U.S. slaps Iran sanctions on Greek shipowner
MARCH 15, 2013 — The U.S. Department of the Treasury yesterday imposed sanctions on a Greek businessman, Dr. Dimitris Cambis, saying that he helped Iran evade international oil sanctions. Now named Ocean
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Defense Authorization Act adds to Iran shipping sanctions
DECEMBER 18, 2012 — Sanctions against Iran’s maritime activities have found their way into the Fiscal Year 2013 National Defense Authorization Act Conference Report. Sanctions against these sectors are already strong and
Treasury adds NITC to Iran sanctions list
JULY 13, 2012 — The United States is imposing additional sanctions on Iran’s nuclear and ballistic missile proliferation networks. Yesterday it announced a number of actions described by Treasury Under Secretary for
U.S.imposes sanctions on Iranian port operator
The U.S. Department of the Treasury yesterday took action to designate two major Iranian commercial entities -Tidewater Middle East Co. and Iran Air – under Iran sanctions regulations. Tidewater Middle East Co.
New Obama Iran sanctions hit maritime companies
More maritime companies have fallen foul of U.S. efforts to shut down Iran’s nuclear program — including Israel’s Ofer Brothers Group. It is one of two companies on which sanctions are being
U.S. still world’s number 4 shipowning nation
VesselsValue has unveiled its list of this year’s top 10 shipowning nations, based on the total asset values of vessels and their country of beneficial ownership. Rebecca Galanopoulos-Jones, senior content analyst, Veson
7 tips for ports on business interruption insurance
By Ed McNamara, Armada Risk Partners In these uncertain times, ports across the globe face multiple business interruption threats. It’s a lengthy list that includes strikes and political protests, cyber-attacks, ship collisions,
White House: Houthis to be designated as terrorists again
Against the backdrop of continued Houthi attacks on merchant shipping, the White House announced today that the Iranian-backed group (formally known as Ansarallah) will be designated as a “Specially Designated Global Terrorist.”
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
IMO Assembly seeks to crack down on “dark fleet”
The IMO Assembly wrapped up its 30th session on December 6. The Assembly is the International Maritime Organization’s highest governing body and among its actions in this latest session were to elect