and deceptive business practices to sell their oil on the international market, today Treasury identified Sambouk Shipping FZC as subject to sanctions under Executive Order (E.O.) 13599, which, among other things, targets the Government of Iran (GOI) and persons acting for or on behalf of the GOI.  Sambouk Shipping is tied to Dr. Dimitris Cambis who, along with a network of front companies, were sanctioned in March 2013 under E.O. 13599 and the Iran Threat Reduction Act and Syria Human Rights Act of 2012 (TRA) after the U.S. government uncovered Dr. Cambis’s scheme to evade international oil sanctions against Iran.  In an attempt to continue his scheme, Dr. Cambis is using the recently formed Sambouk Shipping to manage eight of the vessels that he operates on behalf of the National Iranian Tanker Company (NITC).  These vessels have been used to execute ship-to-ship transfers of Iranian oil in the Persian Gulf.  These transfers are intended to facilitate deceptive sales of Iranian oil by obscuring the origin of that oil.

 Dimitris Cambis has been black-listed by U.S. Treasury, here 


- U.S. lawmakers will introduce a bill on February 27 that expands economic penalties against Iran and is designed to force countries like China to buy less Iranian crude oil

The legislation by House Foreign Affairs Committee Chairman Republican Ed Royce of California and the panel's top Democrat Eliot Engel of New York builds on existing U.S. sanctions that have so far led to the devaluation of Iran's currency and slashed the country's main source of funding - oil revenues.
[February 26]

Glaros



 Leycothea

Nereyda

Ocean Nymph

Ocean Performer


Seagull

Ulysses I

Zap


Dimitris Cambis, President at Athene consulting house sa6, Vassilissis Sofias Ave. GR-10674 Athens, Greece +30 210 7263300 +30 210 7263399  ach@ach.gr who last year bought the ships - eight very large crude carriers, or VLCCs - to carry Middle East crude to Asia, flatly denied doing any business with Tehran or running clandestine shipments of its oil to China He denied his vessels have loaded oil from Iran while at anchor in the Gulf. Known as ship-to-ship transfers, or STS, such movements are hard to track as crews can switch off tracking beacons or not update their recorded positions for periods to conceal that one vessel has come alongside another.

29.9.14

Philippine Bilateral Exercises start near Scarborough Shoal, seized by Chinese



Joint air and marine exercises "Philippine Bilateral Exercises," or Phiblex, of Philippines and U.S marine units began on Sepember 29 near disputed waters in the South China Sea, testing the readiness of the two oldest security allies in the southeast Asian region to respond to any emergency.

China has expanded its territory in the Gaven, Johnson South, Cuarteron and Chigua reefs in the Spratlys, reclaiming land to build islands to assert its claims.

The Philippines has monitored the presence of more than 120 Chinese warships and fishing boats in the Spratlys in the first half of 2014, establishing firm control over disputed areas.

China seized control of Scarborough Shoal, a rocky outcrop north of the Spratlys, in June 2012 after a three-month standoff with the Philippines, denying Filipino fishermen access to the rich fishing ground.

In the Scarborough Shoal, the Philippines has also reported the presence of an increasing number of ships, from 11 in the last quarter of 2013 to 34 in the first quarter this year.Two U.S. amphibious ships, USS Peleliu and USS Germantown, are participating in the exercises. Besides simulating boat raids and beach assaults, they will feature aerial live fire, mechanized armor maneuvers and parachute drops.

Annual war games are being held under the 1951 Mutual Defence Treaty (MDT), part of a web of security alliances the United States built in the Asia-Pacific region during the Cold War.

[April 5 2013 USS Freedom: LCS bound for Singapore, nothing to do with North Korea]

  The U.S.’ littoral combat ship USS Freedom is en-route to Singapore for temporary deployment as part of the country’s recent military shift toward Asia. Such a shift can further strain relations with China, which is in territorial dispute with its neighbors. A brand new class of ship the USS Freedom is one of just two littoral class combat ships of the U.S. Navy and it pulled into Guam's waters this morning to dock at the Apra harbor. The USS Freedom carries with it two smaller boats that it can launch from two doors in it's rear or aft. These boats carry special interdiction teams trained to board vessels. Commander Timothy Wilke says it's deployment has nothing to do with recent threats from North Korea.


