Archive for the ‘Sanctions’ Category

The United States designates Rosneft Trading

The United States designates Rosneft Trading
The United States designates Rosneft Trading At a Glance… In a renewed attempt to exert pressure on the Maduro regime, OFAC has targeted a key subsidiary of Rosneft Oil Company, Rosneft Trading. These sanctions prohibit U.S. persons from engaging in transactions with Rosneft Trading, unless an exception...
February 21st, 2020 | Legal, Sanctions | Read More

Palau on-board with Liberia, Marshall Islands and Panama

Palau on-board with Liberia, Marshall Islands and Panama
. Palau on-board with Liberia, Marshall Islands and Panama Vessels which violate the current United Nations Security Council Resolutions (UNSCRs) on trading with North Korea will not be registered with the Palau International Ship Registry (PISR). Both the Government of Palau and PISR have instigated...
February 20th, 2020 | Flags, Sanctions | Read More

UK sanctions regime during the Transition Period

UK sanctions regime during the Transition Period
UK sanctions regime during the Transition Period At a Glance… Until the end of the Transition Period (currently 31 December 2020), during which the UK will be bound by existing EU sanctions decisions, the UK may, in exceptional circumstances, exercise discretion and decide to diverge from any new...
February 11th, 2020 | Legal, Sanctions | Read More

Markets dramatic fall

Markets dramatic fall
John Faraclas Markets dramatic fall The BDI (Baltic Dry Index) lost 19 points earlier on today and now stands at 557 which is also 197 points down since last week’s 754 points. The Geopolitical perplexed mess continues with the Year of the Rat ante portas. All in all, as we have said last year, 2020...
January 24th, 2020 | Chartering, Dry Bulkcarriers, Flags, IMO, Markets, News, Oil Industry, Politics and Government, Sanctions, Shipping Indices | Read More

Oil major’s victory in Ukraine sanctions dispute sheds light on complex aspects of U.S. sanctions

Oil major’s victory in Ukraine sanctions dispute sheds light on complex aspects of U.S. sanctions
  Leigh T. Hanson Oil major’s victory in Ukraine sanctions dispute sheds light on complex aspects of U.S. sanctions At a Glance… The overturning by a federal court of an OFAC penalty imposed after a large oil and gas company entered into contracts signed by a blocked person addresses important...
January 16th, 2020 | Legal, Oil Industry, Sanctions | Read More

American Club Circular no.02/20 – additional US economic sanctions imposed against Iran

American Club Circular no.02/20 – additional US economic sanctions imposed against Iran
American Club Circular no.02/20 – additional US economic sanctions imposed against Iran JANUARY 10, 2020   CIRCULAR NO. 02/20   TO MEMBERS OF THE ASSOCIATION   Dear Member: ADDITIONAL US ECONOMIC SANCTIONS IMPOSED AGAINST IRAN   Today, the US Treasury Department announced additional US sanctions...
January 10th, 2020 | P and I Clubs, Sanctions | Read More

The BDI@907 amid fast worsening geopolitics

The BDI@907 amid fast worsening geopolitics
John Faraclas The BDI@907 amid fast worsening geopolitics The BDI (Baltic Dry Index) lost another 69 points since yesterday thanks mainly to the Capes and bunker prices pressing rates down. There will be corrections in …both directions so all stakeholders have to be ready for every eventuality. 2020...
January 3rd, 2020 | Chartering, Civil Unrest, Dry Bulkcarriers, Markets, Military, News, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

HFW Briefing: Turkey: EU Sanctions by Christmas?

HFW Briefing: Turkey: EU Sanctions by Christmas?
. HFW Briefing: Turkey: EU Sanctions by Christmas? On 11 November 2019 the EU adopted the legal framework to impose asset freezing measures against certain individuals and entities in Turkey. At this stage, while the legal framework is in place, no individuals and entities have so far been made subject...
November 15th, 2019 | European Union, News, Sanctions | Read More

Pinch me, the BDI is up nine points amid geopolitical mess

Pinch me, the BDI is up nine points amid geopolitical mess
John Faraclas Pinch me, the BDI is up nine points amid geopolitical mess The BDI (Baltic Dry Index) …”hit” back today and a …record of plus nine points was observed bringing same up to 1,354 points. The Geopolitics cannot be followed anymore and be prepared for everything… John...
November 12th, 2019 | Banking, Books, Chartering, Comment, Dry Bulkcarriers, Energy, Finance, Markets, Military, Reports, Sanctions, Shipping Indices, Trade and Commerce | Read More

