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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

US tightens sanctions net on Iran's petrochemical sector

The US has been tightening the sanctions net on the Islamic Republic since April 2019 when President Donald Trump announced the designation of Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organisation

Flag registries drop Iran-linked ships amid sanctions scrutiny

Flag-shopping is one strategy to evade scrutiny used by about 40 tankers and gas carriers shuttling crude, fuel oil and LPG to China and Syria via ship-to-ship transfers and off-the-radar shipments

Iran’s flag-shopping fleet drags registries into sanctions net

Registries and flag administrations can expect the US authorities to pay close attention to anything that gives off the impression of circumventing the Trump administration’s attempt to strangle Iran’s trading power

Russian diluent heads for Venezuela via Gibraltar STS

Vessel tracking shows that state-owned Russian oil company Rosneft is supplying diluent via multiple ship-to-ship transfer shipments and voyages in which vessels ‘go dark’

US expands Iranian sanctions

Sectors identified for additional sanctions — including construction, manufacturing, textiles and mining — had already been targeted as a means to plug gaps in the existing sanctions regime

Japan reports suspected illegal North Korean oil transfer

Nam San 8 was involved in another suspected illegal ship-to-ship transfer case in July 2018 and has been listed as sanctioned

Yamal LNG starts transhipping at Zeebrugge

Novatek touts the transhipment hub at Zeebrugge as improving the reliability of its exports from Yamal LNG to Asia and Europe

Lloyd’s List Executive Meeting to bring together leaders and analysts

The Executive Meeting will be held on January 16, 2020 and attendance is limited. Delegate pricing of €525 will be discounted for early-bird registration before December 31.

From the News Desk: Cosco’s Christmas present, funding decarbonisation and a podcast alphabet soup

Christmas has come early for Cosco as the latest US government decision on sanctions should provide a boost to China’s largest shipowner, while Greece-based shipowners are singing the praises of plans for industry decarbonisation

US renews waiver on Cosco tanker unit hit by sanctions

Chinese analyst says the new waiver has raised questions about whether the three Chinese oil majors — PetroChina, Sinopec and CNOOC — will be able to re-exercise their shipping contracts signed with Dalian Tanker before September 25

Increased US oil exports and Iranian sanctions alter Suez trade patterns

The Suez Canal is gaining importance as a southbound route for US and Russian crude oil and petroleum products heading to destinations in Asia and the Middle East

Ventspils port calls risk breaching US sanctions

The Latvian port is a key Baltic distribution point for middle distillates such as diesel and gasoil as well as other refined products shipped to northwest Europe and West Africa

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Lloyd's List Sanctions
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