Archive for the ‘Sanctions’ Category

American Club Circular No.15/19 – the United States expands the universe of Iran sanctions targets (SDNs) by targeting the metals sector of Iran

American Club Circular No.15/19  – the United States expands the universe of Iran sanctions targets (SDNs) by targeting the metals sector of Iran
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club American Club Circular No.15/19  – the United States expands the universe of Iran sanctions targets (SDNs) by targeting the metals sector of Iran  MAY 10, 2019   CIRCULAR NO. 15/19   TO MEMBERS...
May 10th, 2019 | P and I Clubs, Sanctions | Read More

A Capes “dominated” market… amid an imminent geopolitical episode

A Capes “dominated” market… amid an imminent geopolitical episode
John Faraclas Without Prejudice A Capes “dominated” market… amid an imminent geopolitical episode The BDI (Baltic Dry Index) ended up 20 points at 889 amid turbulent Geopolitics in this second pre-Easter week. John Faraclas daily, weekly and fortnight recaps: The BDI was also 99 points better...
April 26th, 2019 | Banking, Chartering, Comment, Dry Bulkcarriers, Energy, Environment, Finance, Insight, Markets, News, Piracy and Terrorism, Religion, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI@767: a pre-Easter Market “upturn”?

The BDI@767: a pre-Easter Market “upturn”?
John Faraclas The BDI@767: a pre-Easter Market “upturn”? The BDI (Baltic Dry Index) gained a good 18 points earlier on today and slowly slowly begins to climb up from the very lows of the last two months… The Wets too are trying… Geopolitics look blur but nobody gives the pope attention until...
April 17th, 2019 | Chartering, Comment, Dry Bulkcarriers, Markets, News, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

American Club circular no. 12/19 – US Sanctions on Venezuela: Risks for non-US persons concerning transactions with PDVSA

American Club circular no. 12/19 – US Sanctions on Venezuela: Risks for non-US persons concerning transactions with PDVSA
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club AMERICAN CLUB CIRCULAR NO. 12/19 – US SANCTIONS ON VENEZUELA: RISKS FOR NON-US PERSONS CONCERNING TRANSACTIONS WITH PDVSA APRIL 12, 2019   CIRCULAR NO. 12/19   TO MEMBERS OF THE ASSOCIATION   Dear...
April 12th, 2019 | Corruption, Marine Insurance, P and I Clubs, Sanctions | Read More

The United States issues updated guidance regarding North Korea’s illicit shipping practices

The United States issues updated guidance regarding North Korea’s illicit shipping practices
The United States issues updated guidance regarding North Korea’s illicit shipping practices At a Glance… On Thursday March 21 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the advisory document it published on February 23 regarding North Korea’s...
March 28th, 2019 | Legal, Sanctions | Read More

American Club circular No. 10/19 – Recent US Government advisories concerning Iran, North Korea and Syria

American Club circular No. 10/19 – Recent US Government advisories  concerning Iran, North Korea and Syria
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club MARCH 27, 2019, CIRCULAR NO. 10/19 TO MEMBERS OF THE ASSOCIATION Dear Member: RECENT US GOVERNMENT ADVISORIES CONCERNING IRAN, NORTH KOREA AND SYRIA The US government has recently issued the attached advisories in...
March 27th, 2019 | Marine Insurance, P and I Clubs, Sanctions | Read More

The BDI@634; what a week that was… in Geopolitics too!

The BDI@634; what a week that was… in Geopolitics too!
John Faraclas – picture by ecopack77 The BDI@634; what a week that was… in Geopolitics too! The BDI (Baltic Dry Index) ended up earlier on today at 634 points – plus four since yesterday and down five since last Friday the 15th of February 2019 when it stood at 639 points! Geopolitics messy...
February 22nd, 2019 | Markets, Reports, Sanctions, Shipping Indices, Stock Markets | Read More

American Club circular no.. 04/19 – US imposes new sanctions against the government of Venezuela through designation of PdVSA

