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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

Hot Topic one stream Company News

Adrian Darya 1
Greece will not assist Iranian tanker, says minister

The US State Department maintains the tanker is assisting the Islamic Revolutionary Guard Corps by transporting oil to Syria

Grace 1 off Gibraltar
Freed tanker leased to Iranian shipping company

The US has issued a warrant to seize the vessel, formerly known as Grace 1, claiming it has links to Iran’s Revolutionary Guards, which it designates as a terrorist organisation

HMS Duncan
Australia joins US-led Strait of Hormuz coalition

Destabilising behaviour is a threat to Australia’s interests in the region, the Australian prime minister reiterates amid spate of attacks on international shipping in the region in recent months

 

Stena Impero and Iranian speedboat
Focus shifts to release of Stena Impero after Iranian tanker freed

‘Now the US has issued an arrest warrant for the Grace 1, we don’t know if this will screw things up, but Iran continuing to hold a Brit tanker would seem a bit off-colour. We’re concentrating on crew well-being and health,’ said a person aware of the situation

Widening sanctions leaves Ofac open to ridicule

The US administration has sent a message to tanker owners and operators now legally shipping Venezuelan crude beyond the reach of US sanctions that they could yet be drawn into the Ofac net

International Venezuela Cuba

Comply with Sanctions

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Australia joins US-led Strait of Hormuz coalition

Destabilising behaviour is a threat to Australia’s interests in the region, the Australian prime minister reiterates amid spate of attacks on international shipping in the region in recent months

 

Middle East and Africa Tankers and Gas

Iran warns US not to seize freed tanker headed towards Greece

Tehran warns any attempt by the US to seize the Adrian Darya 1 — formerly Grace 1 — again will be met with ‘heavy consequences’

Middle East and Africa EU

Iranian tanker leaves Gibraltar after US legal move is rejected

LATEST: Oil tanker Grace 1, which has been renamed Adrian Darya 1, is moving east into the Mediterranean and is headed for Kalamata in Greece, according to reports

Tankers and Gas Sanctions

Seized UK tanker likely ‘spoofed’ by Iran

Analysis of AIS data by Lloyd’s List Intelligence shows for the first time that Stena Impero fitted the pattern for a spoofing attack when it was seized by the Islamic Revolutionary Guard Corps on July 19

Middle East and Africa Tankers and Gas

Gibraltar orders release of Iranian tanker

UPDATED: Court rules that Grace 1 tanker seized last month is free to leave, however no movement on detention of Stena Impero detained in Iran. UK Foreign Office says: There is no comparison or linkage between Iran’s illegal seizure of, and attacks on, commercial shipping and the enforcement of EU Syria sanctions by the Government of Gibraltar. "Freedom of navigation for commercial shipping must be respected and international law upheld".
Europe Gibraltar

UPDATED: Sanctions-busting tanker de-flagged by St Kitts & Nevis registry

Bonita Queen’s movements follow a similar pattern of behaviour used by other Chinese-owned or Iranian-controlled ships to avoid detection and obfuscate the origin and destination of transported Iranian oil

Middle East and Africa Tankers and Gas

UPDATED: Iran says UK may release Grace 1 oil tanker

The IRNA news agency, citing the deputy head of Iran’s ports and maritime organisation, Jalil Eslami, said Britain was interested in releasing the vessel after the documents were exchanged

Europe Gibraltar

South Korea eyes support for US-led coalition in Strait of Hormuz

Although South Korean authorities say there is no plan to join a US-led coalition, observers note that additional parliamentary approval for the anti-piracy unit to join the coalition is not required if the number of personnel remains the same. The Gulf of Aden is just a four-day sail away from the Strait of Hormuz

Middle East and Africa Tankers and Gas

Viewpoint: No summer holidays here

The spotlight on the Strait of Hormuz has exposed the severe limitations on the Royal Navy’s ability to protect merchant shipping and the vulnerability of ships on passage in this important waterway

International Piracy and Security
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Lloyd's List Sanctions
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