(THIS ARTICLE IS COURTESY OF SHANGHAI CHINA’S ‘SHINE’ NEWS NETWORK)
The ministers also discussed the impact of regional developments on the security and integral unity of the GCC countries and peoples.
Their statement came during the 16th meeting of the joint defense council of the GCC, hosted by Oman in Muscat. The meeting was chaired by Oman’s Defense Minister Sayyid Bader bin Saud al-Busaidi.
The ministers condemned the September attacks on Saudi Aramco oil facilities in Abqaiq and Khurais, asserting their support to Saudi Arabia and any measures taken to protect its sovereignty, stability, and interests.
GCC Secretary-General Abdullatif al-Zayani, who attended the meeting in Muscat, praised the operation carried out by US forces on Saturday in Syria’s Idlib province, which left ISIS leader Abu Bakr al-Baghdadi and a number of extremists dead.
The ministers stated that Baghdadi’s death is an important step in eliminating the terrorist organization’s cells.
Zayani also lauded the preparedness of the GCC armed forces to defend their countries and peoples, vowing to further upgrade their defense plans. He also praised the cooperation between GCC armed forces and allied countries.
Anonymity through blockchain is a significant milestone in developing markets and may transform shipping and logistics, says American economist and 2007 Nobel laureate Eric Maskin.
Maskin told a forum at the first World Maritime Conference on Sunday that getting the right ships at the right time and keeping cargo details and destinations private from competitors were major issues facing the industry.
“Blockchain is the perfect solution to their problem,” he said. “It can achieve an optimal assignment and companies don’t need to disclose information publicly.”
The three-day World Maritime Conference began Sunday. Marking the 110th anniversary of the establishment of the Shanghai Maritime University, it is the first international high-end academic conference held in Lingang Special Area of the China (Shanghai) Pilot Free Trade Zone.
More than 400 maritime experts, scholars, representatives of enterprises and institutions and entrepreneurs from nearly 30 countries and regions are present at the conference, including Eric Maskin and American astrophysicist, cosmologist and 2006 Nobel laureate George Smoot.
Smoot, who advocated the “blue” marine economy and blue growth, praised the rapid development of the blue economy in Shanghai, Shenzhen and Qingdao in recent years and predicted that big data, artificial intelligence, robotics, digitalization and autonomous ship technology will bring new development to the shipping industry.
Industries such as fisheries, aquaculture, coastal and marine tourism, marine biotechnology and bioprospecting will also contribute to the development of blue economy, according to Smoot.
And there is still a large space for the research and cultivation of marine micro-organisms.
The Research Report on Navigation Status in the South China Sea 2018 was also issued on Sunday, saying the South China Sea is still some of the safest waters in the world based on meteorological, hydrological and other parameters. The “New era, New Technology, New Maritime” conference covers topics including maritime economics, shipping management, intelligent ships and maritime law.
The Israeli Broadcasting Corporation is reporting another ship has been seized in the gulf. Correspondent Amochai Stein said on Twitter: “Iran has seized another oil vessel in the Strait of Hormuz. Iran’s Revolutionary Guard arrests a vessel and 11 crew on ‘diesel smuggling charges’.”
It comes after Iran said accusations it had a role in the attack on Saudi oil installations were “unacceptable” and “baseless”, after a senior US official said the Islamic Republic was behind it.
“These allegations are condemned as unacceptable and entirely baseless,” Foreign Ministry spokesman Abbas Mousavi said in remarks carried by state TV.
On Sunday, a senior US official told reporters that evidence from the attack, which hit the world’s biggest oil-processing facility on Saturday, indicated Iran was behind it, instead of the Yemeni Houthi group that had claimed responsibility.
Iran is believed to have seized another oil tanker passing through the Strait of Hormuz
Donald Trump waded into the row by issuing a fierce warning to Iran that America was “locked and loaded” in a chilling esponse to the oil field attacks.
The US President said on Twitter: “There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of the attack, and under what terms we would proceed.”
He then said the US had ‘PLENTY OF OIL!’ despite the attacks on the fields.
Last night the US issued satellite images an intelligence backing the claim that Iran was behind attacks on major Saudi oil facilities.
According to the New York Times, ABC and Reuters US officials pointed 19 points of impact from bombs or missiles and evidence indicated the attacks had come from a west-north-west direction – not Houthi-controlled territory in Yemen, which lies to the south-west of the Saudi oil facilities.
