News that the National Iranian Tanker Company is busy renaming and re-flagging its tanker fleet (recently most of their fleet was parked idle in Kharg so the Ship Masters were instructed to switch off their GPS tracking systems) should raise two questions in your mind: (1) How fucked up (pardon my French) are we as a nation that we have to suffer the same incompetence, cost, and idiocy over and over again (who appointed us as the righteous defender of the ‘rights’ of independent nations to the detriment of our self interest?), but more importantly with this regime it should raise this very important question as well: (2) How much will they embezzle using this “opportunity”?
Unlike the cargo market the tanker market is much smaller, highly scrutinized (because of the environmental risk) and each vessel’s history is well known. So what they are thinking this will achieve is beyond me except for (2) above.
Old Name New Name New Flag DWT Davar Companion Tanzania 318,000 Haraz Freedom Tanzania 317,000 Hoda Precious Tuvalu 317,000 Hadi Pioneer Tuvalu 312,000 Hamoon Lena Tuvalu 300,000 Nesa Truth Tuvalu 300,000 Najm Motion Tuvalu 300,000 Nabi Brawny Tuvalu 300,000 Noah Elite Tuvalu 300,000 Sima Blossom Tuvalu 164,000 Susangrid Daisy Tanzania 158,000 Abadan Alpha Tuvalu 98,000 Astaneh Neptune Tuvalu 98,000
Sources: Reuters Freight Fundamentals Database and vesseltracker.com