HFW Briefing: Managing Sanctions Risk in Contracts: The High Court provides guidance

Daniel Martin, partner HFW Managing Sanctions Risk in Contracts: The High Court provides guidance Recent sanctions have had a major impact on entities in China and Turkey, as well as their counterparties, and this has caused significant disruption to global markets. Given the broad scope of international...
October 24th, 2019 | Legal, Sanctions | Read More

Turkish actions in northern Syria sparks U.S. and EU sanctions reprisals

Turkish actions in northern Syria sparks U.S. and EU sanctions reprisals
Turkish actions in northern Syria sparks U.S. and EU sanctions reprisals At a Glance… In a dramatic shift in U.S. foreign policy, last week the U.S. withdrew its forces from northern Syria, paving the way for a Turkish offensive against the “Syrian Democratic Forces”. This offensive has attracted...
October 16th, 2019 | Legal, Military, Sanctions | Read More

Reed Smith Transportation Industry Group quarterly updates and articles – Q3

Reed Smith Transportation Industry Group quarterly updates and articles – Q3
From Reed Smith Shipping Reed Smith Transportation Industry Group quarterly updates and articles – Q3 This is our Reed Smith Shipping newsletter bringing together our thought leadership for each quarter. Below is a collection of our articles, blogs and webinars from July – September 2019. If...
October 15th, 2019 | Aviation, Emissions, Environment, Legal, Press and Media, Sanctions | Read More

LSLC-YMP and AIDIM Conference – Genoa – 7th and 8th November – PROGRAMME

LSLC-YMP and AIDIM Conference – Genoa – 7th and 8th November – PROGRAMME
LSLC-YMP and AIDIM Conference – Genoa To Young Maritime Professionals, You are invited to join us in Genoa for this Conference. LATEST CHALLENGES: WAR RISKS AND SANCTIONS Thursday 7th and Friday 8th November 2019 Chamber of Commerce of Genoa Via Garibaldi, 4, 16123 Genova GE, Italy     Attendance...
October 14th, 2019 | Events, Conferences,Forums and Symposiums, Legal, London Shipping Law Centre, Sanctions | Read More

The BDI@1,767 with Geopolitics in dire straits…

The BDI@1,767 with Geopolitics in dire straits…
John Faraclas The BDI@1,767 with Geopolitics in dire straits… What a week that was in all fronts; the BDI down, the Geopolitics in total disarray and Shipping at the cross-roads of a new era. John Faraclas’ daily and weekly recaps: The BDI was up after a long time given its continuous fall and gained...
October 4th, 2019 | Civil Unrest, Comment, Disputes, Markets, News, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Volatility and uncertainty bring the BDI@1,963… What next..?

Volatility and uncertainty bring the BDI@1,963… What next..?
John Faraclas Volatility and uncertainty bring the BDI@1,963… What next..? Per our upload earlier on today the BDI (Baltic Dry Index) went on a free fall headed by the triple digit fall of the Capes. Geopolitics still getting sour. John Faraclas end of the day recap: The BDI lost 90 points thanks...
September 26th, 2019 | Anniversaries, Chartering, Dry Bulkcarriers, European Union, Events, IMO, Insight, Markets, News, Piracy and Terrorism, Politics and Government, Safety and Security, Sanctions, Seizures, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce, WISTA - Women in Shipping | Read More

American Club Circular no. 33/19 – Guidance on the US sanctions compliance programs published by the US office of Foreign Assets Control

American Club Circular no. 33/19 – Guidance on the US sanctions compliance programs published by the US office of Foreign Assets Control
American Club Circular no. 33/19 – Guidance on the US sanctions compliance programs published by the US office of Foreign Assets Control SEPTEMBER 3, 2019     CIRCULAR NO. 33/19   TO MEMBERS OF THE ASSOCIATION   Dear Member:   GUIDANCE ON THE UNITED STATES SANCTIONS COMPLIANCE PROGRAMS...
September 3rd, 2019 | P and I Clubs, Sanctions | Read More

Surprise surprise the BDI is on the up…

Surprise surprise the BDI is on the up…
John Faraclas Surprise surprise the BDI is on the up The BDI (Baltic Dry Index) ended up eight point higher since yesterday and now stands at 1,720 points. Geopolitics as usual enigmatically perplexed might produce explosive situations from which Humanity will be greatly affected and conversely Shipping;...
August 8th, 2019 | Bribery and Corruption, Chartering, Comment, Corruption, Environment, Immigration, Insight, Markets, Military, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Joint Statement on Current Situation in the Strait of Hormuz

