P&I insurance broker P. L. Ferrari & Co. is warning that the U.S. Treasury is strengthening its controls and surveillance to identify ships trading to sanctioned countries or areas. And that makes
The United States has seized a sanctions-busting North Korean bulker not on the high seas, but through the filing of a civil forfeiture complaint in the U.S. District Court for the Southern
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
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.
Two shipyards, a marine diesel manufacturer and an offshore oil and gas exploration company are among Russian entities designated Friday by the U.S. Department of the Treasury’s Office of Foreign Assets Control
JANUARY 22, 2019 — A ship to ship fuel transfer that likely was in breach of international sanctions appears to have gone disastrously wrong. Fourteen people have died after two ships caught
OCTOBER 26, 2018 — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) yesterday announced North Korea-related designations of two Singapore based entities and one individual, while the U.S.
AUGUST 13, 2018 – According to VesselsValue.com, Greek shipowners are among those most likely to be affected by U.S. sanctions on Iranian oil exports. According to VesselsValue Trade Analyst Adil Aliev, a
MAY 8, 2018 —President Donald J. Trump today announced his decision to pull the United States from the Iran nuclear deal, more formally called the Joint Comprehensive Plan of Action (JCPOA), and
FEBRUARY 26, 2018 — The latest U.S. sanctions on North Korea are aimed at disrupting shipping and trading companies and vessels to further isolate the regime and advance the U.S. maximum pressure