Before it can do that however, the $670 million ship has to get there. The USS Freedom has suffered three blackouts so far in its transit between Hawaii and Guam. As reported by Aviation WeekThe most recent two this week — including one March 21 — brings the outage total to three, all during the ship’s transit from Pearl Harbor to Guam en route to Singapore, says U.S. Pacific Fleet spokesman Darryn James. The outage problems appear to be similar to those the ship suffered during a deployment in the Atlantic when the vessel was first pressed into Navy service, a source intimately familiar with Freedom operations says.
Other than not being able to keep the lights on, the guns on the USS Freedom are also reported not to work properly, and her helicopter is too small to perform mine-sweeping. Additionally  the Navy has admitted in a recent report that the “LCS is not expected to be survivable…” in combat. 

[March 4 2011]






Northrop Grumman-built MQ-8B Fire Scout vertical takeoff and landing tactical unmanned aerial vehicle (VTUAV) flew its first test flights from the U.S. Navy's littoral combat ship, USS Freedom (LCS-1).
The U.S. Navy in the last week of 2010 awarded contracts to industry teams led by Lockheed Martin and General Dynamics to build one Littoral Combat Ship (LCS) with options for nine more over the next five years, as well as technical data packages and support services. Total value of the Lockheed Martin award is $491.9 million; the General Dynamics team contract is for $465.4 million. Saudi Arabia has expressed an interest in Freedom Class vessel, LCS-I
Suppression of enemy air defense for a no-fly zone is done with strike fighters or bombers. This means that any sort of no-fly-zone will have to be enforced by NATO allies, most likely England, France and Italy. There haven’t been any talks about increasing the number of ships near Libya but rather there have been discussions about repositioning naval assets already there. On March 8 that there were no plans to move the carrier Enterprise now in the Red Sea, around a day-long cruise from the Mediterranean. 

 [April 5 2013]U.S.Navy F/A-18 Warplanes have been sent To Philippines For Military Drills. "There will be table top exercises on how the militaries of the two countries would respond to a destructive typhoon as well as in the event of a major ship collision on the high seas," Garcia said, adding the combat aspect would showcase the capability of the U.S. Navy's multi-role fighters The F/A-18 Hornet, an all-weather aircraft, is used as an attack aircraft as well as a fighter. In its fighter mode, the F/A-18 is used primarily as a fighter escort and for fleet air defense; in its attack mode, it is used for force projection, interdiction and close and deep air support. The presence of the warplanes is not connected to tensions on the Korean peninsula, a Philippine army spokesman said.

26.9.14

Kurdish oil: 20th tanker loading

September 25, 2014

ISTANBUL,— Iraqi Kurdistan has shipped a total of nineteen tankers carrying 13.7 million barrels of crude oil since May via a pipeline to Turkey's Mediterranean port of Ceyhan, a Turkish energy official told Reuters on Thursday.

"The flow of Kurdish oil continues without any issues. The 20th tanker will be loaded in the coming days," the official said, adding that the storage tanks in Ceyhan currently held 445,000 barrels of oil.

Turkey's state-run lender Halkbank, where buyers of the Kurdish oil make their payments to, holds $400 million for the sold oil, Turkish Energy Minister Taner Yildiz told reporters on Wednesday.

"This is a business in which so far $1.3 billion worth of revenues have been made," Yildiz added.


[September 20 mt Ultimate Freedom STS to mt  Northern Star, KRG oil to Singapore?]
mt Northern Star off Singapore



The Ultimate Freedom suezmax tanker, carrying 1 million barrels of Kurdish oil from Ceyhan, this week carried out a ship-to-ship transfer of its cargo to the Northern Star, a Very Large Crude Carrier that can hold 2 million barrels of oil. The vessels were just outside the Singapore Strait in Malaysian waters.

An official at the Malaysian Port of Tanjung Pelepas (PTP) and the ship's captain confirmed a transfer between the two vessels took place.
Two more Kurdish tankers, the United Dynamic IMO: 9412309 and United Emblem IMO: 9419096, have sailed through the Suez Canal in the past week and are listed as heading to Asia 'for orders'.

Vessel's name: Ultimate Freedom Last updated: Sep 15, 2014
Ex-name(s): Huelva Spirit / Iria Tapias
IMO number: 9212759   Call sign: 3ESB9
Flag: Panama   Port of Registry: Panama
Owner: Ultimate Freedom Inc.   Operator: Wan Ship Management Inc
Summer DWT: 149990 MT
Type of vessel: Oil Tanker Built: Mar 28, 2001
Type of hull: Double Hull
Class Society: Bureau Veritas

Northern Star
IMO: 9183350
MMSI: 567493000
Call Sign: HSB4887
Flag: Thailand (TH)
AIS Type: Tanker
Gross Tonnage: 149407
Deadweight: 281050 t
Length × Breadth: 330m × 60.04m
Year Built: 1999
Status: Active

[September 8  United Kalavryta: Marine Management Services doesn't address the question - laden or unladen]
laden or unladen?

