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…
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…
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…
Four Crude Oil Tanker & Owners Sanctioned by OFAC
In another crackdown on oil tankers alleged to be transporting Iranian oil, OFAC has added four crude oil tanker and its owners in SDN list on 16th April 2025. In…
OFAC: Sanction Advisory for Mitigating Iranian Oil Sanctions Evasion
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing this update to aSeptember 2019 advisory to assist the global shipping and maritime industry in identifying…
Owner, Operator and 28 Oil Tankers Sanctioned by OFAC
On 10th April 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating United Arab Emirates (UAE)-based Indian national Jugwinder Singh Brar (Brar), who owns multiple…
Panama Established Zero-Tolerance Policy Against the Misuse of Its Flag
The Panama Maritime Authority (PMA) is implementing necessary measures to refine its merchant fleet. These actions reflect the nation’s commitment to safeguarding its reputation, backed by the strength and expertise…
Russian Flag Bulk Carrier “Zafar” & Master Sanctioned by US
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a network of Houthi financial facilitators and procurement operatives working in coordination with Sa’id al-Jamal, a…
Panama Deregisters 107 Ships Due to Sanctions
The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process. This action is in accordance with…
US Treasury Imposes Additional Sanctions on Iran’s Shadow Fleet
Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Department of State are imposing sanctions on over 30 persons and vessels in multiple jurisdictions…