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Sanctions News

US Lifts Sanctions against Cosco DalianUS Lifts Sanctions against Cosco DalianThe United States lifted its sanctions against Cosco Shipping Tanker (Dalian) Co, a unit of Chinese shipping major Cosco Shipping Corporation, which were imposed last year over imports of Iranian oil.03 February 2020 Monday 12:14
US Blacklists Chinese Ship owner in New Sanctions against IranUS Blacklists Chinese Ship owner in New Sanctions against IranThe Trump Administration has issued a new wave of sanctions against Iran following the escalation of tensions in the region and retaliatory missile attacks launched last week against U.S. military bases in Iraq.13 January 2020 Monday 15:10
Petrobras Staying Clear from Strait of Hormuz for NowPetrobras Staying Clear from Strait of Hormuz for NowBrazilian state-controlled oil and gas company Petroleo Brasileiro SA (Perobras) said on Wednesday that its ships will avoid transit through the Strait of Hormuz amid escalating tensions in the region.09 January 2020 Thursday 15:38
US Gives More Time to Companies to Wind Down Dealings with Cosco DalianUS Gives More Time to Companies to Wind Down Dealings with Cosco DalianThe U.S. Treasury Department has extended the deadline to companies that deal with COSCO Shipping Tanker (Dalian) to wind down their transactions with the company and its units, pushing the target time to February 4, 2020.23 December 2019 Monday 17:30
Trump signs defence spending bill imposing sanctions on TurkeyTrump signs defence spending bill imposing sanctions on TurkeyU.S. President Donald Trump has signed a defence bill, which imposes sanctions on Turkey over Ankara’s decision to acquire Russian S-400 missile systems, U.S. Department of Defense announced on Twitter.21 December 2019 Saturday 16:14
US Gov’t Confirmed as Owner of Seized North Korean BulkerUS Gov’t Confirmed as Owner of Seized North Korean BulkerThe US Department of Justice has announced the entry of a judgment of forfeiture regarding Wise Honest, a North Korean bulk carrier which allegedly violated the US sanctions.23 October 2019 Wednesday 10:51
Yamal LNG Carrier JV No Longer Subject to US SanctionsYamal LNG Carrier JV No Longer Subject to US SanctionsSix ice class LNG carriers, owned by Teekay LNG’s 50/50 joint venture with China LNG, are no longer subject to U.S. sanctions.23 October 2019 Wednesday 09:56
COSCO Tankers Go Dark Amid U.S. SanctionsCOSCO Tankers Go Dark Amid U.S. SanctionsOct 9 About one-third of the oil tankers owned by COSCO Shipping Tanker(Dalian)have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.10 October 2019 Thursday 12:00
Blow for Iran as Chinese oil group pulls out of flagship gas field projectBlow for Iran as Chinese oil group pulls out of flagship gas field projectChinese oil company CNPC has withdrawn from Iran’s flagship hydrocarbons project in a further blow to the Islamic republic’s economy, which has been hammered by US sanctions.08 October 2019 Tuesday 10:41
Sanctions good for tankers as VLCC rates skyrocketSanctions good for tankers as VLCC rates skyrocketSanctions are not something generally seen as good for shipping, as they usually impede free trade, but the latest US sanctions against Cosco for carrying Iranian oil have caused the VLCC market to skyrocket.07 October 2019 Monday 10:24
COSCO Sanctions Send U.S. to Asia Tanker Rates to Record HighCOSCO Sanctions Send U.S. to Asia Tanker Rates to Record HighFreight rates for U.S. crude tankers bound for Asia hit an all-time high on Wednesday as U.S. sanctions on a Chinese transport giant cut vessel availability, traders and shipbrokers said.03 October 2019 Thursday 09:18
US Sanctions Russian Ships for Jet Fuel Deliveries to SyriaUS Sanctions Russian Ships for Jet Fuel Deliveries to SyriaThe U.S. Department of the Treasury has announced new sanctions against Russian entities and vessels over their alleged involvement in “a sanctions evasion scheme” to transport jet fuel to Russian forces operating in Syria.27 September 2019 Friday 17:19
China’s Unipec Scoops Up Charters as U.S. Sanctions COSCO TankersChina’s Unipec Scoops Up Charters as U.S. Sanctions COSCO TankersChina’s Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China’s COSCO, three shipping sources said on Thursday.27 September 2019 Friday 14:23
US Sanctions COSCO Companies over Iran TradeUS Sanctions COSCO Companies over Iran TradeThe U.S. Department of the Treasury has sanctioned a total of six Chinese companies, including COSCO subsidiaries, over alleged breaches of U.S. sanctions on Iran.26 September 2019 Thursday 13:20
