Sanctions no more: A new era for the tanker market? asks a Tankers International news source.
US SanctionsIn an unexpectedly lenient move, the US announced last week that sanctions against companies trading in Venezuelan oil will be dropped. This provides an opportunity for a reshuffling of oil movements, particularly in the Atlantic basin, and with that comes a renewed focus on VLCC employment and impacts on the ‘dark fleet’.
As its sanctions are removed, Venezuela...
Russian state-owned shipping company Sovcomflot (SCF Group) has been hit with the newest sanctions imposed by the United States in response to Putin’s “war of choice” against Ukraine. The post US…
https://www.offshore-energy.biz/us-imposes-sanctions-on-russias-largest-shipping-company/
On 8 December 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six entities and identified four vessels related to the transport of North Korean coal. …
On 26 October, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on the National Iranian Tanker Company (NITC), the National Iranian Oil Company…
https://www.offshore-energy.biz/us-blacklists-irans-petroleum-ministry-oil-and-tanker-companies/
According to an article published in The Verge, the US Commerce Department has added China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), to its entity list, after it determined there an “unacceptable risk” that equipment SMIC received could be used for military purposes
US Computer Chip Companies Can’t Export?The move blocks US computer chip companies from exporting technology to SMIC without an export license. SMIC is the latest major Chinese firm to be put...
Greek shipping confirms its commitment to implementing the...
https://mfame.guru/shipowners-union-devoted-to-carrying-out-us-sanctions/
The warning came from David Peyman, the deputy assistant Secretary of State for counter threat finance and sanctions, on Monday.
Namely, Peyman said the US will encourage ship captains to take photos of anyone conducting STS transfers of sanctioned oil and submit them to the US government.
https://safety4sea.com/us-to-strongly-enforce-sanctions-against-iranian-oil/
Tanker Owner, Mercantile & Maritime, reported that it will halt its shipments of Venezuelan oil for Rosneft, following the United States’ sanctions against the Russian oil giant’s Geneva-based trading arm Rosneft Trading S.A.
The US sanctioned Rosneft on February 18 supporting that for operating in the oil sector of the Venezuelan economy, while also designated the chairman of the board of directors and president of Rosneft Trading S.A., Didier Casimiro, for purporting to act for or on behalf...
https://safety4sea.com/tanker-owner-to-comply-with-us-sanctions-against-rosneft/
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russian Rosneft Trading S.A. for operating in the oil sector of the Venezuelan economy, while also designated the chairman of the board of directors and president of Rosneft Trading S.A., Didier Casimiro, for purporting to act for or on behalf of, directly or indirectly, Rosneft Trading S.A.
Secretary Steven T. Mnuchin reported that
Rosneft Trading S.A. and its president brokered the sale and transport of...
https://safety4sea.com/us-sanctions-russian-rosneft-for-trading-with-venezuela/
The Venezuelan Maritime Authority has required port payments to be in its own digital Petro Currency, which is sanctioned by the US. In light of these developments, the Standard P&I Club recommended owners and operators to consider carefully trade to Venezuela.
The Petro is a cryptocurrency launched in early 2018 by Maduro’s government in Venezuela, considered to have been created, in part, as a means to circumvent existing US sanctions, the Club advised.
In March 2018, through Executive Order...
https://safety4sea.com/venezuela-to-require-port-payments-in-us-sanctioned-petro-currency/