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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

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US tightens sanctions net on Iran's petrochemical sector
The US has been tightening the sanctions net on the Islamic Republic since April 2019 when President Donald Trump announced the designation of Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organisation
South Korea to send forces to Strait of Hormuz

The expansion of the unit’s sphere of activity is to guarantee safety of South Koreans and freedom of navigation of vessels, says South Korea’s defence ministry

Renaming Grace 1 at Gibraltar
Flag registries drop Iran-linked ships amid sanctions scrutiny

Flag-shopping is one strategy to evade scrutiny used by about 40 tankers and gas carriers shuttling crude, fuel oil and LPG to China and Syria via ship-to-ship transfers and off-the-radar shipments

Iran’s flag-shopping fleet drags registries into sanctions net

Registries and flag administrations can expect the US authorities to pay close attention to anything that gives off the impression of circumventing the Trump administration’s attempt to strangle Iran’s trading power

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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US tightens sanctions net on Iran's petrochemical sector

The US has been tightening the sanctions net on the Islamic Republic since April 2019 when President Donald Trump announced the designation of Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organisation
US States Iran

South Korea to send forces to Strait of Hormuz

The expansion of the unit’s sphere of activity is to guarantee safety of South Koreans and freedom of navigation of vessels, says South Korea’s defence ministry

Tankers and Gas Piracy and Security

Flag registries drop Iran-linked ships amid sanctions scrutiny

Flag-shopping is one strategy to evade scrutiny used by about 40 tankers and gas carriers shuttling crude, fuel oil and LPG to China and Syria via ship-to-ship transfers and off-the-radar shipments

Sanctions Tankers and Gas

Iran’s flag-shopping fleet drags registries into sanctions net

Registries and flag administrations can expect the US authorities to pay close attention to anything that gives off the impression of circumventing the Trump administration’s attempt to strangle Iran’s trading power

Middle East and Africa Iran

Moves to reduce tensions along Middle East shipping lanes

S&P Global Ratings said it would ‘closely monitor the potential long-term effect of the geopolitical tension in the region and the subsequent impact on the insurers’ business risk and financial risk profiles’

Australia Japan

US expands Iranian sanctions

Sectors identified for additional sanctions — including construction, manufacturing, textiles and mining — had already been targeted as a means to plug gaps in the existing sanctions regime

Iran United States

Saudis defy global safety shipping rules to switch off AIS for Hormuz transits

P&I Clubs, including those that provide cover for Bahri, have warned that switching off AIS could invalidate insurance

Tankers and Gas Bahri

The Lloyd’s List Podcast: Is shipping at risk from Iran?

Shipping has once again been left with the threat of getting caught in the crossfire of escalating tensions in the wake of the US killing of Iranian general Qasem Soleimani. Joining the Podcast this week to discuss the risk assessment for shipping in the Strait of Hormuz are Bimco’s head of safety and security Jakob Larsen and Senior Maritime Analyst at Control Risks, Cormac Mc Garry

Lloyd's List The Shipping Podcast Political Risk and Trade

Rocket attack in Baghdad hits tanker shares

The rocket attack that unsettled the New York Stock Exchange on Wednesday clearly indicates that hostilities between the US and Iran are hardly over. Investors had no doubt of that, and the adverse effects on tanker shares showed it 

Iraq United States
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