Bloomberg News

Iran Tanker Signals Shell Mooring in Singapore as Destination

March 02, 2012

An Iranian oil tanker off Singapore is signaling a mooring point near Royal Dutch Shell Plc (RDSA)’s refinery complex on Bukom Island as its next destination, according to data from AISLive compiled by Bloomberg.

The Delvar, a very large crude carrier owned by the National Iranian Tanker Co., has been moored in the Singapore Strait since Feb. 26, the data show. It is signaling Shell Bukom SPM, referring to a single-point mooring where ships load or unload. Destination data are usually entered by ships’ officers and are sometimes subject to errors. Mich Villar, a spokeswoman for Shell in Manila, said the company doesn’t comment on trading, in an e-mailed response to questions.

Pulau Bukom is Shell’s largest refinery, with a crude- processing capacity of 500,000 barrels a day. The Delvar is sitting 15.5 meters (50.9 feet) deep in the water, compared with a maximum draft of 22.2 meters, according to data compiled by Bloomberg. VLCCs can carry about 2 million barrels of crude oil or refined products.

The ship stopped near the Indonesian island of Karimun on Feb. 23 with a draft of 19.7 meters before moving to the Singapore Strait, according to data compiled by Bloomberg. The area is sometimes used to transfer cargoes between vessels.

Iran faces a European Union embargo on the purchase, transportation, financing and insurance of its oil from July 1 because of its nuclear program. The Delvar hasn’t violated United Nations Security Council law or local regulations, the Maritime and Port Authority of Singapore said Feb. 29.

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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