United States imposed sanctions on 35 entities and vessels that play a critical role in transporting illicit Iranian petroleum to foreign markets. This action imposes additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October 1, 2024, as well as Iran’s announced nuclear escalations, building upon the sanctions issued on October 11. Petroleum revenues provide the Iranian regime with the resources to fund its nuclear program, develop advanced drones and missiles, and provide ongoing financial and material support for the terrorist activities of its regional proxies.
Vessel placed in SDN list are The Marshall Islands-flagged JAYA (IMO: 9410387); Guyana- flagged PHONIX (IMO: 9198317); the Cook Islands-flagged BERTHA (IMO: 9292163), OLIVE (IMO: 9288265), YURI (IMO: 9235737), and MIN HANG (IMO: 9257137); the Sao Tome and Principe-flagged ELVA (IMO: 9196644) and CERES I (IMO: 9229439); the San Marino-flagged VANITY (IMO 9371608); the Liberia-flagged LADY LUCY (IMO: 9341512); the Belize-flagged VESNA (IMO: 9233349); the Honduras-flagged FT ISLAND (IMO: 9166675); the Iran-flagged MASAL (IMO: 9169421); and the Panama-flagged BLACK PANTHER (IMO: 9285756), LIONESS (IMO: 9285744), VERONICA III (IMO: 9326055), FIONA II (IMO: 9262766) and MEROPE (IMO: 9281891), have collectively shipped tens of millions of barrels of oil for Iran.
United Arab Emirates (UAE)-based Galileos Marine Services L.L.C manages the JAYA, formerly known as the MONOCEROS, which has been involved in transporting Iranian crude oil since at least 2022 and has changed its name or flag multiple times since to evade accountability.
Panama-based Ocean Glory Giant OGG SA owns and manages the MASAL, India-based Vision Ship Management LLP manages and operates the PHONIX, formerly known as the LUNA LAKE, Vision Ship Management LLP also owns, manages, and operates the Cook Islands-flagged RIO NAPO (IMO: 9256913) and the Panama-flagged LARA II (IMO: 9321421).
Galileos Marine Services L.L.C, Vision Ship Management LLP, Ocean Glory Giant OGG SA, and Gaffodil Co., Limited are being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy. The JAYA is being identified as property in which Galileos Marine Services L.L.C has an interest. The MASAL and the FT ISLAND are being identified as property in which Ocean Glory Giant OGG SA and Gaffodil Co., Limited have an interest, respectively. The PHONIX, the LARA II, and the RIO NAPO are being identified as property in which Vision Ship Management LLP has an interest.
Seychelles-registered Lufindo Holding Limited owns the ELVA, the vessel is managed and operated by Pakistan-based Inaya Ship Management Private Limited.
Liberia-registered Constellation Maritime Services Limited is the owner and operator of the LADY LUCY.
Lufindo Holding Limited, Inaya Ship Management Private Limited, and Constellation Maritime Services Limited are being designated pursuant to E.O. 13902. The ELVA is being identified as property in which Lufindo Holding Limited has an interest. The LADY LUCY is being identified as property in which Constellation Maritime Services Limited has an interest.
People’s Republic of China (PRC)-based Shanghai Legendary Ship Management Company Limited manages and operates the BERTHA, the MIN HANG, and the VESNA.
Shanghai Legendary Ship Management Company Limited is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy. The BERTHA, the MIN HANG, and the VESNA are being identified as property in which Shanghai Legendary Ship Management Company Limited has an interest.
PRC-based Shanghai Future Ship Management Co Ltd manages and operates the VERONICA III and the MEROPE.
Shanghai Future Ship Management Co Ltd is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy. The VERONICA III and the MEROPE are being identified as property in which Shanghai Future Ship Management Co Ltd has an interest.
Cayman Islands-registered, PRC-based Eunomia Limited owns the FIONA II. Marshall Islands-registered Yurimaguas Ltd owns the YURI and the VANITY.
India-based Tightship Shipping Management (OPC) Private Limited manages or operates the OLIVE, BLACK PANTHER, and LIONESS, Tightship Shipping Management (OPC) Private Limited is involved in the management of a fourth vessel, the Panama-flagged TONIL (IMO: 9307932), which is managed and operated by Ukraine-based Lightship Management Ltd
Tightship Shipping Management (OPC) Private Limited and Lightship Management Ltd are being designated pursuant to E.O. 13902.