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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

Daily Briefing October 18 2021

FrontNav — a tanker giant 20 years in the making? | Don’t scapegoat shipping for the world’s just-in-time jitters | Container rates suppressed, but not depressed | The Lloyd’s List Podcast: The evolving risk of subterfuge shipping

The Lloyd’s List Podcast: The evolving risk of subterfuge shipping

As scrutiny of the subterfuge shipping fleet skirting sanctions to deliver blocked cargoes has intensified, the tactics being deployed by the murkier end of the maritime sector have rapidly evolved. This week’s edition of the podcast peers behind the increasingly complicated network of opaque tactic and institutions being set up to obfuscate sanctions evasion at sea. Featuring insights from: BIMCO, Lloyd’s List Intelligence, sanctions expert Michelle Wiese Bockmann and C4ADS, a non-profit group that investigates how data impacts security and international conflicts

UN calls for more robust monitoring of subterfuge shipping

UN Security Council Panel investigating North Korean maritime sanctions recommends that class, flag states and shipyards need to beef up security monitoring and compliance procedures to clamp down on increasingly sophisticated subterfuge shipping activity

Daily Briefing October 4 2021

Venezuela expands deceptive shipping practices to bolster Asia crude exports | The BDI: Back to 2008, but in a good way | Do the economics of carrying boxes on bulkers stack up?

Venezuela expands deceptive shipping practices to bolster Asian crude exports

Tankers purchased this year linked together by a complicated web of cargo transfers and managing companies, with many formerly owned by Greek shipowners

Scrapping of tankers in sanctioned oil trading questioned

Tankers were part of vintage subterfuge fleet of some 160 vessels engaged in shipping Iranian and Venezuelan crude

IMO ‘defrauded’ by North Korea vessel identity laundering scheme

The UN agency is reviewing claims that IMO numbers are being issued for ships that don’t exist

PB Tankers ‘back from brink’ after sanctions delisting

Things got so bad suppliers declined to deliver fresh food to ships at anchorage, for fear of being sanctioned for doing business with a sanctioned entity, says Ince senior partner Julian Clark

Chinese counter-sanctions seen as shipping's next big risk

Rising tension between the US and China could again place international shipping at the apex of extra-territorial sanctions and conflict between the two countries

Sanctions under Biden: still inconsistent, still ambiguous, still in place

Two and a half years after the US imposed sanctions on Iran and Venezuela’s oil and shipping sectors, implementation remains both haphazard and ineffectual

Iran and Venezuela crude shipments distorting global oil trade, says Frontline

Most of global tanker fleet is earning unsustainable, negative rates as sanctions-busting shipments scale up

West of England P&I paid abandoned crew on Iran-linked blacklisted tanker

US sanctioned the Liberia-flagged very large crude carrier Oman Pride four weeks after its crew abandonment case was resolved

Lloyd's List Sanctions
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