OFAC moves to stem flow of Iranian funding to Houthis
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
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OFAC sanctions three more Russian oil price cap busters
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
OFAC slaps sanctions on two 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
Sanctioned Singapore oil and gas trader reacts to OFAC designation
On February 9, Singapore’s Unicious Energy Pte Ltd was among nine companies targeted by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for facilitating the sale and shipment
OFAC slaps sanctions on FBI-wanted shipowner
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) last week designated two individuals and three entities for activities related to the exportation of petroleum to the Democratic People’s
Teekay’s Yamal LNG activities hit by OFAC’s COSCO sanctions
The Teekay Group has postponed an investor and analyst meeting set for tomorrow in order to ‘fully focus on avoiding undue disruption to Teekay LNG’s business from certain complex issues that have
Tanker owner “shocked” to be on OFAC sanctions list
Italian tanker operator PB Tankers said yesterday that it was “shocked and concerned” that it had been designated by the U.S. Treasury’s Office of Foreign Assets Control as subject to sanctions aimed
OFAC adds four shipping companies to Venezuela sanctions list
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) last Friday designated four shipping companies that operate in the oil sector of the Venezuelan economy as subject to U.S. sanctions.
Petrofacs cancels shipyard contract for derrick lay vessel
OCTOBER 12, 2015 — U.K. based Petrofac (LON: PFC) says it has terminated its contract with Chinese shipbuilder ZPMC for construction of a proprietary design Petrofac JSD 6000 deepwater multi-purpose offshore vessel.
OFAC adds Singapore shipping company to sanctions list
JULY 24, 2015 — The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has issued a notice updating its list of specially designated nationals (SDNs) under the North Korean economic sanctions to