• Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result
No Result
View All Result
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result

UNITED STATE Sets Sights on Shipping Companies for Sanctions Evasions

marinesalvage by marinesalvage
December 9, 2021
in News
0
tanker
tanker

UNITED STATE Sets Sights on Shipping Companies for Sanctions Evasions

Reuters

Total Views: 8

November 6, 2019

Share this post

Photo: Evgeny Shulin/ Shutterstock

reuters logo

By Jonathan Saul LONDON, Nov 6 (Reuters)– The United States will certainly target delivery business that remain in violation of permissions and also strongly impose actions around the world to secure down on such techniques, a leading united state authorities stated onWednesday

In among the most significant permissions activities taken by the united state federal government considering that its suppression on Iranian oil exports, Washington enforced permissions on Chinese business in late September for affirmed participation in relocating petroleum from Iran.

COSCO Shipping Tanker (Dalian), a subsidiary of China’s state-owned delivery team COSCO, was among the business blacklisted.

Concern over carriers dropping nasty of united state permissions sent out oil products prices to tape highs around the globe, including numerous bucks to the expense of every trip.

Washington has actually additionally made use of permissions on various other nations consisting of Venezuela and also North Korea.

David Peyman, replacement aide secretary of state for counter risk money and also permissions, stated ships were “the key artery to evade sanctions.”

“If behavior doesn’t change, notwithstanding our very frank conversations and clear messages, then we do look towards fully and aggressively and consistently enforcing U.S. sanctions across the board as a means to change behavior of bad actors,” he informed press reporters on a see to London.

Peyman, that was convening with delivery authorities in Europe, stated the maritime supply chain was complicated yet business required to buy even more due persistance and also take aggressive actions to prevent being captured in prospective permissions violations.

“It’s costly to invest in due diligence and I know business leaders don’t see value added,” stated Peyman, that leads the united state Office of Economic Sanctions Policy and also Implementation.

“Unfortunately, they will see value added when there are hard costs to bear including their business potentially going out of business because of a designation or enforcement action.”

Peyman stated insurer and also financial institutions can examine the background of ships they covered or funded to see whether there were spaces in a vessel’s trip background, which is logged with AIS monitoring transponders, which might indicate immoral and also hidden task.

COSCO

Last month, Washington provided momentary authorization for business to unwind deals with the marked COSCO subsidiaries tillDec 20.

Peyman stated he was “not going to be able to signal what we are going to do after the expiration of the license, other than to say that we are engaged in discussions with COSCO.”

Peyman stated delivery authorities had actually defined to him the step versus the COSCO entities as “shock and awe.”

He included that the objective was to “help set a good precedent for others in the sector to learn the lessons from a designation like COSCO – that no company is too big to be sanctioned, no company is in a jurisdiction that is safe from sanctions and what they could be doing to protect themselves.” (Editing by Dale Hudson)

( c) Copyright Thomson Reuters 2019.

Source of This New

Tags: cosco tanker sanctionsiran sanctionstankers
Previous Post

Sweden Seeks Norway’s Help As Chances Of Fire Spreading On Timber Carrying Cargo Vessel Rises

Next Post

CMA CGM Strengthens Its Logistics Offerings With Acquisition Of Ingram Micro’s CLS

Related Posts

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

July 13, 2024
capesize bulk carrier terminal iron ore dry bulk
News

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter
News

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV
News

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites
News

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
odfjell
News

Odfjell Announces Layoffs, Reduction of European Officers

July 12, 2024
Next Post
CMA CGM Strengthens Its Logistics Offerings With Acquisition Of Ingram Micro’s CLS

CMA CGM Strengthens Its Logistics Offerings With Acquisition Of Ingram Micro's CLS

Quick Search

No Result
View All Result

Recent Posts

  • Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located July 13, 2024
  • Capesize Rates at Six-Year Lows, Could Slide Further July 13, 2024
  • Cold Morning on the Chesapeake July 13, 2024
  • Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV July 13, 2024
  • Eco Marine Power and Nakashima Propeller Cooperate on Composites July 12, 2024

Categories

  • Informative
  • Law & Regulations
  • News
  • Technology
  • Tug&Barge&Salvage
Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

by marinesalvage
July 13, 2024
0

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located By Fathiya Dahrul and Rieka Rahadiana (Bloomberg) — Divers...

Read more
capesize bulk carrier terminal iron ore dry bulk

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
Maritime and Salvage Wolrd News - Latest Ship Technologies

© 2023 - Marine-Salvage.net

Navigate Site

  • Home Page
  • Privacy Policy
  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage

© 2023 - Marine-Salvage.net

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}