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
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
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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
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