By Lucia Kassai (Bloomberg) -- After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its crude. The Iran-flagged supertanker Honey, also known as Horse, is loading Venezuela’s top exported grade Merey 16 at Venezuela’s government-controlled port of Jose, according … [Read more...]
Tehran Says Ships Targeted by U.S. Were Holding Iranian Fuel
Four tankers whose fuel was seized by the U.S. over the past month were heading to Venezuela and carrying gasoline loaded in Iran, according to Iranian Oil Minister Bijan Namdar Zanganeh. His comments are the first acknowledgment by Tehran that the vessels were transporting cargo from the Islamic Republic when the U.S. confiscated it. Iran’s President Hassan Rouhani said on … [Read more...]
U.S. Sanctions Five Iranian Ship Captains
By Humeyra Pamuk and Matt Spetalnick WASHINGTON, June 24 (Reuters) - The United States on Wednesday imposed sanctions on five Iranian ship captains who delivered oil to Venezuela, and Secretary of State Mike Pompeo reaffirmed Washington's backing for Venezuelan opposition leader Juan Guaido. Speaking at a news conference, Pompeo said the ships delivered about 1.5 million … [Read more...]
U.S. Sanctions Guidance Raises Hurdles for Global Maritime Industry
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...]