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Sanctions

With the US administration's "maximum pressure" campaign continuing against Iran and sanctions placed on Venezuela undeterred since the arrival of President Biden, Lloyd’s List examines their impact and the pain placed on the shipping industry, while addressing the wider implications for the maritime community including finance, insurance, law and government

First Iran-Russia US-sanctioned crude cargo discharged in Black Sea

Aframax tanker Blue Sea seen sailing from Black Sea in ballast after nearly two months at anchor off key Russian exporting port of Novorossiysk

Three tankers with unknown class, flag and insurance shipped 10% of Iran-China crude

Updated: West of England P&I also cancels cover for another tanker identified by United Against Nuclear Iran as undertaking the most ship-to-ship transfers of Iran crude in 2021

Bunker Holding verdict highlights shipping’s sanctions compliance risk

The judgment against Bunker Holding, its subsidiary Dan-Bunkering and its CEO Keld R. Demant offers a warning to shipping companies and the need to check downstream links to avoid sanctions compliance culpability. ‘It is no longer sufficient to screen trades against direct counterparties,’ warns convicted bunker giant

Malaysia arrests tugs towing tanker linked to North Korea trade

The Vietnamese tanker was probed by the UN Security Council for illicit shipping practices involving sanctioned oil trade to North Korea in February 2019

Will supply and demand fundamentals stem billions of dollars in losses for the tanker sector?

After losing bigtime in a depressed market this year, the global fleet of some 15,000 tankers trading internationally is looking at signals for a better 2022

Daily Briefing November 17 2021

Cameroon flag registry in fresh links to Iran oil trading | Singapore extends programme to vaccinate foreign seafarers | Rising oil supplies underpin tanker freight rates upturn, says IEA

Cameroon flag registry in fresh links to Iran oil trading

Roza is one of 18 Cameroon-flagged tankers tracked in US-sanctioned Venezuela and Iran trades

Tanker owners look to Iran sanctions lifting for market recovery

Tankers engaged in ‘shady’ shipments expected to be scrapped post-sanctions

Iran confirms tanker seized as it thwarts US ship ‘hijack’ in Oman Sea

US and Iran naval forces report tensions in waters surrounding key Strait of Hormuz oil transit area

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

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Lloyd's List Sanctions
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