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Tag Archives: Sanctions

State Department unveils new global maritime advisory for shippers to avoid sanctions

North Korean vessels transfer coal to Lao Chuan Zhang 717 near Lianyungang port in Jiangsu province. (U.N. photo)

REUTERS, MAY 14, 2020 The United States Publishes a Global Maritime Advisory to Counter Sanctions Evasion by Iran, North Korea, and Syria WASHINGTON/LONDON – The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions …

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Tankers defer retrofits to cash in on record freight rates (We would too at these prices)

October 18, 2019, by Reuters By Roslan Khasawneh SINGAPORE, Oct 18 (Reuters) – Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalise on an unexpected surge in freight rates, three trade sources said. U.S. sanctions on subsidiaries of vast Chinese shipping fleet Cosco in September sparked …

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US Sanctions Russian Ships for Jet Fuel Deliveries to Syria

PortandTerminal.com, September 27, 2019 The Trump administration imposed sanctions Thursday against a Moscow-based firm and five vessels the Treasury Department said shipped fuel to Syria used to support the Assad regime’s bombing campaigns against civilians. WASHINGTON – The U.S. Department of the Treasury has announced new sanctions against Russian entities and vessels over their alleged involvement in “a sanctions evasion …

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U.S. Slaps Sanctions on COSCO Tanker Units

September 26, 2019 by Reuters The sanctions targeted COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian), along with Seaman & Ship Management Co. and a handful of other Chinese nationals and entities. By Humeyra Pamuk NEW YORK, Sept 26 (Reuters) – The United States is imposing new sanctions on certain Chinese entities and people who it accuses of knowingly transferring …

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U.S. Cracks Down on North Korean Oil Imports With New Sanctions

A suspected ship-to-ship oil transfer involving a North Korean tanker. Archive Photo: U.S. Treasury

August 30, 2019 by Bloomberg By Saleha Mohsin (Bloomberg) –The U.S. cracked down on illicit North Korean oil imports, sanctioning a handful of Taiwan- and Hong Kong-based companies for helping Pyongyang evade international restrictions on its petroleum trade. The Treasury Department said in a statement on Friday that North Korea has continued to use ship-to-ship transfers at sea to evade United Nations …

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Tankers do a vanishing act in Hormuz as tensions escalate

July 31 2019, by Bloomberg By Brian Wingfield and Julian Lee (Bloomberg) –Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important — and lately most dangerous — energy chokepoint: vanish from global tracking systems. Copying from Iran’s own playbook, at least 20 ships turned off their transponders while passing through …

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Brazil court orders Petrobras to refuel stranded Iranian grain vessels

Cargo ship moored at a dock

PortandTerminal.com, July 26, 2019 After Iran’s threatens to take its business elsewhere, Brazil’s Supreme Court orders its state-run oil company to refuel two Iranian vessels stranded at port due to lack of fuel. BRASILIA/RIO DE JANEIRO – Brazil’s top court on Thursday ordered state-run oil company Petrobras to refuel two Iranian grain vessels stranded on the Brazilian coast due to …

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U.S. imposes sanctions on Chinese company for buying Iranian oil

PortandTerminal.com, July 23, 2019 The dangerous geopolitical chess game in the Persian Gulf just got even more complicated. For the first time, the U.S. has imposed sanctions on a Chinese company for purchasing Iranian crude oil. WASHINGTON – The Trump administration said late on Monday it was targeting the Chinese company Zhuhai Zhenrong as part of its “maximum pressure” campaign …

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Here we go again. America gives Europe an ultimatum – do business with us or Iran.

PortandTerminal.com, June 30, 2019 The US special representative for Iran, Brian Hook, said yesterday that Europe has a choice: Do business with the United States, or do business with Iran. LONDON, ENGLAND – The Trump administration has given Europe an ultimatum — do business with Iran or do business with the United States. Brian Hook, U.S. Special Representative for Iran, …

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