Joint Statement on Current Situation in the Strait of Hormuz
Guy Platten Joint Statement on Current Situation in the Strait of Hormuz Following the seizure of the oil tanker ‘Stena Impero’ on 19 July, the International Chamber of Shipping (ICS), the European Community Shipowners’ Associations (ECSA) and the Asian Shipowners’ Association (ASA) jointly...
August 1st, 2019 | Associations, Health and Safety, Safety and Security, Sanctions, Seizures | Read More

What a week that was: Turbulent markets and perplexed geopolitics

What a week that was: Turbulent markets and perplexed geopolitics
John Faraclas What a week that was: Turbulent markets and perplexed geopolitics The BDI (Baltic Dry Index) fell ten points earlier on today and now stands at 1,937; it also fell 233 points since last week’s 2,170!!! That was a fall thanks to the Capes’ “performance”! The Geopolitical aspects...
July 26th, 2019 | Chartering, Dry Bulkcarriers, Markets, Military, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

American Club member Alert 23 July 2019

American Club member Alert 23 July 2019
AMERICAN CLUB MEMBER ALERT (July 23, 2019) RE – ENHANCED VIGILANCE RECOMMENDED FOR VESSELS TRANSITING ARABIAN GULF (AG), STRAITS OF HORMUZ (SOH) AND GULF OF OMAN (GOO)  Following incidents of conflict, and the continuing risk of acts of piracy affecting merchant vessels operating in the Red Sea,...
July 23rd, 2019 | P and I Clubs, Piracy and Terrorism, Safety and Security, Sanctions | Read More

The BDI@2,191 approaches …the all time high for 5Y and 7M

The BDI@2,191 approaches …the all time high for 5Y and 7M
John Faraclas The BDI@2,191 approaches …the all time high for 5Y and 7M The BDI is just 56 points apart as of the end of Dec 2013 when the BDI stood at 2,247… Geopolitics being conspicuously “silent” might turn explosive to a degree of no return. John Faraclas’ daily recap: With only 56 points...
July 22nd, 2019 | Bunkering, Chartering, Comment, Conferences, Seminars, Forums, Dry Bulkcarriers, European Union, Markets, Military, News, Piracy and Terrorism, Politics and Government, Reports, Sanctions, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

ECSA pleads for seafarers’ welfare on UK vessel held in the Strait of Hormuz

ECSA pleads for seafarers’ welfare on UK vessel held in the Strait of Hormuz
Martin Dorsman ECSA pleads for seafarers’ welfare on UK vessel held in the Strait of Hormuz At around 16h00 GMT, on 19 July, UK-registered vessel Stena Impero was accosted by unidentified crafts and a helicopter in a transit in international waters through the Strait of Hormuz. Soon after, both...
July 22nd, 2019 | Associations, Health and Safety, Safety and Security, Sanctions, Seizures | Read More

The BDI@1,777 still buoyant with a record

The BDI@1,777 still buoyant with a record
John Faraclas The BDI@1,777 still buoyant with a record The BDI Baltic Dry Index gained half of what achieved yesterday – the 34 points plus and now with the 18 points clinched today stands at 1,777… Geopolitics… err the world is on fire; John Faraclas early recap news: The Capes gained only 18...
July 10th, 2019 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Tenders | Read More

The BDI@ 1,700 amid a Geopolitical pandemonium…

The BDI@ 1,700 amid a Geopolitical pandemonium…
John Faraclas The BDI@ 1,700 amid a Geopolitical pandemonium… The BDI (Baltic Dry Index) gained 151 points earlier on today. Geopolitics on all five continents are messy and surely Shipping will one way or another be affected. John Faraclas brief daily recap: Having reached the 1,700 points threshold...
July 4th, 2019 | Chartering, Comment, Dry Bulkcarriers, Markets, News, Politics and Government, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

A Capes’ market lifting the BDI@1,239

A Capes’ market lifting the BDI@1,239
John Faraclas A Capes’ market lifting the BDI@1,239 The BDI (Baltic Dry Index) gained 45 points earlier on today following a good triple-digit success by the Capes’ 198 and now stands at 1,239 points, over and above the 1,200 threshold. On a weekly basis the BDI was up 154 points – from 1,085 last...
June 21st, 2019 | Markets, Military, News, Reports, Sanctions | Read More