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.