Swedish owner of oil tanker held by Iran: ship has not moved

Image
AP Copenhagen
Last Updated : Sep 24 2019 | 8:00 PM IST

The head of the Swedish shipping firm that owns the British-flagged oil tanker held by Iran since July said Tuesday the Stena Impero was still in Iranian waters, a day after Iran said the vessel was free to move.

Erik Hanell, CEO of Stena Bulk, told The Associated Press that "we know nothing as to why she is still there." On Monday, Iranian government spokesman Ali Rabiei told journalists that legal proceedings against the tanker had ended. The Stena Impero has been kept in the Iranian port of Bandar Abbas since July 19.

"Based on a friendly approach that allows forgiving mistakes, ground for freedom of the tanker has been paved and it can move," Rabiei said.

Iran seized the tanker in the Strait of Hormuz, the narrow mouth of the Persian Gulf through which 20 per cent of the world's oil passes. The raid saw commandos rappel down onto the vessel via helicopter carrying assault rifles, dramatic images later replayed on state television.

Earlier this month, Iran released seven of the ship's crew members. Sixteen remain on board.

The seizure came after authorities in Gibraltar seized an Iranian tanker carrying USD 130 million in crude oil on suspicion of it breaking European Union sanctions on Syria.

Gibraltar later released the tanker, then called the Grace 1, after it said Iran promised the ship wouldn't go to Syria. That ship, renamed the Adrian Darya 1, now sits off the Syrian coast, angering Britain. Iran hasn't said who purchased its 2.1 million barrels of crude oil.

The ship seizures came after months of heightened tensions in the Persian Gulf, sparked by President Donald Trump's decision over a year ago to withdraw from Iran's nuclear deal with world powers and impose crippling sanctions on its vital oil trade. Iran since has begun breaking terms of the deal.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 24 2019 | 8:00 PM IST

Next Story