American Club circular no.. 04/19 – US imposes new sanctions against the government of Venezuela through designation of PdVSA
Joe Hughes AMERICAN CLUB CIRCULAR NO. 04/19 – UNITED STATES IMPOSES NEW SANCTIONS AGAINST THE GOVERNMENT OF VENEZUELA THROUGH DESIGNATION OF PETROLEOS DE VENEZUELA, S.A. (PdVSA)  FEBRUARY 6, 2019   CIRCULAR NO. 04/19   TO MEMBERS OF THE ASSOCIATION   Dear Member:   UNITED STATES IMPOSES...
February 6th, 2019 | Markets, News, Oil Industry, Sanctions | Read More

Midweek blues with the BDI@721…

Midweek blues with the BDI@721…
John Faraclas The entire Market – both Dry and Wet was down today and I guess you must be very affluent this time to avoid even more losses… Let’s see how many can sail through… Geopolitics in total mess affecting the entire shipping industy. John Faraclas’ midweek note: The BDI (Baltic...
January 30th, 2019 | Chartering, Comment, Dry Bulkcarriers, Insight, Markets, Obituaries, Reports, Sanctions, Seizures, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

IUA sets out priorities for London Company Market in 2019

IUA sets out priorities for London Company Market in 2019
Dave Matcham The publication of a major official report on the wholesale insurance market is just one of several regulatory issues expected to dominate the International Underwriting Association’s agenda in 2019. The body, which represents the London company market, has issued its annual business plan...
January 28th, 2019 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, Reports, Sanctions | Read More

American Club: Iran sanctions update – Iranian crude oil shipment waivers

American Club: Iran sanctions update – Iranian crude oil shipment waivers
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club In Club Circular 41/18 of November 6, 2018 Members were informed of the reimposition of US secondary sanctions against Iran in the aftermath of the US Administration’s decision to withdraw from the...
November 28th, 2018 | Markets, News, Oil Industry, P and I Clubs, Sanctions, Trade and Commerce | Read More

The BDI@1,031: between Scylla and Charybdis…

The BDI@1,031: between Scylla and Charybdis…
John Faraclas The BDI (Baltic Dry Index) clinched another 11 points (same as  yesterday…) but remains down once again on a weekly basis. Geopolitics: between the devil and the deep blue sea… John Faraclas’ daily and weekly recap: The weekly loss of the BDI was 116 points – down from 1,147 recorded...
November 16th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

HFW: Iran sanctions – The English Court steers a course

HFW: Iran sanctions –  The English Court steers a course
Daniel Martin, partner HFW In our previous briefing, we looked at the challenges of complying with EU and US sanctions from 5 November 2018, when further US sanctions are re-imposed, and the need to steer a course between the divergent approaches which are being taken by the EU and the US. The Commercial...
October 19th, 2018 | Legal, Sanctions | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, September 19, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, September 19, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In retaliation to the US administration’s announcement late on Monday of a 10% tariff on an additional $200bn of imports from China, the latter announced yesterday the imposition of duties on $60bn worth of US goods. However, the...
September 19th, 2018 | Banking, Finance, Markets, Reports, Sanctions, Shipfinance, Statistics, Stock Markets | Read More

HFW Briefing – Iran Sanctions: Steering a course through difficult waters

HFW Briefing – Iran Sanctions: Steering a course through difficult waters
Daniel Martin, partner HFW Iran Sanctions: Steering a course through difficult waters President Trump’s announcement on 8 May 2018 that the US would withdraw from the Joint Comprehensive Plan of Action set the EU and US on divergent paths with respect to Iran. At the same time as the US indicated...
August 31st, 2018 | Legal, News, Sanctions | Read More

Daily Overview of Global Markets & the SEE Region (Friday, August 10, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, August 10, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Global equity markets pulled back on Friday as turmoil in major emerging markets (the plunging Turkish lira, Sino-US trade conflict as well as US sanctions on Russia for election meddling) continued to dampen sentiment. In FX markets,...
August 10th, 2018 | Banking, Finance, Markets, Reports, Sanctions, Shipfinance, Statistics, Stock Markets | Read More

The United States formally reimposes secondary sanctions against Iran

The United States formally reimposes secondary sanctions against Iran
Joe Hughes From the American Club to its members: AUGUST 07, 2018   CIRCULAR NO. 28/18   TO THE MEMBERS OF THE ASSOCIATION   Dear Member:   THE UNITED STATES FORMALLY REIMPOSES SECONDARY SANCTIONS AGAINST IRAN   Introduction On May 8, 2018, President Trump withdrew the United States from participation...
August 7th, 2018 | News, P and I Clubs, Sanctions | Read More

On the wave 2018: Iran – Sanctions – Back to the future?

