Tag: Iran

It is said that on Thursday, December 19, the Trump administration renewed a waiver for companies to loosen transactions with the Dalian unit of a Chinese tanker company it had sanctioned in September for allegedly transporting Iranian oil, Reuters reports.

The Trump Administration implemented new sanctions against Iran, targeting an Iranian shipping network and airline, as it was announced by U.S. Secretary of State Mike Pompeo. Pompeo informed that the designated companies include the Islamic Republic of Iran Shipping Lines (IRISL) and its China-based subsidiary, E-Sail Shipping.

The Iranian Ports and Maritime Organization (PMO) confirmed the large oil spill off Kharg Island, which accommodates Iran's largest offshore oil field and main export loading terminals. The rig might belong to the Abouzar offshore oil field, a large reservoir first developed in the 1970s. 

International Container Terminal Services Inc. (ICTSI) formally launched two new berths which for the first time offer the port of Umm Qasr, Iraq’s main dry cargo port, the ability to handle container vessels of up to 14,000TEU.

During the last SAFETY4SEA Athens Forum, Mr. Rod Lingard, the Club Manager of Hellenic Mutual War Risks Association (Bermuda) Limited, looked at key war risks trends, including sanctions and the recent advice from OFAC on sanctions compliance programmes; developments in the Arabian Gulf; the status of piracy in both the Gulf of Guinea and the Western Indian Ocean.

The Iranian news outlet Shana published the first images of the damaged tanker Sabiti, which was hit by missiles in the Red Sea, last week, off Saudi Arabia's coast and suffered two hull breaches, while Iranian PMO's Managing Director Mohammad Rastad commented that it was definitely a missile hit.

After the Iranian oil tanker Sabiti was hit by missiles in the Red Sea, last week, off Saudi Arabia's coast, leakage of cargo has been stopped. The ship is now heading for the Gulf, while the incident has not been independently confirmed yet, and there is no claim of responsibility.

The Iranian tanker Adrian Darya 1, which has been at the center of a diplomatic dispute between Iran and the West over the summer, has offloaded oil in Syria, said US Secretary of State Mike Pompeo on Wednesday, calling on the EU to condemn Iran and hold Tehran accountable.

According to the Iranian Ports and Maritime Organization (PMO), Iran and Italy are under discussions for launching a key shipping route that could help increase trade between the port of Chabahar, in southeastern Iran, and Venice, in northern Italy.

Following OFAC's decision on issuing sanctions against COSCO companies, many were those affected, as well as the US-listed Teekay Group that has been qualified as a 'blocked person'.