POLARIS 1

The tanker is involved in the transportation of tens of thousands of metric tons of NIOC fuel oil. The National Iranian Oil Company (NIOC) is one of the largest oil and gas companies in the world and is controlled by the Iranian Ministry of Oil. NIOC and its subsidiaries explore, produce, transport, process and export oil and natural gas in Iran. Petroleum revenues provide the Iranian regime with resources to finance its nuclear program, develop modern drones and missiles, and provide ongoing financial and material support for the terrorist activities of its regional proxies.
On March 13, 2025, USA imposed sanctions on Fallon Shipping Company Limited (Seychelles) and Aren Ship Management (Bangladesh), which are the owner and manager of the tanker, respectively, in connection with their activities in the petroleum sector of the Iranian economy.
On March 13, 2025, USA imposed sanctions on the tanker as a property in which Fallon Shipping Company Limited has an interest.