Sanctions News

 

US Imposes New Iran Sanctions

Oct 09, 2020

The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 banks in an effort to further choke off Iranian revenues as Washington ramps up pressure on Tehran weeks ahead of the U.S. election.The move freezes any U…

US Preparing Tighter Oil Sanctions on Venezuela

Sep 01, 2020

The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially removing exemptions that allow some oil companies to exchange Venezuelan crude for fuel from the OPEC member…

PDVSA Changes Oil Deals to Include Shipping as Sanctions Bite

Aug 10, 2020

Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters…

Tankers Carrying Venezuelan Oil Stuck at Sea

Jun 24, 2020

Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S. sanctions, according to industry sources, PDVSA documents and shipping data.Washington…

Iranian Ship Reaches Venezuela with Cargo of Food

Jun 22, 2020

An Iranian ship was approaching the Venezuelan port of La Guaira on Sunday with a cargo of food that will supply the South American nation’s first Iranian supermarket, according to Refinitiv Eikon and Iran’s embassy in Venezuela.Iran supplied 1…

US Sanctions on Iranian Shipping Network Take Effect

Jun 08, 2020

U.S. sanctions imposed on Iran's shipping network took effect on Monday, months after they were announced in December following accusations of supporting proliferation of weapons of mass destruction.U.S. Secretary of State Mike Pompeo in a statement…

Logistics News

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Maritime Risk Symposium 2024 – Great Power Competition and Gray Zone Engagement

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IMO's Facilitation Committee Revised MASS Roadmap

IMO's Facilitation Committee Revised MASS Roadmap

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