Two officials at vessel operator Marine Management Services M.C. of Piraeus, Greece, didn’t immediately respond to e-mails seeking comment on the status of the vessel and its cargo. They also didn’t address the question in several e-mail exchanges.

Four firms that handle lightering services for vessels entering the ports of Houston, Corpus Christi, Galveston and Port Arthur said yesterday they haven’t been hired to offload oil from the stranded ship onto smaller ships and bring it to shore.A fifth firm, AET Inc. (AET), had originally been hired to lighter the oil and later dropped the job after the dispute over the cargo arose

The case is Ministry of Oil of The Republic of Iraq v. 1,032,212 Barrels of Crude Oil, 3:14-249, U.S. District Court, Southern District of Texas (Galveston).


[September 3 The vessel`s AIS is back.- Has Gregory Callimanopulos-controlled Marine Management Services STS United Kalavrvta ?]
The United Kalavryta is too large for the Houston Ship Channel, so it is anchored in an area where such vessels transfer their cargo to smaller ones in a process called lightering. The Coast Guard requires ships to file notice before lightering occurs, but the United Kalavryta had filed no such notice as of Thursday afternoon,


United Kalavrvta is managed by Gregory Callimanopulos-controlled Marine Management Services (MMS), which is the same company managing three suezmax tankers that have been involved in lifting Iraqi Kurdish oil from Ceyhan.
A Coast Guard official said that the vessel might have turned off its beacon in the Gulf of Mexico, which it is not supposed to do,  
or it was possible the ship had traveled outside the range of the U.S. Coastguard antennas which would account for it vanishing from the AIS ship-tracking system. 
Where did that $100 million worth of crude go?

[August 19 M.T. United Kalavrvta free to discharge KRG oil at Galveston [but stay tuned]]
Aug 26, 2014 12:01 AM ET   A U.S. judge threw out a court order that would have required federal agents to seize and hold the cargo for the Iraqi Oil Ministry until a court there decided which government owns it.   “Kurdistan’s unauthorized export of oil over land -– and later overseas –- may violate Iraqi law, but it does not violate U.S. maritime law,” Miller said.

Miller threw out a seizure order issued July 28 by a Houston magistrate judge, who questioned U.S. jurisdiction in the matter while agreeing to store the cargo onshore at Iraq’s expense as the debate continued in that nation’s Supreme Court.

M.T. United Kalavrvta intended to discharge its cargo into smaller vessels for delivery at the Texan port of Galveston.

August 19 MT Kamari: from Ceyhan sts United Carrier to Omisalj, $350 million for KRG
MT United Carrier has departed Omisalj




MT Kamari [below]has again loaded crude at Ceyhan, sailing to Malta where it executed a ship-to-ship transfer to a smaller vessel called the United Carrier.

The vessel is managed by Greece-based Marine Management Services, the same company that runs the Suezmax tankers lifting Kurdish oil.

The United Carrier discharged at  Omisalj for Croatia's refineries, which are partly-owned by Hungary's Mol Group, a company that has invested in oilfields in Iraqi Kurdistan.

The Croatian government owns the 100,000 barrel per day INA refining company jointly with Mol Group.

Based on international prices above $100 a barrel, total Kurdish crude sales from Ceyhan would total around $350 million, even if some tankers have been slightly discounted,  the fourth major sale of Kurdish crude.

"A tanker with 80,000 cubic metres of crude oil arrived at the Omisalj terminal and it should be unloaded on August 17". 
The Hungarian oil company, MOL Group, is listed as the buyer of the shipment.

[August 15 U.S. supports Kurds against ISIS,  ISIS oil selling but not KRG?]



A senior Turkish official has asked the U.S. to allow importers to buy KRG oil as  the US carries out air strikes against Isis in support of the Kurdistan Regional Government, even as officials in Washington discourage international purchases of Kurdish oil for fear such a trade could further fragment the Iraqi state.
“This is urgent: Isis is now selling its oil, but the Kurds are not allowed to sell their oil,”, referring to oilfields captured by the jihadist group in eastern Syria and around the northern Iraqi city of Mosul.
He claimed Isis was selling cut-price oil to the Syrian government – there are also allegations of widespread oil smuggling from the jihadist-controlled region, notably to Turkey itself – and compared those sales with the legal obstacles faced by KRG exports.
This week, Axeon, a US-based refiner said it would not proceed with a Kurdish buy because it was “controversial” – the latest in a series of rebuffs for tankers circling the globe with shipments of Kurdish oil.