US officials suggested launch sites in the northern Gulf, Iran or Iraq were a more likely source of the missiles. And a close-up image of damaged tanks at the Abqaiq processing plant seemed to show impact points on the western side.
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Iran’s semi-official Students News agency ISNA reported Iran’s Revolutionary Guards have seized the the vessel for allegedly smuggling 250,000 litres of diesel fuel to the United Arab Emirates.
A reporter for ISNA said: “It was detained near Iran’s Greater Tunb island in the Persian Gulf.
“The crew have been handed over to legal authorities in the southern Hormozgan province.”
Mr Trump said on Monday the United States would help its allies.
Taking to Twitter he said: “We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!”
The latest reported ship seizure by Iran follows a series of incidents involving shipping around the Gulf after US sanctions on Iranian oil exports took full effect in May.
In 2014, the Suez Canal Authority made more than EGP60 billion (USD3.61 billion) from issuing investment certificates for Egyptians for five years with a revenue of 12 percent end of 2016 to around 15.5 percent.
The revenue was invested in building the new Suez Canal and a number of tunnels.
Back then, Egypt permitted the purchase of investment certificates for Egyptians only by individuals, companies and authorities, such as funds.
Mona Mostafa, director of trading at Arabeya Online, told Reuters that 80 percent of due certificates in September would be linked to new certificates because most of the subscribers of Suez Canal certificates are clients of banks and not adventurous investors.
Egypt announced in August 2014 plans to set up the new Suez Canal in addition to the current canal under a project worth several billions of American dollars. The project aims to expand trade along the fastest route of navigation between Europe and Asia.
Egyptian officials hope the new canal would push annual revenues to USD13.5 billion by 2023 from more than USD5 billion.
The Suez Canal was inaugurated in 1869, and its length is around 160 km. It is the shortest maritime route between Asia and Europe. The canal is Egypt’s largest income source of hard currency alongside tourism, gas and oil exports and workers’ transfers from abroad.
Further, Suez Canal revenues reached USD5.7 billion in 2018, rising from USD5.3 billion in 2017.
BP has not taken any of its oil tankers through the Strait of Hormuz since a July 10 attempt by Iran to seize one of its vessels, the British company’s Chief Financial Officer Brian Gilvary said on Tuesday.
The oil and gas company has no current plans to take any of its own vessels through the strait, Gilvary said, adding that BP is shipping oil out of the region using chartered tankers.
“We will continue to make shipments through there but you won’t see any BP-flagged tankers going through in the short term,” he said, according to Reuters.
Gilvary was speaking as the company reported better than expected second-quarter earnings due to a strong increase in oil and gas production.
Tensions spiked between Iran and Britain this month when Iranian commandos seized a British-flagged tanker in the Strait of Hormuz, the world’s most important waterway for oil shipments.
That came two weeks after British forces captured an Iranian oil tanker near Gibraltar suspected of violating European Union sanctions on Syria.
Earlier this month, three Iranian vessels tried to block the passage of a BP-operated tanker through the Strait of Hormuz but withdrew after warnings from a British warship.
Washington, which has by far the strongest Western naval contingent in the Gulf, on July 9 proposed stepping up efforts to safeguard the Strait of Hormuz.
(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)
The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines off Gibraltar, raising tensions in the Gulf where Iran detained a UK-flagged ship in retaliation.
Grace 1 remains impounded, not because of its flag but because it was suspected of taking oil to Syria in breach of EU sanctions, an allegation that Iran denies.
Yet Panama’s move on May 29 to strike it from its register mid-voyage was part of a global squeeze on Iranian shipping.
Nations that register vessels under so-called “flags of convenience” allowing them to sail legally have de-listed dozens of tankers owned by Iran in recent months, tightening the economic noose around it.
In the biggest cull, Panama, the world’s most important flag state, removed 59 tankers linked to Iran and Syria earlier this year, a decision welcomed by the United States which wants to cut off Tehran’s vital oil exports.
Panama and some other key flag states are looking more closely at the thousands of ships on their registers to ensure they comply with US sanctions that were re-imposed against Iran last year and tightened further since.
A Reuters analysis of shipping registry data shows that Panama has de-listed around 55 Iranian tankers since January, Togo has de-listed at least three and Sierra Leone one.
That represents the majority of its operational fleet of tankers, the lifeblood of the oil-dominated economy, although Iran may have re-registered some ships under new flag states.
