Tanker Pacific is the largest privately owned tanking fleet globally.
[Bloomberg: Idan Ofer](_blank)
/ref> Founded in 1989, it is headquartered in Singapore
Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
and owned by London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
-based Israel
Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...
i businessman Idan Ofer. The company was under US sanctions for docking at Iran
Iran, officially the Islamic Republic of Iran (IRI) and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the nort ...
ian ports from 2011 to 2013.
History
Tanker Pacific was founded in 1989 by Israeli billionaire heir Idan Ofer.[Bloomberg: Tanker Pacific](_blank)
/ref> Its headquarters are located in the Millenia Tower in Singapore.Aframax
An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract ...
es, and Medium Range vessels.[Tanker Pacific: Welcome to Tanker Pacific](_blank)
It employs a workforce of 3,000 on board their tankers and 106 in their offices.Hillary Clinton
Hillary Diane Rodham Clinton ( Rodham; born October 26, 1947) is an American politician, lawyer and diplomat. She was the 67th United States secretary of state in the administration of Barack Obama from 2009 to 2013, a U.S. senator represent ...
imposed sanctions on the company, accusing them of violating U.S. sanctions against Iran by docking at Iranian ports.[Seven Companies Sanctioned Under the Amended Iran Sanctions Act](_blank)
United States Department of State, May 24, 2011 ''Haaretz
''Haaretz'' (; originally ''Ḥadshot Haaretz'' – , , ) is an List of newspapers in Israel, Israeli newspaper. It was founded in 1918, making it the longest running newspaper currently in print in Israel. The paper is published in Hebrew lan ...
'', a left-wing Israeli newspaper, revealed that thirteen vessels had docked at Iranian ports over the past decade.[Isabel Kershner]
Sammy Ofer, Magnate and Israeli Power Broker, Dies at 89
''The New York Times'', June 4, 2011 In response, they denied flouting any laws, explaining that they did dock at Iranian ports on their way to other destinations to reach international buyers, but did not sell anything to Iranian buyers.[Tanker Pacific: Ships docked in Iran were legal](_blank)
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world.
The agency ...
, May 29, 2011[Ora Coren]
Ofers deny U.S. charge of selling tanker to Iran
''Haaretz'', May 25, 2011 The sanctions meant that they were "barred from securing financing from the Export-Import Bank of the United States, from obtaining loans over $10 million from U.S. financial institutions, and from receiving U.S. export licenses."
U.S. Department of the Treasury, 4/15/2013
References
Shipping companies of Singapore
Transport companies established in 1989
1989 establishments in Singapore
Sanctions against Iran
Ofer family
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