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Sanctions

With the US administration's "maximum pressure" campaign continuing against Iran and sanctions placed on Venezuela we examine the impact of this sanctions and the pain of them on the shipping industry and wider implications for the maritime community including finance, insurance, law and government

Sanctions

Lloyd’s List Gothenburg summit will map a volatile 2020

Programme will include geopolitics, sanctions implications, the impact on trade patterns of shifting political balance, energy realignment, technological advances and fleet and fuel developments

US sanctions six tankers linked to PDVSA

Washington has said that it recognises opposition leader Juan Guaido as Venezuela’s legitimate president. It is using sanctions to force Nicolás Maduro from office

Shipping used to police sanctions, forum hears

Unilateral US bans on Iranian shipping, oil and petrochemical exports in place throughout 2019 have placed global shipping at the forefront of geopolitical unrest as companies and owners grapple with the trading and commercial implications

US sanctions Cuban firm for facilitating Venezuela’s oil trade

Washington has imposed sanctions on a number of Cuban companies for doing business with Caracas as part of its efforts to force Venezeula's president Nicolas Maduro out of office

Rosneft grapples with unsold Venezuelan crude as exports slump

Rosneft’s trading arm is vital to Venezuelan crude sales as Chinese refiners shun direct purchases since the US administration tightened sanctions in August. Instead Venezuela to China shipments arrive via Malaysia, through ship-to-ship transfers undertaken from Rosneft-controlled tankers

Britain reduces threat level for shipping in Strait of Hormuz

Britain has officially lowered its risk assessment for UK-flagged ships transiting the Strait of Hormuz. They will soon be able to proceed without naval accompaniment, according to the Department for Transport

US says Cosco is not untouchable

US Deputy Assistant Secretary of State warns the industry still has some way to go, despite progress in ensuring sanctions compliance

Tanker markets can look back on an extraordinary year

The pace and duration of further falls of VLCC-assessed rates will be tested by the global economic headwinds and revised oil demand forecasts

US-sanctioned Cosco tankers unit gets two months’ grace period to complete voyages

Tanker stocks were down about 2%-10% across the board after the note was issued by the US Treasury Department on Thursday

Cosco restructures LNG shipping business to avoid US sanctions

But the move has not perked up CSET’s share price on both the Shanghai and Hong Kong bourses

The Lloyd’s List Podcast: Asia’s trade outlook

The Podcast comes from Singapore this week, where Lloyd’s List hosted the Asia Trade Outlook Forum, casting a critical eye over the market trends shaping shipping business decisions in the next 12 months. Joining Lloyd’s List Editor Richard Meade to discuss the key takeaways from the forum are the Asia editorial team: Cichen Shen, Vincent Wee, Hwee Hwee Tan and Inderpreet Walia.

Cosco VLCCs wait for US waivers to discharge cargoes

Lloyd’s List Intelligence data shows that seven of the VLCCs are still loaded with cargoes. This information is based on the latest AIS-signalled draught levels

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Lloyd's List Sanctions
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