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The Iran fleet will return to the strong oil shipping market
Source: | Author:woodwell | Published time: 2015-08-12 | 1073 Views | Share:
Iran's largest oil tanker company, National Iranian Tanker Company recently announced that the company plans to a lifting of the EU on Iran's nuclear sanctions after return to Europe and the international market. Iran in the trade ban lifted or will return to the strong oil market, but analysts have more positive attitude.
Under the recent agreement, the EU sanctions against Iran's oil exports will be lifted, in order to achieve additional constraints on the nuclear program in Iran. The agreement is expected to promote Iran's oil exports, and for its tanker fleet (ship yard sale) to enter the market to pave the way.

Iran's largest oil tanker company, National Iranian Tanker Company recently announced that the company plans to a lifting of the EU on Iran's nuclear sanctions after return to Europe and the international market. Iran in the trade ban lifted or will return to the strong oil market, but analysts have more positive attitude.

Under the recent agreement, the EU sanctions against Iran's oil exports will be lifted, in order to achieve additional constraints on the nuclear program in Iran. The agreement is expected to promote Iran's oil exports, and for its tanker fleet (ship yard sale) to enter the market to pave the way.

Iran's oil real insurance and Legal Affairs Office spokesman Shahram Farahbod said after the lifting of the sanctions against Iran's nuclear, Iran's oil tanker fleet will be in the shortest possible time to return to Europe and the international market. According to Farahbod Shahram said, after the signing of a comprehensive new agreement in Iran oil, its nuclear sanctions will also be lifted.

It is reported that Iran oil was in February this year, the European Union second times in the blacklist, because the company tried to persuade London court to stop the EU sanctions failed.

Earlier, in 2012, Iran oil by the European Union sanctions, the company and the EU to reach a trade, including insurance and banking services. In addition, the company is also listed in the United States by the United States blacklist. Subsequently Iran oil proved that the company is privately owned by the Iran pension fund, neither the subsidiary of the Iran government, nor is it a revolutionary guard. Therefore, the European Union in October 2014 to withdraw the sanctions against Iran oil, until February this year, due to the legal disputes sanctions re entry into force.

According to the analysis of the institutional Gibson Shipbrokers said that due to failure to EU sanctions against Iran will make the output of oil on the market rise, Iran's oil return to the market will play a positive role in promoting the tanker market. However, with the Iran crude oil output rose at the same time, Iran invested in oil shipping market capacity is also growing. But in the medium term, analysts believe that with Iran's oil tanker fleet return, the market will face pressure. But look at the long term, he believes that this progress will help oil tanker and LNG market.

Shipowners and analysts believe that Tehran with the six nation negotiations after the formation of consensus, though the "liberation" one of the world's largest VLCC fleet operation, but not for the prosperity of the tanker market cause particularly severe impact. Oil supply increases with the increase of the new ship, the market will only produce a "neutral" effect. Analysts pointed out that, with the beginning of a long time to fill the crude oil market and the long-term premium and oil news similar to the argument, but it is the focus of the argument around Iran transferred out from the bull market argument. According to the current order book and global crude oil production expected estimating, ship supply and demand should be to achieve a balance, to the end of 2016 roughly 29 ships, 2017 shortfall in about 5 vessels.

At present, Iran camp fleet in a total of 37 VLCC (accounted for 5.8% of the total capacity of the global VLCC fleet), 12 suezmax tankers and 5 ships aframax tanker, which most of the ship have not yet joined international shipping market operation. Analysts said, if the ship into the spot market, then the Iran fleet will need to re set up standards, thus in line with international standards. Citigroup analysts said that due to Iran's oil tankers will be used mainly for carrying Iranian domestic crude oil products, 2016 ban revoked the net growth of only four ships. In view of the 4 VLCC in the world's fleet of less than 1%, analysts believe that the incident has little impact on the rental market.

According to Reuters, Iran officials said the next Iran will try to export crude oil to Europe, so as to recover the past 40% market share. While some analysts expect Iran's oil exports are expected to grow by 60%. in a year in addition, Iran and the United States, Britain, France, China, Russia and Germany also need to reach a number of export agreements, which depends on whether Iran is willing to bear the transaction obligations.

Is specialized (focus) on Manufacturing & Developing the Technology of Welding & Cutting industrials.

Along with the China/ Asia shipbuilding industrial developing, Wood Well Limited start to touch the shipbuilding associated biz and products, looks like: BWMS, Cutting Tools, Welding Machine, Pipe, Power Cable,CBM…..

And the industrial field enlarge to: Mold Maker, automotive, Pressure Vessel, Chemical Energy….

In order to strength our ability, we invest and cooperate with some good potential China manufactory on “welding & cutting” from 2007 Year.

 

From 2010 Year, we cooperate with LG, Samsung to agent and sales on China market.

The beginning products is from the Recycle Chemical Resin: HDPE, LDPE, and LLDPE.

Now we have developing the more cooperate field with LG, Taita , Samsung….

 

On 2013 Year, we open the China Independent Corporation in China Shanghai:

Shanghai D&Z International Trading Co., Ltd.

And have the China Representative Office at Dalian, Zhuhai,

And the same year we set the Indonesia Representative Office in Surabaya.

It is enlarge out biz scope from Asia to East-Asia.

 

On 2014 Year, we register the “GSC” Brand for production the welding & cutting materials.

It is widely apply on the industrial fields.

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And we set the Japan Representative Office in Tokyo on 2014 Year.

It is help us upgrade our quality and service standard, and have the chance to cooperate with Japan famous company: Kyocera, Toshiba, Asahi….

 

On 2015 Year, we set the Brazil Representative Office in San Paulo.

The 2016 Rio de Janeiro Olympic Games will be hold son, we hope our products and service could win this market.

 

During the last 14 years developing, and all the Wood Well Staff hard working, now we have the 3 main division with 7 Section.

 

 

 

 

DIVISION

SECTION

BIZ MODE

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Invest & Cooperation
Develop the Association Manufactory

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Machinery

Medical Device

 

 

 

Chemical Industrial

Chemical Resin

Cooperate & Agent

Recycle Resin

 

 

 

Energy Industrial

Photovoltaic

Cooperate & Agent

 

 

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