Ofac is continuing its crackdown on Western-linked ships in breach of the price cap, following on from two previous announcements in October and November
Crackdown on tankers breaching G7 sanctions over October and November by the US Office of Foreign Assets Control thought to be the trigger for the Greek exit
The 980,000 barrels of Iranian crude oil seized by US authorities off Suez Rajan have been sold to an undisclosed buyer for $83.5m. It brings the total value of seized oil sold by the US to $290m
The US has slapped sanctions designated to cripple Iran’s oil revenues for first time since March, targeting networks selling commodities on behalf of Iran’s armed forces and the Islamic Revolutionary Guard Corps-Qods Force
Over 50 more general cargoships, most Russia-flagged, were trading in the Caspian during the summer months
The reluctance of governments to target Russia’s grain trade with sanctions has enabled the expansion and growth of its operations
Western-linked ships visibly return for the first time since mid-2020, when prominent Greece-based shipowners were briefly blacklisted, triggering a pledge from their lobby group to leave trades
The week in charts: Shipping companies fail to set science-based climate targets | Houthis ‘hijack’ Israel-owned car carrier | Containership values drop
Prominent shipping companies are still failing to set science-based net zero targets, Israel-owned car carrier seized transiting the Red Sea, and how the owner of an unassuming south London restaurant became the front for shipping sanctioned Iranian gas trades
The EU and US governments are reportedly in talks with Denmark to inspect and possibly block tankers without known insurance. Whether that would include those that dropped anchor at the Skagen anchorage was not spelled out
Analysis of the ownership links behind an LPG tanker that exploded off the coast of Iran in August provides a rare glimpse into the workings of an operation designed to sidestep US sanctions on Iran through the use of front companies and deceptive shipping practices, much like the dark fleet of tankers shipping sanctioned oil
If the West wants to up the ante, increasing the scrutiny of attestation documents is a no-brainer. The proposal that the Danes would inspect Russian tankers would need to be part of a wider push to leverage choke points
The US Treasury has slapped sanctions on three more ships it accuses of breaching the G7 price cap in a sign Western authorities are increasingly willing to crack down on shipping companies
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