The sanctions targeted COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian), along with Seaman & Ship Management Co. and a handful of other Chinese nationals and entities. By Humeyra Pamuk NEW YORK, Sept 26 (Reuters) - The United States is imposing new sanctions on certain Chinese entities and people who it accuses of knowingly transferring oil from … [Read more...]
Iran Sanctions Breach Suspicion Prompts Bank to Seize Ships
By Saket Sundria, Serene Cheong and Dan Murtaugh (Bloomberg) --Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default. The accusations, which led to the the temporary arrest of the vessels in Singapore late last month, come as the U.S. seeks … [Read more...]
U.S. Senate Panel Backs Nord Stream 2 Pipeline Sanctions Bill
By Timothy Gardner and Patricia Zengerle WASHINGTON, July 31 (Reuters) - A U.S. Senate committee passed a bill on Wednesday to slap sanctions on companies and individuals involved in building the Nord Stream 2 gas pipeline from Russia to Germany that the Trump administration says would strengthen Moscow's economic grip on Europe. The Senate Foreign Relations Committee passed … [Read more...]
U.S. Sanctions China State Oil Trader for Iran Crude Violation
By Serene Cheong and Alfred Cang (Bloomberg) --The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its biggest buyers. Zhuhai Zhenrong Co., the secretive company with links to the Chinese military, has a history of taking Iranian crude and fuel, at times … [Read more...]
Panama to Pull More Flags from Vessels Violating Sanctions
By Marianna Parraga and Elida Moreno PANAMA CITY, July 12 (Reuters) - Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country's maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria from the Panamanian registry in recent months. After the re-imposition of sanctions on … [Read more...]