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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

Moscow raises the stakes over US sanctions on oil firm

The move effectively extracts Rosneft from the grip of US sanctions

US sanctions more maritime companies for Iran trade

State Department sanctions Aoxing Ship Management and Hong Kong-based Sea Charming Shipping Company for trade with Iran

US imposes sanctions on Russian firm, but offers to lift them from Swedish company

Ofac appears to have assured specialty products refiner Nynas, which is a 50:50 joint venture between Finland’s Neste Oil and PDVSA, that it is to be removed from sanction designation

China helps North Korea bypass UN coal sanctions

Analysts say the ‘large scale effort’ to evade UN Security Council resolutions is occurring ‘only kilometres’ from one of China’s most important naval facilities and the home of its East Sea Fleet

From the News Desk: China is key to the impact coronavirus has on shipping

Analysts are still crunching the numbers when it comes to the full impact of coronavirus, but the signals so far are for a bleak short term, with the potential for prospects to brighten in the coming months depending on the ‘shape’ of China’s economic recovery

Rosneft sanctions leave oil trader’s Venezuela VLCC fleet stranded

Shipping company owned by former Glencore executive swiftly moves to close down operations related to Venezuela

Open for business: Shipping’s transparency revolution

The colour chart of opaque business practice in shipping comes in an endless range of hues, but a combination of security, financial and regulatory forces have systematically hoisted the industry’s corporate veil and are forcing the industry’s hand into becoming more transparent and accountable

Sanctioned Iranian fuel oil shipping from Iraq

About 2.1m tonnes of dirty cargoes was loaded from the offshore port limit of the Iraqi port in January, Lloyd’s List Intelligence data shows

Venezuela crude exports going ‘dark’ as US imposes sanctions on Rosneft

Rosneft Trading has taken over most of the marketing of Venezuelan crude over the last nine months with oil supplied in return for loan repayments, and subsequent sales brokered with India and China

Gabon deflags Iranian tanker

Large gaps in a tanker’s automatic identification signal in areas and over periods where it could have called in Iranian waters remain unaccounted for. Its flag registry has decided to de-flag the vessel

Ask the Analyst: Compliance comes to the fore

Sebastian Villyn discusses scrubbers and sanctions in the first of our new regular analyses provided by the team of experts at Lloyd’s List Intelligence on the issues shaping shipping

North Korea continues coal exports to China despite sanctions

The US has reported that between January 1 and October 31 last year, Pyongyang exceeded its United Nations-imposed cap on annual imports of refined petroleum

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Lloyd's List Sanctions
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