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Strait of Hormuz

With the seizure of the Adrian Darya 1 (formerly Grace 1) by Gibraltar the Iranian government responded by seizing the UK flagged Stena Impero. With US administration's "maximum pressure" campaign continuing against Iran tension within the region continues to rise. Trade treads carefully with risk to seafarers and increased premiums against a backdrop of geopolitics

Hot Topic one stream

Uncertainty over Iran gasoline export ships

‘Most shipowners have long since decided that Iran is an area they don’t want to be involved in. And if the trade is sanctionable or unlawful, we’re not going to go anywhere near it, either,’ says P&I lawyer

Iran accused of running shipping network to avoid US sanctions

‘Persons embedded within the shipping industry’ keep Iranian oil moving by organising vessel insurance and registration, court documents argue


Iranian and Venezuelan bank notes. Mc_Cloud/Shutterstock.com
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

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

Why the Adrian Darya 1 saga is an issue for the whole industry

The saga of the Adrian Darya 1, now expected to deliver its cargo of 2m barrels of Iranian crude to Syria in direct contravention of its release agreement, is an embarrassing political episode, but it should not be written off by shipping as an anomalous example of deceptive political posturing — there is a risk to the wider industry that must be addressed

Iran Sanctions Tankers and Gas

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Uncertainty over Iran gasoline export ships

‘Most shipowners have long since decided that Iran is an area they don’t want to be involved in. And if the trade is sanctionable or unlawful, we’re not going to go anywhere near it, either,’ says P&I lawyer

Iran Law

Iran accused of running shipping network to avoid US sanctions

‘Persons embedded within the shipping industry’ keep Iranian oil moving by organising vessel insurance and registration, court documents argue

Iran United States

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

Tankers and Gas Sanctions

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

Venezuela US States

Pompeo declares end to ‘generous delay’ of sanctions against Iranian ships

Two tankers on the list — Clavel and Petunia — recently delivered Iranian gasoline to Venezuela in violation of sanctions on both countries

International Iran

West Africa now global hub for clean floating storage

Volumes in storage off West Africa have surpassed those seen off Southwold on the UK’s east coast, which until now has been viewed as the Atlantic’s largest floating storage hub

Middle East and Africa Iran

Panama-flagged LPG carriers investigated for Iran shipments

The eight vessels have been tracked shipping liquefied petroleum gas to China and India during the past year. Five under investigation have reflagged to Panama after being deregistered by Liberia

North America Panama

Tanker owners and insurers cautious about US sanctions guidance

The May 14 guidance was focused on US or United Nations sanctions against Iran, Syria and North Korea, but its first application was on Venezuelan shipments made by four Greek tanker owners

North America United States

Iran gas tankers arrive at Venezuela

Despite US threats to prevent the shipments, the voyages were unimpeded, with a Venezuelan naval escort for each tanker as it entered the country’s territorial waters

South America Venezuela
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