Tag: US Sanctions


US imposes sanctions on Russia’s largest shipping company

February 25, 2022

Via: Offshore Energy

On 24 February, the US took action to respond to Russia’s further invasion of Ukraine by imposing economic costs that are expected to have both immediate and long-term effects on the Russian economy, financial system and access to new technology. […]

Impact & Regulations

US designates 6 shipping firms, 4 vessels for transporting North Korean coal

December 9, 2020

Via: Offshore Energy

The companies in question are China-based Weihai Huijiang Trade Ltd, UK-registered Always Smooth Ltd, UK-registered Good Siblings Ltd, Hong Kong-based Silver Bridge Shipping Co-HKG, Korea Daizin Trading Corporation which operates in North Korea and Vietnam and Vietnam-based Thinh Cuong Co […]

Impact & Regulations

More Troubles for Tankers as US Sanctions Rosneft Trading S.A.?

February 20, 2020

Via: World Maritime News

The sanctions are expected to make it more difficult for Venezuela to export oil, especially to China and India, exerting further pressure on the tanker market. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) said that […]