As a response to the US re-imposition of sanctions against Iran, the EU intends to amend its Blocking Regulation (Regulation (EC) 2271/06) to protect EU companies from the extraterritorial effects of US secondary sanctions against Iran, the Standard P&I Club informed.
Following Seatrade’s conviction of illegally selling vessels for demolition in South Asian yards, in breach of the EU Waste Shipment Regulation, the Swedish P&I Club recommended shipowners to take greater notice of the regulations when considering demolition. This was the first time an EU shipowner has been held criminally liable for such case.
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