[August 11]




Phoenix An


M / T Phoenix  An has departed Ceyhan, Turkey with crude oil from northern Iraq to international markets.   M / T Phoenix An, Manager: Ancora Investment Trust Inc.,  carries 260 thousand barrels of crude oil, according to Information received from the Ministry of Energy and Natural Resources.    Thus, 6 ships are carrying Iraqi oil to international markets.
Meanwhile, the flow of oil from northern Iraq to Ceyhan started again. 2.6 million barrels of storage capacity at Ceyhan have been full and  the flow of oil cut , butb pumping was resumed on August 3. 

Ministry of Energy and Natural Resources reports that 75 thousand barrels per day are being received, northern Iraq's oil exports continuing despite all adversities. Legal steps taken by the Iraqi government and the United States oppose the sale of oil by KRG.


IMO: 9299496 MMSI: 229357000 Call Sign: 9HA3264 Flag : Malta (MT) AIS Type: Tanker Gross Tonnage: 24,048 DeadWeight: 38512 Length x Breadth: 27.4m 182.78mx Year Built: 2005


Flag: Malta
Port: VALLETTA
Owner: Phoenix An Shipping Limited GT (ITC 69): 24,048
(10125886)   NT (ITC 69): 11,096
Manager: Ancora Investment Trust Inc. DWT: 38,512
(190761)   (LRF / Company identification no: 1359648)
DocHolder: Unknown
(194737)   (LRF / Company identification no: 000000)
Yard: Guangzhou Shipyard International Co. Ltd. (102545) Year of Build: 2005
Type: 101 - Tanker for Oil Sister Vessels
Rule regime: Ship
Vessel shape: Monohull ship

Richard A. Barone founded Ancora in 2001 shortly after The Maxus Investment Group (which he established in 1973) was sold to Fifth Third Bank.

Theodoros Kottaridis, Chief operating Officer, ANCORA INVESTMENT TRUST INC

Richard A. Barone was President and CEO of Maxus Investment Group.  His career as a leader in the investment industry spans a period of more than 30 years.  As a Founder of Maxus Investment Group in 1973, he presides over one of the oldest and largest privately held investment advisory and securities brokerage firms in the Midwest.  In addition to his investment management responsibilities to institutional and high net worth clients, Mr. Barone is also the Manager of the Maxus Income Fund, the Maxus Equity Fund, and the Maxus Aggressive Value Fund.  He is a graduate of Georgetown University with a degree in Economics and has undertaken graduate studies at both Georgetown and Northwestern Universities

[August 11]



Heidmar currently has around 100 tankers in its pools. It is 49% owned by Russia's Rosneft






MT Kamari


MT Kamari, left Ceyhan on August 1 and was heading for Egypt’s Port Said.   It is carrying one million barrels of KRG crude oil.

Crude oil tanker
IMO: 9399492
MMSI: 240829000
Call Sign: SVAL3
Flag: Greece (GR)
AIS Type: Tanker
Gross Tonnage: 83545
DeadWeight: 156853
Length x Breadth: 274.5m x 48.04m
Year Built: 2009
Status: Active
Owner: Lilium Owning Company Limited
Operator: TMS Tankers Ltd
Former name(s):
- Kamari I (Until 2013 May)
- Kamari (Until 2012 Feb)
- Genmar Gulf (Until 2011 Feb)
- Crudegulf (Until 2003 May)
- Landsort (Until 1997 Oct)
Company Name Lilium Owning Co Ltd
Company Name Full Lilium Owning Co Ltd
Activity Owner, Manager
Addressc/o Heidmar Inc, 20, Glover Avenue, Norwalk CT 06850-1219, USA [Connecticut-based Heidmar currently has around 100 tankers in its pools. It is 49% owned byRussia's Rosneft, 49% owned by George Economou-controlled Shipping Pool Investors, and 2% owned by Heidmar management. ]
Town Norwalk CT
Country United States of America
Postal Code 06850-1219

[August 3  United Emblem STS transfer under MARINE MANAGEMENT SERVICES M.C.operator]
MT United Emblem, which is carrying more than 1 million barrels of oil, is one of three tankers loaded with oil from the autonomous Kurdish region, which is trying to sell oil independently. United Emblem – still holed up in the South China Sea off Malaysia – has managed to offload part of its cargo on to another tanker. The ship-to-ship transfer is a ploy also used by other countries, such as Iran in an effort to disguise the origin of crude, with moderate success. A senior executive at Marine Management Services confirmed the ship-to-ship transfer involving the United Emblem took place in a "legitimate operation". The ship is "fixed to a legitimate charterer and performing legitimate operations," said Kostas Georgopoulos, the chartering manager at Marine Management Services. "The ship is still in international waters," he added MARINE MANAGEMENT SERVICES M.C.