When a vessel loses its flag, it typically loses insurance cover if it does not immediately find an alternative, and may be barred from calling at ports. Flags of convenience also provide a layer of cover for a vessel’s ultimate owner.
International registries charge fees to ship owners to use their flags and offer tax incentives to attract business.
Iran said it still had plenty of options.
“There are so many shipping companies that we can use. In spite of US pressure, many friendly countries are happy to help us and have offered to help us regarding this issue,” said an Iranian shipping official, when asked about tankers being de-listed.
Some nations have expressed caution, however. The world’s third biggest shipping registry, Liberia, said its database automatically identified vessels with Iranian ownership or other connections to the country.
“Thus, any potential request to register a vessel with Iranian connection triggers an alert and gets carefully vetted by the Registry’s compliance and management personnel,” the registry said.
Liberia said it was working closely with US authorities to prevent what it called “malign activity” in maritime trade.
In many cases Iran has re-listed ships under its own flag, complicating efforts to move oil and other goods to and from the dwindling number of countries willing to do business with it.
Some shipping specialists said the Iranian flag was problematic because individuals working for the registry in Iran could be designated under US sanctions, and so present a risk for anyone dealing with vessels listed by them.
“Most insurance companies or banks will not be able to deal with the Iranian flag as it is in effect dealing with the Iranian state,” said Mike Salthouse, deputy global director with ship insurer the North of England P&I, according to Reuters.
Customs officials may also sit up and take notice.
“One of the problems with an Iranian-flagged ship is that there is a 50 percent chance that a customs officer will undertake a search, which means the cargo will be delayed,” said a UN sanctions investigator, who declined to be named. “These all add to the costs.”
A former US diplomat said Washington was often in contact with Panama and other flag states to keep vessel registries “clean”.
“We are continuing to disrupt the Quds Force’s illicit shipments of oil, which benefit terrorist groups like Hezbollah as well as the Assad regime (in Syria),” said a spokesman at the US State Department.
Quds Force refers to a unit of Iran’s Revolutionary Guards Corps that is in charge of the Guards’ overseas operations, and Hezbollah is an Iran-backed, armed party that forms part of Lebanon’s coalition government.
“Nearly 80 tankers involved in sanctionable activity have been denied the flags they need to sail,” the spokesman added.
De-flagging Iranian ships is just one way the international community can squeeze Iran.
US sanctions on oil exports aim to reduce Iran’s sales to zero. Iran has vowed to continue exporting.
In the first three weeks of June, Iran exported around 300,000 barrels per day (bpd), a fraction of the 2.5 million bpd that Iran shipped before President Donald Trump’s exit in May last year from the 2015 nuclear deal with major powers.
Egypt could also complicate life for Tehran if it denies passage to tankers heading to the Mediterranean through the Suez Canal. The alternative route around Africa, taken by Grace 1 before its seizure, is far longer.
Refinitiv shipping data showed the Masal, an Iranian-flagged oil tanker, anchored in the Suez Canal’s waiting zone on July 6. It stayed there until July 12, when it began to sail south. It exited the Red Sea on July 17 and docked at Larak Island, Iran on July 23.
The Suez Canal Authority’s spokesman said Egypt did not bar vessels from crossing the canal except in times of war, in accordance with the Constantinople Convention. He declined to comment further.
Britain tightened the screw when it seized the Grace 1 supertanker on July 4, accusing it of violating sanctions against Syria.
Two Iranian-flagged ships have been stranded for weeks at Brazilian ports due to a lack of fuel, which state-run oil firm Petrobras refuses to sell them due to US sanctions. Two more Iranian ships in Brazil could also be left without enough fuel to sail home.
A recent incident off Pakistan’s coast last month points to the lengths Iran has gone to in order to keep trading.
The Iranian cargo carrier Hayan left from the Iranian port of Bandar Abbas on June 3 and set sail for Karachi on Pakistan’s coast, according to ship tracking data from maritime risk analysts Windward.
On June 7, it changed its name to Mehri II and its flag to that of Samoa, the data showed, as it made its way toward Karachi port.
Six days later, the vessel conducted a ship-to-ship transfer of its unknown cargo further up Pakistan’s coast.
The ship then returned home, changing its flag back to Iran and its name back to Hayan.
Imran Ul Haq, spokesman for the Pakistan Maritime Security Agency, said they had no information, when asked about the Iranian ship’s activity.
