Mystery $15m Iran Shipment Exposes Australian-owned Firm to Sanctions Threat

August 15, 2019

Author: 

Christopher Knaus

Publication: 

The Guardian

Related Country: 

  • Australia
  • China
  • Hong Kong

An Australian corporation involved in the transport of an estimated $10-$15 million worth of urea fertilizer from Iran to China may have breached U.S. sanctions. The cargo ship CS Future departed Iran’s Bandar Abbas port on July 1 carrying “urea in bulk,” according to vessel inspection reports. Online vessel trackers showed the ship travelling through the Middle East, including a stop in Oman, before arriving at Lianyungang, China on July 25. The cargo was then reloaded onto a second cargo ship, the Bulk Aquila, which is operated by the Hong Kong-based Quantum Fertilizer, a subsidiary of Australia-based Incitec Pivot. Leaked video from the Lianyungang port confirmed the transfer. Quantum Fertilizer claimed that it was “misled about the origin of the product” and that its Chinese supplier gave assurances that the cargo was of Chinese origin. Internal documents, however, suggest that Quantum knew the cargo arrived via the CS Future. Quantum announced that Bulk Aquila is offloading the cargo at China’s Yantai port with independent inspectors present.