US Sanctions Four More Vessels for Venezuela TiesUS Sanctions Four More Vessels for Venezuela TiesFour more companies and four tankers have been sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for moving Venezuelan oil to Cuba.25 September 2019 Wednesday 13:0
US Blacklists “Oil-for-Terror” Shipping NetworkUS Blacklists “Oil-for-Terror” Shipping NetworkThe United States has blacklisted an “oil-for-terror” shipping network allegedly directed by the Islamic Revolutionary Guard Corps (IRGC) for providing millions of dollars worth of oil to Syria.05 September 2019 Thursday 14:52
U.S. Blacklists Oil Shipping Network Allegedly Run by Iran Revolutionary GuardsU.S. Blacklists Oil Shipping Network Allegedly Run by Iran Revolutionary GuardsU.S. Blacklists Oil Shipping Network Allegedly Run by Iran Revolutionary Guards05 September 2019 Thursday 09:29
Iranian oil tanker pursued by US off the coast of SyriaIranian oil tanker pursued by US off the coast of SyriaDUBAI, United Arab Emirates (AP) — An Iranian oil tanker pursued by the U.S. across the Mediterranean Sea slowed to a near-stop Sunday off the coast of Syria, where America's top diplomat alleges it will be unloaded despite denials from Tehran.02 September 2019 Monday 11:52
The Growing Need to Reverse Declining Caspian Sea LevelsThe Growing Need to Reverse Declining Caspian Sea LevelsDuring the mid-1970s, water levels in the inland Caspian Sea dropped to record lows before steadily rising until mid-1990s. Since 1995, water levels began to steadily decline by seven centimeters per year.18 November 2018 Sunday 10:58
Turkish Company Operates The Iranian Ships Under EmbargoTurkish Company Operates The Iranian Ships Under EmbargoAmid sanctions against Islamic Republic of Iran, 4 containerships which are operated by Istanbul Maritime and Marine Transportation, have been revealed on the list that has been announced by US Department of The Treasury.12 November 2018 Monday 17:51
North Korean Workers Sues Dutch Shipbuilder for Slave-Like ConditionsNorth Korean Workers Sues Dutch Shipbuilder for Slave-Like ConditionsA North Korean labourer is suing a European shipbuilding firm for allegedly profiting from his slavery.09 November 2018 Friday 09:26
Iran Uses Ghost Tankers Against US SanctionsIran Uses Ghost Tankers Against US SanctionsAnalysts at a watchdog that monitors global oil shipments have revealed that they have been utterly exhausted from trying to track Iran’s oil exports amid a looming US embargo on the petrochemical sector.06 November 2018 Tuesday 15:00
Iran Sanctions Threaten India's Plans for Chabahar PortIran Sanctions Threaten India's Plans for Chabahar PortIndia's proposed $500 million investment at the port of Chabahar has already been delayed by negotiations over terms, but it now faces a larger threat: the reimposition of U.S. sanctions on Iran.17 August 2018 Friday 11:30
Port Services Firm Blacklisted for Sanctions-BustingPort Services Firm Blacklisted for Sanctions-BustingThe U.S. Treasury has blacklisted a Russian port services firm for alleged violations of sanctions on North Korea's nuclear program.17 August 2018 Friday 11:10
Three Firms Accused of Violating Sanctions on N. KoreaThree Firms Accused of Violating Sanctions on N. KoreaThe Korea Customs Service has accused three South Korean firms of importing nearly $6 million worth of banned North Korean commodities from April to October 2017.11 August 2018 Saturday 10:40
Trump Reinstates Sanctions on IranTrump Reinstates Sanctions on IranOn Monday night, the White House reimposed sanctions on third-party trade with Iran that were lifted during the Obama administration.08 August 2018 Wednesday 12:00
Owner of Sanctions-Busting Ship Sues its Flag StateOwner of Sanctions-Busting Ship Sues its Flag StateThe owner of the Lighthouse Winmore, the product tanker seized last year over charges of violating UN sanctions on North Korea, is suing Hong Kong's Marine Department for an alleged "failure" to help recover the vessel from South Korean authorities.04 August 2018 Saturday 09:45
EU Sanctions Six Firms for Building Bridge to CrimeaEU Sanctions Six Firms for Building Bridge to CrimeaThe European Council has imposed sanctions on six Russian entities involved in the construction of the Kerch Strait Bridge connecting Russia with the Crimean Peninsula, including a shipyard in Kerch.01 August 2018 Wednesday 13:15
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