US Treasury Issues Immediate Sanctions Relief for Syria
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…
Insurance Reporting Requirements for Vessels Entering EU Waters
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: Rebate for Container Vessel
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…
US Treasury Sanctions Oil Tankers and Masters
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…
Adani Ports: Revised Fuel Surcharge on Pilotage
Adani Ports has published a trade notice on 15th April 2024 which also came into effect from same date on Revised Fuel Surcharge. With reference to the Circular no: GPL/DEC/2024-25/01…
BIMCO and ASBA Publish Updated Oil Tanker Charter Party
BIMCO and the Association of Ship Brokers & Agents (USA) Inc. (ASBA) have revised ASBATANKVOY, the only dedicated tanker form not associated with an oil major. The updated version of…
US Treasury Targets Vessels Delivering Oil to the Houthis
WASHINGTON – Today 28th April , the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting three vessels and their owners for providing support to Ansarallah, commonly…
Iranian Navy Seizes Two Vessel for Smuggling Oil
Tug/Supply Vessel Sea Ranger, IMO: 7230410 and Tug Salama carrying 1.5 million litres of smuggled fuel, were stopped and seized by the Navy of Iran’s Islamic Revolutionary Guard Corps (IRGC)…
US Treasury Targets Iranian Liquified Petroleum Gas Magnate
WASHINGTON – On 22nd April 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh…
AMSA: Marine Notice on Sanction Laws
AMSA has published Marine Notice 01/2025 reminding those who own, operate or are on board Australian ships, about offences under Australian sanction laws. It presents information prepared by the Australian…