HSBC: USTR Port Fees Could Sink Chinese Carriers’ Profits
Chinese container shipping lines face severe financial impact when new U.S. Trade Representative port fees take effect on October 14, 2025, according to a new HSBC analysis. The fees will...
Stock Photo: SOMKIET POOMSIRIPAIBOON / Shutterstock
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has expanded its Specially Designated Nationals (SDN) List to include several maritime entities and vessels linked to Iranian interests.
Among the designated vessels are the Cameroon-flagged floating storage tanker BALU and the Panama-flagged crude oil tanker ROC. These vessels are connected to Forsal Chartering Corporation and Fine Sanmata Shipping Co., Limited, respectively.
Notable maritime industry additions include CCIC Singapore PTE. LTD., operating from Singapore Science Park, and multiple Hong Kong-based entities such as Fine Sanmata Shipping Co., Limitedand Qingdao Linkrich International Shipping Agency Co., Ltd.
All designated entities face sanctions under section 1(b) of Executive Order 13224, as amended by Executive Order 13886, and are linked to Sepehr Energy Jahan Nama Pars Company.
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