Iran has frequently used ship-to-ship transfers to move oil and oil products since US sanctions were reimposed.
Shipping data also show that a separate Iranian-owned cargo ship, the Ya Haydar, has been sailing around the Gulf and reporting its flag as that of Samoa.
Samoa denies allowing Iran to register any ships under its flag.
“The said vessels Hayan or Ya Haydar are not, and have never been listed, nor registered on the Samoa’s registry of vessels,” said Anastacia Amoa-Stowers of the Maritime department at Samoa’s Ministry of Works, Transport & Infrastructure.
“Given there are currently no Iranian ships listed on Samoa’s registry, there is no action to de-list a vessel. Additionally, there has never been any Iranian ships listed on Samoa’s vessel registry – previously and at present.”
Amoa-Stowers said Samoa was a closed registry, meaning that any foreign vessel flying its flag was doing so illegally.
A senior Iranian government official involved in shipping declined to comment when asked about the two vessels.
A spokeswoman with the International Maritime Organization said the UN’s shipping agency had received information from Samoa which has been circulated to member states.
“The Danish government looks positively toward a possible contribution to such initiative,” Foreign Minister Jeppe Kofod said in a statement. “The initiative will have a strong European footprint”.
Britain has sought to assemble the mission in Hormuz, used by tankers carrying about a fifth of the world’s oil, following Iran’s seizure of a British-flagged ship in what London said was an act of “state piracy”.
The initiative won initial support from Denmark, France and Italy, three senior diplomats said on Tuesday.
EU-member Denmark is among the world’s biggest seafaring nations and home to the world’s biggest container shipping firm A.P. Moller-Maersk, which sails in the high-tension area.
“The Royal Danish Navy is strong and capable and would be able to contribute actively and effectively to this type of engagement,” said Danish Defense Minister Trine Bramsen.
A final decision would still need to be discussed in parliament.
On Thursday, the UK government said it was offering British-flagged ships traveling through the Strait of Hormuz a Royal Navy escort.
The Department for Transport said that if ships give advance notice of their plans they will be escorted by frigate HMS Montrose, either individually or in groups.
The escort is not compulsory, and Britain has limited naval resources in the region.
On Friday the Montrose arrived too late to prevent the tanker Stena Impero from being seized by Iran’s Revolutionary Guard forces.
Iranian President Hassan Rouhani suggested Wednesday that Stena Impero could be released if the UK takes similar steps to hand back an Iranian oil tanker seized by the Royal Navy off Gibraltar earlier this month.
Nothing justifies Iran’s piracy in the Gulf. Jeremy Corbyn – as night follows day – suggested the United States is partly to blame for Iran seizing a British-flagged tanker because the Americans walked away from the Iran nuclear deal. But Britain has not. Whatever one thinks of the deal – and this newspaper believes it to be a terrible mistake – the UK government remains in favour and has been trying to rescue it, so the Iranians have turned on one of the Western powers most sympathetic to their cause. Tehran rages mightily about the British seizure of an Iranian vessel at Gibraltar, but the situations are not comparable. That vessel is accused of trying to break sanctions by providing oil to Syria. The Iranians have targeted ships going about perfectly legal business.
Mr Corbyn’s attempt to blame this on tensions raised by the US doesn’t hold water – and given the paid work he’s previously done for an Iranian broadcaster, his objectivity is in question. No: Iran is a bloodthirsty dictatorship that oppresses women and religious and sexual minorities. It has exported terrorism. It is threatening already to break the nuclear agreement and, say some analysts, has been developing rocket technology that means when the deal finally comes to an end, it might be in an even stronger position. The issue isn’t Iran’s absolute responsibility for this crisis but why Britain wasn’t able to respond more swiftly and decisively.
Questions need to be asked. Why wasn’t the UK prepared for this eventuality, especially given that Iran has menaced vessels previously and hardliners explicitly threatened to take control of a British tanker in retribution for the Gibraltar raid? Why has Britain downgraded its fleet from having 35 frigates in 1982 to just 13 today? Could it prove necessary to run a convoy system in and out of the Gulf, to protect shipping? This will all cost more money, which is why it’s essential that the next prime minister spends more on defence. He also needs to review British foreign policy, as it’s clear that trying to play nice on the nuclear deal isn’t working. The United States has given up on Iran and, considering what’s just happened in the Gulf, understandably so. This is a rogue state. It should be treated as such.
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