US Sanctions

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US removes Greek Shipowners from sanctions

US Ambassador to Greece Geoffrey Pyatt, announced the reversal of the actions in a Tweet citing recent statements and actions by the Greek shipowners to sever ties with Venezuela.

US puts four Greek tankers on the blacklist

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four companies for operating in the oil sector of the Venezuelan economy. OFAC lalso identified four vessels as blocked property.

American Club issues economic sanctions guide

Following an increase in sanctions throughout the whole shipping industry, the American Club issued a guide called “Economic Sanctions – Compliance Guidance”, providing guidance so that the industry can comply with the laws and sanctions.

Guidance to mitigate sanctions evasion

The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard alert the maritime industry for deceptive shipping practices used to evade sanctions.  

US to strongly enforce sanctions against Iranian oil

The US will soon issue advisories warning shippers, port officials and insurance companies that it “will target anybody that stores Iranian oil, petrochemicals or refined petroleum in violation of US sanctions”. The US will encourage captains to take photos of anyone conducting illegal STS transfers.

Tanker owner to comply with US sanctions against Rosneft

Tanker Owner, Mercantile & Maritime, reported that it will halt its shipments of Venezuelan oil for Rosneft, following the United States’ sanctions  against the Russian oil giant’s Geneva-based trading arm Rosneft Trading S.A.

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