The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard on Thursday (14 May) issued a global advisory to alert the maritime industry, and those active in the energy and metals sectors to deceptive shipping practices used to evade sanctions, with a focus on Iran, North Korea, and Syria.
It is intended to provide actors that utilise the maritime industry for trade with information on and tools to counter current and emerging trends in sanctions evasion related to shipping and associated services.
The document includes common deceptive shipping practices allegedly used with respect to countries such as Iran, North Korea, and Syria.
The advisory also outlines what the U.S. thinks are best practices for different sectors of the maritime and energy industries, including global commodity traders, maritime insurers, financial institutions, ship owners and flag registries, and others, to assist in their due diligence and mitigation of sanctions risk.
Additionally, the advisory included information about U.S. and United Nations sanctions relevant to the maritime industry, including a non-exhaustive list of activities for which persons could be sanctioned by the U.S. government.
A full copy of the advisory can be downloaded here.
Photo credit: David-Everett
Published: 18 May, 2020
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.