Commercial

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… Read more: Multiple Oil Tanker and Vessel Owners/Managers Sanctioned by OFAC

The Panama Maritime Authority (PMA) has initiated the expedited cancellation of six Panamanian-flagged vessels recently added to the United Kingdom’s Consolidated List of Financial Sanctions Targets. These actions are being carried out under the authority of Executive Decree 512, issued on October 18, 2024. This legal framework allows the PMA to promptly revoke the registration and navigation licenses—whether… Read more: Panama Deflags Six Vessel Sanctioned by UK

Panama Flag has issued a Merchant Marine Notice is to inform all our users about the precheckprocess for a vessel to be eligible to enter the Panama Ship Registry. The precheck process involves a thorough risk assessment of various aspects related to the vessel, its owner, operator, and/or charterer before applying for the entry into… Read more: Panama Flag Precheck Process

The Australian Maritime Safety Authority (AMSA) has issued a ‘refusal of access Direction’ to the Netherlands-flagged general cargo ship Marsgracht, banning the ship from entering Australian ports for 180 days. On 6 February 2024, the Marsgracht was detained at Port Alma for improper stowage of dangerous goods – contrary to the International Maritime Organization’s International Maritime Dangerous Goods (IMDG)… Read more: Cargo Vessel Banned from Australian Ports for Unsafe Cargo Operations

This circular serves to inform the maritime industry that the Maritime and Port Authority of Singapore (MPA) will mandate the use of SS 648: 2024 for the custody transfer of bunker deliveries to ocean-going ships in the Port of Singapore from 1 April 2025. Consequently, the use of SS 648: 2019 will cease from 1 April… Read more: MPA-SS 648: 2024 – CODE OF PRACTICE FOR BUNKER MASS FLOW METERING (PMC 12/2024)