US Sanctions

Sort by:

Filter by:


US sanctions on Iran affect tanker shipping industry

BIMCO informed that the US sanctions on Iran are affecting the tanker shipping industry. The immediate effects may be less tangible but they add more uncertainty to the whole shipping industry that has plenty of uncertainty to deal with. Freight rates for crude oil tankers and oil product tankers are making losses.

Possible consequences of US JCPOA withdrawal

The decision by President Trump on 8th May, 2018 to cease the US participation in the JCPOA and to re-impose US nuclear-related sanctions which were lifted to implement the JCPOA, is likely to have significant consequences for maritime trade with Iran and the insurance of such trade, the UK P&I Club warns.

EU Commission acts in view of US withdrawal from JCPOA

After the US withdrawal from JCPOA, which will reinstate all sanctions that had been previously imposed on Iran, the European Commission took steps to preserve the interests of European companies investing in Iran, on the sidelines of an informal meeting in Sofia, demonstrating the EU’s commitment to the Iran nuclear deal.

Total stops Iranian offshore project after US renews sanctions

French energy major Total announced it will not be in a position to continue and take any further commitment related to the South Pars 11 project, following the US withdrawal from the JCPOA, re-imposing the US sanctions that were in force before the JCPOA’s implementation. 

Maersk, MSC review Iran operations after US withdrawal from JCPOA

The world’s top two container shipping companies, Danish Maersk Line and Geneva-based MSC, are reviewing their Iran operations, following the US withdrawal from the international nuclear agreement with Tehran. This is expected to have significant implications for shipping trade with Iran and the insurance of this trade.

US withdrawal from JCPOA to affect shipping trade

On 8 May, US President Trump announced decision to withdraw the US from participation in the JCPOA (Joint Comprehensive Plan of Action) and to re-impose US nuclear-related sanctions, which is expected to have significant implications for shipping trade with Iran and the insurance of this trade. 

Clarifications for US sanctions against Russia

After US imposed further sanctions against Russia on 6th April, the inclusion of Rusal in this list, confused the aluminium trades, since Rusal is a major shipper of both raw and finished commodities. To clarify the situation the US issued two licenses for trading with Rusal. The licences allow parties to continue trading with Rusal until 23 October 2018.

US imposes more sanctions against Russia

The US expanded its sanctions against Russia, and they now include designations against key individuals operating in Russia’s energy sector, along with 12 energy companies owned or controlled by these persons. These new sanctions also have implications for non-US persons and entities, which have to carefully consider the risk of secondary sanctions when dealing with Russian parties in the future.

US sanctions against Venezuelan cryptocurrency impact shipping

Following introduction of the cryptocurrency ‘Petro’ in February 2018, the US President has issued a further Executive Order, which prohibits US persons, and persons within the US, from engaging in any dealings in “any digital currency, digital coin or digital token” issued by Venezuela on or after 9 January 2018, which would include the Petro.


Are the vessels’ crew members aware enough of the new requirements of STCW Convention?

maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
How sub-Sahara African countries deal with maritime crime
foreman falls down two decks
Foreman falls down two decks during lifting equipment
Places of Refuge: An overview
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
ship garbage recycling
Ship garbage recycling pilot completes at Port of Brisbane
ship recycling in bangladesh
Watch: Working in Bangladeshi ship recycling yards
port related emissions
IMO conducts training to reduce port-related emissions
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
euronav and propulsion analytics rewarded
Euronav & Propulsion Analytics rewarded for achieving technology excellence
ports of hamburg and rotterdam digital agreement
Ports of Hamburg, Rotterdam ink digital agreement to optimize operations
autonomous ferry
Norwegian university develops autonomous ferry
CIC Detentions Fines PSC Focus Vetting
uscg ends ship voyage
USCG ends ship voyage after breaching Vessel Passenger Service Act
dirty ballast water fines in ukraine
West of England Club updates on dirty ballast water fines in Ukraine
paris mou detentions
Ships detained in Paris MoU during May
CSR Shipping Sustainability Women in shipping
ship garbage recycling
Ship garbage recycling pilot completes at Port of Brisbane
nautical institute joins green award
The Nautical Institute joins Green Award scheme
imo technical committee
IMO’s technical cooperation committee paves the way for UN SDGs
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
gate terminal increase lng ship flow rates
Gate terminal at Port of Rotterdam to increase ship loading flow rates
port related emissions
IMO conducts training to reduce port-related emissions
south korea supports shipbuilders
South Korea to support struggling shipbuilders