MMS took over personnel, premises and business of Trade & Transport Inc which was established back in 1960. T&T Inc and subsequently MMS, have ever since been providing management of tankers, bulkers and combination carriers including handysize bulkers, panamax bulkers, capsize vessels, panamax tankers, aframax tankers, suezmax tankers and VLCCs.


MMS has expertise in managing vessel operations, inspecting second-hand vessels for purchase, fleet maintenance, repairs and new building supervision.


Company Name: TALMAY TRADING DMCC
Address: Dubai - Dubai Multi-Commodities Centre (DMCC)
POBox: 
Telephone Number: 04-3915043
Fax Number: 04-3611077
E-mail: johan@sbsuae.com
Website: 
Business Activity: Energy
Talmay has offices here



A U.S. court has ordered U.S. Marshals to seize a $100 million cargo of Kurdish oil on a tanker off the coast of Galveston, Texas, if it is brought ashore, adding a new twist to the long-standing dispute between Baghdad and the Kurdistan Regional Government over oil sales.

In a complaint filed with a Texas court Monday, Iraq's ministry of oil accused the KRG of illegally producing and exporting the oil onboard the United Kalavrvta and secured a court order to seize the oil should it come to shore. The complaint didn't include a request to seize the tanker itself, which is too large to enter the Houston shipping channel and unload its cargo directly.

In a further blow to the KRG, the company hired to deliver oil from the United Kalavrvta to the U.S. shore, AET Offshore Services Inc., also filed a complaint Monday, seeking to clarify its legal position and relieve it from its obligations to lift the oil until the dispute over its ownership has been resolved.

"AET hasn't engaged in any lightering operations with this cargo and there's no intention to do so pending clarification from the court," a company spokesman said.

The court filings also revealed the biggest clue yet as to the potential identity of the oil's buyer, revealing that British Virgin Islands-registered Talmay Trading Inc. had chartered AET's services. However, it is unclear whether Talmay was indeed the final buyer or acting as a middleman.

[July 28 United Kalavrvta at Galveston from Ceyhan with KRG crude]
A tanker carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, on July 27, a delivery that has infuriated Baghdad, which has threatened to sue anyone who buys the black gold.  

The Marshall Islands-flagged tanker United Kalavrvta sailed from the Turkish port of Ceyhan on June 23.   The United Kalavrvta spent a week hovering off the coast of Malta before striking across the Atlantic toward the U.S. Its final buyer is still unknown. 

The ship carries approximately 1 million barrels of crude, which would fetch more than $100 million at international prices. It must undergo a routine safety inspection by the U.S. Coast Guard on before it can unload its cargo, an official said.    
Washington has pressured companies and governments not to buy crude from the Kurdish Regional Government (KRG), but it has stopped short of banning U.S. firms from buying it outright.   A second ship - the United Leadership - is still waiting off the coast of Mohammedia, Morocco and a third tanker - the United Emblem - is sailing to Malaysia.

IMO: 9290397
Name: UNITED KALAVRVTA
MMSI: 538005501
Type: CRUDE OIL TANKER
Gross Tonnage: 81076 t
Summer DWT: 159156 t
Build: 2005
Flag: MARSHALL ISLANDS Owner: UNITED KALAVRYTA INC. Operator: Marine Management Services M.C.

