Largest Treasury Action Against the Iran-Backed Group WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking its single largest action to date…
The Australian Government has imposed targeted sanctions on 60 vessels linked to Russia’s shadow fleet. This is the first time Australia has imposed sanctions against the shadow fleet. Russia uses…
Kerala High Court has passed interim order for arrest for Container Vessel M.V. MSC MANASA F” (IMO 9238882) basis concept of sister vessel. Five admiralty suit were filed by different…
BIMCO has launched a new subcommittee to develop a Biofuel Clause for Time Charter Parties, marking a proactive step toward addressing the legal and operational challenges posed by the growing…
United Against Nuclear Iran (UANI) on 30th June renewed calls for Panama to immediately cease facilitating Iran’s illicit oil trade. Panama’s brazen efforts to gloss over its longstanding support of…
In a move aligned with the standards of the International Maritime Organization (IMO), Panama has strengthened its requirements for ship-to-ship (STS) oil transfer operations involving tankers registered under its flag.…
On 23rd May 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 25 to provide immediate sanctions relief for Syria in line…
Recently the European Commission proposed a Delegated Directive amending Annex I of the Vessel Monitoring Directive (2002/59/EC) citing “Recent developments in the transport of dangerous goods, including oil, due to…
Suez Canal authority released a Circular No. (3/2025) announcing 15 % rebate to the Container vessels transiting the Suez Canal. As per the circular due to the request and improved…
On 8th May 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is increasing pressure on Iran’s export of oil, designating the “teapot” refinery Hebei Xinhai Chemical…
