By Jonathan Saul, Humeyra Pamuk and Timothy Gardner LONDON/WASHINGTON, May 27 (Reuters) - Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions in a sector already struggling with the … [Read more...]
Trump Administration Issues Global Maritime Advisory to Avoid Sanctions Risk
By Humeyra Pamuk, Jonathan Saul and Timothy Gardner WASHINGTON/LONDON May 14 (Reuters) - The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions with industry. The guidelines, known … [Read more...]
U.S. to Warn Shipping Against Storing Iranian Oil
File Photo: Zacarias Pereira da Mata / Shutterstock WASHINGTON, March 9 (Reuters) - The Trump administration will soon issue advisories warning shippers, port officials and insurance companies against the practice of storing Iranian oil and avoiding U.S. sanctions on Iran, a senior State Department official said on Monday. “We will target and designate anybody that … [Read more...]
U.S. Sets Sights on Shipping Companies for Sanctions Evasions
By Jonathan Saul LONDON, Nov 6 (Reuters) - The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe to clamp down on such practices, a top U.S. official said on Wednesday. In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports, Washington … [Read more...]
COSCO Tanker Sanctions Seen Denting Demand for High Sulphur Fuel Oil
By Noah Browning LONDON, Oct 29 (Reuters) - U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result -- less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday. The move to blacklist ships from COSCO on Sept. 24 for allegedly ferrying sanctioned Iranian oil will undercut demand for … [Read more...]