[June 27]

2014-06-27 12:18 Tanker VALFOGLIA IMO: 9417309 MMSI: 247235700 Call Sign: ICLM Flag: Italy (IT) Type: Crude oil tanker Gross Tonnage: 60185 DeadWeight: 109060 Length x Breadth: 243m x 42.08m Year Built: 2009 Latitude / Longitude: 35.85376 / 30.82469 Speed/Course: 11.5kn / 271° [June 25]


PANAGIA ARMATA
 Malta Tanker
IMO: 9180126
MMSI: 229637000
Call Sign: 9HA3472
Flag: Malta (MT)
Type: Oil products tanker
Gross Tonnage: 53074
DeadWeight: 98774
Length x Breadth: 248m x 43.34m
Year Built: 1998
Status: Active 

Info Received:(2014-06-25 12:19)
Area: Mediterranean
Latitude / Longitude: 35.31068 / 29.7328
Speed/Course: 13.5kn / 257°
Last Known Port: CEYHAN [TR] (2014-06-24 13:21:00)

Kurdish authorities have continued floating tankers carrying their crude from Turkey's Mediterranean port of Ceyhan uninterrupted. Three tankers have sailed since May 22, and  a fourth tanker started loading June 22. While the first tanker is still idling off Morocco to discharge its load, the second cargo was delivered over the weekend to the Israeli port of Ashkelon, managed by Eilat Ashkelon Pipeline Co.
The first tanker, the United Leadership, is still lingering off the Moroccan coast after it attempted to deliver oil to the North African country's Mohammedia refinery at the start of this month. The government told the vessel, laden with 1 million barrels of oil, to vacate its waters pending a final decision.
ERBIL, Iraq—The semiautonomous Kurdish region of northern Iraq received $106 million for the first million barrels of oil it piped to Turkey and shipped to international markets, a steep discount compared to regional alternative sour grades.   The oil was sold at about a $13 per barrel discount when taking the current level of benchmark dated Brent, whereas Urals has been at a discount of $1.50 to $3/barrel this month.   The grade is a mix of Kurdistan's Tawke and Taq Taq grades and is expected to change over time as the first loadings from storage were mixed with some residue of Iraq's Kirkuk grade.
Buyers of oil from the Kurdistan Regional Government, or KRG, deposited $93 million of the $97 million owed on the first tanker of crude at Turkiye Halk Bankasi  



[June 22]

 Liberia flagged tanker SCF Altai

“The KRG categorically refutes the claim that it has sold oil to Israel,” a spokesman for the Ministry of Natural Resources said in an e-mail. “The KRG has not sold oil either directly or indirectly to such a destination.”

The spokesman did not comment on questions asking who the KRG had sold the oil to, or how crude oil from Iraqi Kurdistan had been delivered to Israel.



[June 20]
mt SCF Altai arrived at Israel's Ashkelon port early onJ
une 20 ship tracking and industry sources said. By the evening, the tanker began unloading the Kurdish oil, a source at the port said.


[June 19]
Two more tankers will load Kurdish oil at Ceyhan by June 22.    Kurdish exports may double to as much as 250,000 barrels a day next month


On May 22, mt United Leadership filled with the disputed oil left the Ceyhan terminal with 1 million barrels for Europe.Then it appeared to be bound for the Americas, as a concerted Iraqi government effort to block its passage led to the tanker turning around on May 30 after getting almost 200 miles across the Atlantic Ocean. The tanker moored about 5 miles off Mohammedia port in Morocco on June 3.    With this much oil now flowing onto the international market from Kurdistan, with Turkey’s help, sooner or later it will find buyers.   Turkey sees Kurdish crude oil exports through its Mediterranean port of Ceyhan as “entirely legitimate” and will continue as long as oil is sold. The next shipment is scheduled for June 22.


[June 18]
After two days of waiting on the coast of Malta, United Emblem transferred its cargo [1.045mn barrels of crude] to the Liberia flagged tanker SCF Altai which headed for the Israeli Port Ashkelon.   
A third tanker carrying KRG oil stored in Ceyhan would transport oil for sale on the international market on June 22. On a daily basis 120,000 barrels of Kurdish oil flow to Ceyhan via the pipeline without interruption. Last December the KRG administration completed construction of the Taq Taq-Khurmala-Fish Khabur pipeline that connects the Taq Taq oil field to the entry point for the Kirkuk-Ceyhan pipeline. Since then Kurdish oil exports have continued uninterrupted in a pipeline capable of sending a maximum of 300,000 barrels of oil per day to Turkey.
KRG oil exports from the port of Ceyhan began on May 23. The first tanker, United Leadership, which left the Turkish port in May, is currently positioned off the coast of Morocco. However the second tanker, United Emblem, sailed to Ceyhan yesterday afternoon.

Name: Scf Altai
IMO: 9224439
Flag: Liberia
MMSI: 636011490
Callsign: ELZP3
Gross tonnage: 81,085 tons
Summer DWT: 159,417 tons
Length: 273 m
Beam: 48 m
Draught: 17 m


While the fate of oil in the first two tankers is not yet clear, Irbil-based Kurdish news portal Rudaw reported on June 15 that Kurdish oil, the sale of which was impeded by Baghdad and Washington, has been sold to buyers in Austria and India.






