Singapore-based shipping firm Mercantile & Maritime on Tuesday (18 February) said it would cease business operations that are not compliant with US’ Treasury’s Office of Foreign Assets Controls sanctions.
On the same date, the US Treasury’s Office of Foreign Assets Controls announced further sanctions in relation to oil sales from Venezuela, specifically on Russian oil major Rosneft’s Swiss trading arm.
“Following these sanctions, we have reviewed our live arrangements and will implement any necessary measures required to ensure we comply with international requirements in line with the wind-down timeline set by the OFAC general license,” said Mercantile in an official statement.
“As a global business operating across the oil and gas value chain, the Mercantile & Maritime Group operates in full compliance with all international trade laws and maritime regulations.
“We will continue to monitor developments to ensure we remain compliant going forward,” it concludes.
Photo credit: Aymanejed
Published: 3 March, 2020
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.