The US on Wednesday imposed sanctions on five Iranian ship captains who delivered oil to Venezuela, Secretary of State Mike Pompeo informed speaking at a news conference.
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.
Brazil’s Petroleo Brasileiro SA informed shippers that it will not hire any tankers that have visited Venezuela the past 12 months, being in line with U.S. sanctions on the Latin American nation.
Trump Administration recently imposed sanctions against Iran’s shipping network for allegedly carrying cargoes of weapons of mass destruction (WMD).
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.
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.
Iran’s foreign minister warned the US against using its navy in the Caribbean to disrupt Iranian fuel shipments to Venezuela.
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.
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, 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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