United Leadership


United Emblem



At the time of writing, the cargo vessel United Leadership was moored in the Mediterranean, laden with 1 million barrels of oil taken from storage tanks at the Turkish port of Ceyhan. 

Kurds have now shipped a second crude cargo.   The United Emblem loaded 1.045mn barrels of crude at Ceyhan, Turkey, on June 9. The vessel is currently in international waters near Morocco.

  Baghdad says the semiautonomous northern Iraqi enclave of Kurdistan can't legally export its crude without going through the federal government in Baghdad. The Kurdistan Regional Government, meanwhile, has repeatedly challenged that position and in late December started piping oil from Kurdistan to Turkey for eventual export by tanker. Late last month, the KRG announced the departure of the United Leadership from the Turkish port of Ceyhan, marking it as a milestone for its nascent oil industry.

Baghdad immediately threatened to take legal action against anyone who bought the shipment. Since then, it has remained unclear who bought the cargo, where it was headed and whether any government would allow for it to be unloaded amid Iraq's threats.   Iraq  surpassed Iran in 2012 to become second in the Organisation of Petroleum Exporting Countries.   The main pipeline is from Kirkuk to the Mediterranean port of Ceyhan, Turkey

The seizure of Iraq’s second-largest city by militants from a breakaway al-Qaeda group is hobbling the effort to fix its main pipeline for crude exports and boost output at one of its biggest oilfields.   Plans to pump more oil at Kirkuk with help from foreign partners such as BP Plc will be put on hold while the violence . The field is Iraq’s fourth-largest, with 8.9 billion barrels in estimated reserves.  It has been producing since the 1920s and currently pumps about 270,000 b/d.    
Growth in Iraq’s output has helped underpin OPEC’s supply to global markets as fighting in Libya has curbed production in the North African country and international sanctions against Iran for its nuclear program have cut that nation’s exports.   Fighting in the northern city of Mosul forced a halt in repairs to the main pipeline from Kirkuk to the Mediterranean port of Ceyhan. Shipments through the pipeline, a frequent target of sabotage, have stopped since March 2.

PCU, Zumwalt: turbine started,first electric-drive surface combatant


Aboard the future USS Zumwalt,  one of the main turbine units was started for the first time on September 23.   The 610-foot-long warship will be the first electric-drive surface combatant built for the U.S. Navy since a line of smaller destroyer escorts in the 1940s.

[November 25][December 21 2013 PCU Zumwalt: formal launch put off to Spring]
Defense Secretary Chuck Hagel said the not-yet-launched Zumwalt-class destroyer he toured here today “represents the cutting edge of our naval capabilities.” The ship, now known as the Pre-Commissioning Unit, or PCU, Zumwalt, will become the USS Zumwalt, named for former Navy Adm. Elmo Zumwalt. Officials said the ship is about a year away from joining the fleet.



[October 21]
USS Zumwalt, the first entirely new ship built  by Bath Iron Works in Bath, Maine, since the original Arleigh Burke was christened more than 20 years ago.The ship is 100 feet longer than the existing class of destroyers.

It features an unusual wave-piercing hull, electric-drive propulsion, advanced sonar and guided missiles and a gun that fires rocket-propelled warheads as far as 100 miles. Unlike warships with towering radar-and-antenna-laden superstructures, the Zumwalt will ride low to the water to minimize its radar signature, making it stealthier than other warships.

The ship was envisioned for shore bombardment, but its size and a power plant that can produce 78 megawatts of electricity — enough to power 78,000 homes — make it a potential platform for futuristic weapons such as the electromagnetic rail gun, which uses a magnetic field and electric current to fire a projectile at seven times the speed of sound.

With so many computers and so much automation, it will need fewer sailors, operating with a crew of 158 — nearly half the complement aboard the current generation of destroyers.

23.9.14

DDG launch of Tomahawk Land-Attack Missiles (TLAM) against ISIL targets

Guided-missile cruiser USS Philippine Sea (CG 58)


Published on Sep 23, 2014
RED SEA (Sept 23, 2014) The guided-missile destroyer USS Arleigh Burke (DDG 51) launches Tomahawk Land-Attack Missiles (TLAM) against ISIL targets. Arleigh Burke is deployed in support of maritime security operations and theater security cooperation efforts in the U.S. 5th Fleet area of responsibility.







