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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


Shipping joins banking on front line of sanctions enforcement

‘The industry has been put on notice that Ofac and OFIS are looking closely at it,’ argue Clyde & Co partners Murphy and Keough

UK shipping sanctions guide shows closer alignment to US

‘The guidance identifies a number of illicit and suspicious shipping practices that look remarkably similar to those of Ofac,’ says Reed Smith

Vessel linked to Iran has been ‘hijacked’

The charity said the crew were home safe but did now say how they left the UAE.

Charity raises alarm over ‘missing’ ship linked to Iran

The ship’s last AIS signal was eight days ago and the charity fears for its crew’s welfare

From the News Desk: US ‘stick-and-carrot’ approach to sanctions reaps dividends

The relatively swift removals of the vessels from the Ofac blacklist will have underlined the upside to co-operating fully with US sanctions, according to observers

Greek tankers abort Venezuela trade as US moves to seize cargoes

The owner of four tankers alleged to be carrying Iranian gasoline for Venezuela has spoken of his dismay at how the vessels became embroiled in US sanctions. ‘We are not going to break sanctions and we will obey the law,” Capt George Gialozoglou tells Lloyd's List

US acts to seize cargoes on four Venezuela-bound Iranian tankers

The four vessels have turned off their identification systems since May and their whereabouts are unknown, but it is unclear how they might be seized unless they enter US territorial waters

Greek tankers removed from Venezuela blacklist

Four companies benefit — Thenamaris, NGM Energy, Chemnav and Eurotanker

Marinakis' sanctions battle with Venezuelan shipping magnate revealed

Caracas Capital Markets, a US-based investment firm that tracks Venezuela sanctions links, used vessel-tracking data and court documents filed in Houston to detail subterfuge and obfuscation

The week in charts: Twelve-year highs for dry FFA volumes; tanker rates tumble

Freight derivative volumes exceeded 65,000 lots last week, the highest level seen since the height of the financial crisis in 2008, while tanker earnings have seen a sharp fall as crude exports decline and rising Latin American coronavirus cases dent a bounceback in demand

Russian aframax tanker ‘goes dark’ to load Venezuela crude

A total of 28 tankers are laden with Venezuelan crude and either in floating storage or are sailing have yet to discharge, according to Lloyd’s List Intelligence data

Iranian seafarers face US sanctions for Venezuela trade

US Treasury Secretary Steven Mnuchin says Iran's support for the 'authoritarian and corrupt regime in Venezuela' is unacceptable

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Lloyd's List Sanctions