On the wave 2018:  Iran – Sanctions – Back to the future?
.. Iran – Sanctions – Back to the future? On 8 May 2018, President Trump announced his decision to withdraw the United States from the Join Comprehensive Plan of Action (JCPOA) and to impose once again on Iran several sanctions which were lifted in January 2016 under the JCPOA. This is a significant...
May 15th, 2018 | Legal, Sanctions | Read More

And then come the …Capes, yet “again”…

And then come the …Capes, yet “again”…
John Faraclas The BDI (Baltic Dry Index) closed earlier on today up, yes up 19 points at 1,472, thanks – once again, to the predictably unpredictable and volatile Capes. It was also up 92 points since the 4th of May (from 1,384). The Geopolitics, as we have warned you, get worse at a faster pace...
May 11th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, Piracy and Terrorism, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

The Fall of Constantinople …err of the BDI@1,453…

The Fall of Constantinople …err of the BDI@1,453…
John Faraclas Coincidences have a significance, never ever forget this! The BDI (Baltic Dry Index) fell for the first time since the 2nd of May; a dozen points after all …are 12 points… The volatile and predictably unpredictable Capes did it again. Amid a turbulent  Planet Ocean, the shipping...
May 10th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, People and Places, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

US-Iran Sanctions: The JCPOA – the new US position The JCPOA: The new US position is now clear…Sort of

US-Iran Sanctions: The JCPOA – the new US position   The JCPOA: The new US position is now clear…Sort of
The JCPOA: The new US position is now clear…Sort of by Douglas Maag, Legal Counsel, Clyde & Co As noted in our blog last week, President Trump threatened last January to withdraw from the Joint Comprehensive Plan of Action (JCPOA) if he did not think its flaws could be fixed. While the JCPOA...
May 10th, 2018 | Markets, Sanctions | Read More

Two weeks of Capes’ “dominating” the otherwise stagnant market…

Two weeks of Capes’ “dominating” the otherwise stagnant market…
John Faraclas The BDI (Baltic Dry Index) gained just eight points since yesterday and now stands at 1,384 points. On a weekly basis it was up 23 points since Friday the 27th of April… (From 1,361). Geopolitics as usual, getting more than worse. John Faraclas daily and weekly recap: The Capes volatility...
May 4th, 2018 | Chartering, Dry Bulkcarriers, Insight, Markets, Military, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers | Read More

US-Iran Sanctions: Future of the JCPOA?

US-Iran Sanctions: Future of the JCPOA?
  Insight / US-Iran Sanctions The JCPOA: It’s Still Uncertain What Will Happen, but Here’s What Could Happen by Douglas Maag*, Legal Councellor, Clyde & C0 On January 12 of this year, President Trump announced his intention to not renew US sanctions waivers that underpin US participation...
May 4th, 2018 | Legal, Sanctions | Read More

The BDI@979: uncertainty and unsustainability… War is on!

The BDI@979: uncertainty and unsustainability… War is on!
John Faraclas The BDI (Baltic Dry Index) gained five points earlier on today – thanks once again to the Capers and a bit to the Panamaxes, and now stands at 979 points. Geopolitics and the Global Economy in total mess. John Faraclas’ brief Market recap: The Capers’ BCI clinched ten points –...
April 11th, 2018 | Chartering, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Exhibitions, Food and Drink, Immigration, Insight, Marinas, Markets, Military, News, Reports, Safety and Security, Sailing, Sanctions, Shipping Indices, Sports, Statistics, Stock Markets, Tankers, Trade and Commerce, Yachting | Read More

The BDI@1,150: the fall continues amid dramatic twist in Geopolitics…

The BDI@1,150: the fall continues amid dramatic twist in Geopolitics…
John Faraclas The BDI (Baltic Dry Index) lost 19 points earlier on today and uncertainty is the name of the game. Geopolitics remain crucial and as said in previous reports, we are now in the phase “hostilities” of a multiple kind. John Faraclas’ daily recap: The Capers widened their losses and...
March 15th, 2018 | Markets, Military, News, Politics and Government, Safety and Security, Sanctions, Seizures, Shipping Indices, Statistics, Stock Markets | Read More