Published on Sep 23, 2014
ARABIAN GULF (Sept. 23, 2014) The guided-missile cruiser USS Philippine Sea (CG 58) launches Tomahawk Land-Attack Missiles (TLAM) against ISIL targets. Philippine Sea is deployed as part of the USS George H.W. Bush (CVN 77) Carrier Strike Group supporting maritime security operations and theater security cooperation efforts in the U.S. 5th Fleet area of responsibility.





More than a dozen airstrikes have hit Islamic State military targets and administrative buildings in Aleppo and Raqqa provinces in the north as well as al Qaeda's official arm in the country, al Nusra Front in the northwestern city of Idlib.

[March 20 2011 Trafalgar: class submarine fire RN Tomahawks]


The UK has launched guided Tomahawk Land Attack Missiles (TLAM) from a Trafalgar Class submarine as part of a co-ordinated coalition plan to enforce the UN resolution on Libya.
A UK submarine is understood to have been stationed in the Mediterranean for some time without being detected.

21.9.14

HAI YANG SHI YOU 981 finds gas outside disputed area

China National Offshore Oil Corp. (CNOOC) has announced its first deepwater gas field discovery in the South China Sea,. The discovery was made by HAI YANG SHI YOU 981 MO: 9480344 .

The newly discovered gas field, dubbed Lingshui 17-2, is located 150 kilometers south of Hainan — in other words, not in a disputed area of the South China Sea.





[June 23 2011 Marine Oil 981: semisub rig to Spratly Islands]



Marine Oil 981, HAI YANG SHI YOU 981, 船主, will begin testing this week for the first time in preparation for its deployment to the South China Sea in July. 48.1 miles Northeast bearing 66° from Zhoushan, Zhejiang, China
The deployment of the semi-submersible platform comes as tensions rise in the hotly contested South China Sea. Shortly after China announced the completion of the platform — which took more than three years to build and cost more than $900 million. The oil rig is 114 m long, 140 m high and weighs 31,000 t. According to China State Shipbuilding Company, the deepwater platform is capable of drilling in waters up to 3,000 m deep, and of using a drill that goes as deep as 12,000 m.
China's ambassador to the Philippines, Liu Jianchao, has insisted China's intentions were peaceful and said that China was not looking for oil in the disputed waters and, therefore, no other country should. Philippine Daily Inquirer
2009 China Waigaoqiao Shipbuilding H1188 CNOOC Hai Yang Shi You 981 ABS Semi Sub Drilling Rig IMO: 9480344



Name: HAI YANG SHI YOU 981
Ex-names: 6 FMZ AF
MMSI: 413464330
IMO: 9480344
Callsign: BYDG
Flag: China

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American Petroleum Tankers sees flood of domestic and Canadian crude

NASSCO built five product carriers for American Petroleum Tankers, including Empire State, shown here during "float out" day for the hull in September 2009.  APT was then mostly owned by the investment firm Blackstone Group.


To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners recently acquired U.S.-flagged tankers that can move crude and products between domestic ports as required under the Jones Act.   They acquired American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Management for an aggregate consideration of approximately $962 million in cash. APT and SCT are engaged in the marine transportation of crude oil, condensate and refined products in the U.S. domestic trade, commonly referred to as the Jones Act trade.    American Petroleum Tankers already has five medium range product tankers in operation, each with a 330,000 barrel cargo capacity. In addition a new Jones Act qualified tanker is being commissioned for construction,  and State Class Tankers has ordered four other medium range tankers with expected delivery dates in 2015 and 2016 and the same cargo capacity of 330,000 barrels.   
 General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), has entered into a contract with an affiliate of American Petroleum Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), for the design and construction of an additional 50,000 deadweight ton LNG-conversion-ready product carrier with a 330,000 barrel cargo capacity. Construction is scheduled to begin the fourth quarter of 2015, with delivery scheduled for the second quarter of 2017. This new tanker, supported by a long-term charter, will be constructed at the NASSCO shipyard in San Diego, meeting the Jones Act requirement that ships carrying cargo between U.S. ports be built in U.S. shipyards.
American Petroleum Tankers LLC
State Class Tankers II LLC
State Class Tankers III LLC
State Class Tankers IV LLC
State Class Tankers V LLC
State Class Tankers VI LLC
American Petroleum Tankers Holding LLC
APT New Intermediate Holdco LLC
American Petroleum Tankers Parent LLC
APT Intermediate Holdco LLC