Earlier this month, the U.S. Treasury designated the captains of two Houthi-linked tankers, both Indian nationals, in its moves against the Houthis. Now, Vyacheslav Salyga, a 53-year old Ukrainian national, has become the third tanker captain to be designated by OFAC sanctions targeting Houthi weapons procurement and funding networks.
Yesterday, OFAC (Treasury’s Office of Foreign Assets Control) designated two individuals and five entities that have facilitated weapons procurement for...
The captains of two Houthi-linked tankers, Vivek Ashok Pandey and Sandeep Singh Choudhary, both Indian nationals are among ten individuals, vessels and entities sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in its latest moves against the network of Houthi financial facilitator Sa’id al-Jamal. All are said to have engaged in the illicit transport of oil and other commodities.
The action targets maritime shipping and financial facilitators, the two...
Continuing to try to stem the flow of Iranian funding to the Houthis, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action March 15 against a Mumbai-headquartered, Marshall Islands-registered, shipping company Vishnu Inc., saying that its vessel, the Lady Sofia, has been involved in illicit shipments to the People’s Republic of China (PRC) in support of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Houthi financial facilitator Sa’id...
https://www.marinelog.com/legal/safety-and-security/u-s-sanctions-houthi-linked-vessel-lady-sofia/
As Houthi attacks on merchant ships continue with a seemingly abundant supply of Iranian weaponry, sanctions announced today by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in coordination with the United Kingdom, shed some light on how those Houthi arms are being funded.
Designated in the sanctions are Hong Kong ship operator Cap Tees Shipping Co. and the 1998-built, 15,084 dwt crude oil tanker Artura, which is said to have been involved in another saga of...
Overnight strikes on Houthi infrastructure by the U.S. and U.K. have not yet shut down the group’s attacks on merchant shipping. This morning the U.K. Maritime Trade Office reported an incident in which a missile was fired towards a vessel 90 nautical miles southeast of Aden, Yemen.
UKMTO WARNING 007/JAN/2024 UPDATE 001https://t.co/6a9TLpaLrg#MaritimeSecurity #MarSec pic.twitter.com/eZIBRlsLSo
— United Kingdom Maritime Trade Operations (UKMTO) (@UK_MTO) January 12, 2024
Al Arabiya cites U.K....
https://www.marinelog.com/legal/shipping/strikes-on-houthis-wont-soon-end-trade-disruptions/
As the Houthi attacks that began with the hijacking of the Galaxy Leader continue to disrupt Red Sea shipping, the U.S. is moving to stem the flow of the Iranian money that is helping sustain those activities.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated one individual and three entities that, it says, are responsible for facilitating the flow of Iranian financial assistance to Houthi forces,
Among those designated today is the head of the...
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed sanctions on three entities and identified as blocked property three vessels that used Price Cap Coalition service providers while carrying Russian crude oil above the Coalition-agreed price cap.
Treasury says the action underscores its commitment, alongside its international partners, to responsibly reducing oil revenues that the Russian government can use to bankroll its brutal invasion of Ukraine.
Today...
https://www.marinelog.com/news/ofac-sanctions-three-more-russian-oil-price-cap-busters/
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing sanctions on two entities and identifying as blocked property two vessels involved in carrying Russian crude oil above the price cap set by the Price Cap Coalition.
The sanctioned entities and vessels are:
The Price Cap...
Cyber hackers continue to hone in on the shipping industry, considered a vulnerable and highly lucrative target, as demonstrated by the 400% increase in attempted cyber hacks on maritime companies between February and June 20201 , reports Lexology.
Ransomware attackers are reported to have made at least USD 350 million worth of cryptocurrency in 20202, a steep rise from under USD 50 million in 2018. With these numbers in mind, maritime sector participants, from the smaller shipping...
https://mfame.guru/ransomware-attacks-in-the-shipping-industry/
BIMCO is working on a charter party clause that will help the shipping industry deal with potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to carry under SOLAS.
What is AISIn general, AIS transmits data about a vessel including its identity and position. It should not be switched off or disabled at any time other than for very specific safety and security reasons permitted by the regulations, such as avoiding detection by pirates...
https://mfame.guru/bimco-to-publish-charter-party-clause-protecting-vessels-ais/