Archive for the ‘Sanctions’ Category

The BDI needs at least an extra 1,300 points… to make sense

The BDI needs at least an extra 1,300 points… to make sense
John Faraclas The BDI needs at least an extra 1,300 points… to make sense … so be cautious and stay put.. The BDI (Baltic  Dry  Index) gained 33 points since yesterday and now stands at 977 – very close to the 1,000 point threshold. On a weekly basis the gains were good: 77 points – from 900...
July 21st, 2017 | Containers, Dry Bulkcarriers, Markets, News, Politics and Government, Ports & Terminals, Reports, Sanctions, Shipping Indices, Trade and Commerce | Read More

Dry Market gains ten points; so what!

Dry Market gains ten points; so what!
John Faraclas The BDI (Baltic Dry Index) gained hooray hooray ten points earlier on today and now reads 830; the Geopolitics continue to be in a mess; John Faraclas’ daily market briefing: Yesterday we hinted that we might see the market going for an upwards mode and it did happened… The Capers lead...
July 11th, 2017 | Bribery and Corruption, Communication, Corruption, Dry Bulkcarriers, Energy, Environment, Markets, Military, News, Oil Industry, Religion, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Falling BDI, turbulent Geopolitics leads to Armageddon

Falling BDI, turbulent Geopolitics leads to Armageddon
John Faraclas The BDI (Baltic Dry Index) fell two points and now reads 820; the entire Geopolitical spectrum leads with mathematical accurancy to a modern and ultra-destructive Armageddon. John Faraclas’ daily report: With minimal and controlled losses the BDI now reads 820 points – a crucial point...
July 10th, 2017 | Associations, Breaking News, Bribery and Corruption, Chartering, Containers, Dry Bulkcarriers, Energy, Environment, European Union, Gas, Immigration, Markets, Military, News, Oil Industry, Organisations, Religion, Safety and Security, Sanctions, Shipfinance, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
12-Jun-2017 TROPICAL STORM MERBOK Hong Kong DREDGING AT ALHAMBRA CROSSING Mississippi River, United States QATAR SANCTIONS UPDATE United Arab Emirates Tropical Storm Merbok Monday, June 12, 2017, Hong Kong According to the update issued by the Hong Kong Observatory at 11:00...
June 12th, 2017 | Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Sanctions, Weather | Read More

Hot Port News from GAC

Hot Port News from GAC
08-Jun-2017 PORT CLEARANCE AT KHASAB, OMAN, FOR VESSELS IN DIFFICULTY Khasab, Oman Port clearance at Khasab, Oman, for vessels in difficulty Thursday, June 8, 2017, Khasab, Oman The Port of Khasab, northern Oman, has agreed to issue port clearance to vessels having difficulties...
June 8th, 2017 | Port Conditions, Ports & Terminals, Sanctions | Read More

Hot Port News from GAC

Hot Port News from GAC
07-Jun-2017 DREDGING WORKS AT NORTH-WESTERN CORNER OF KWAI TSING CONTAINER BASIN Hong Kong ROCK EXCAVATION AND DREDGING WORKS IN KWAI TSING CONTAINER BASIN Hong Kong UPDATE: PORT ENTRY RESTRICTIONS – ABU DHABI Petroleum Ports, Abu Dhabi PORTS RESTRICTIONS – SAUDI ARABIA Saudi...
June 7th, 2017 | Port Conditions, Ports & Terminals, Sanctions | Read More

Hot Port News from GAC

Hot Port News from GAC
06-Jun-2017 PORT ENTRY RESTRICTIONS – ABU DHABI Petroleum Ports, Abu Dhabi Port entry restrictions – Abu Dhabi Tuesday, June 6, 2017, Petroleum Ports, Abu Dhabi Das Port Authority has confirmed that all vessels flying the Flag of Qatar, and all vessels, arriving from...
June 6th, 2017 | Piracy and Terrorism, Port Conditions, Ports & Terminals, Sanctions | Read More

Hot Port News from GAC

Hot Port News from GAC
05-Jun-2017 PORT ENTRY RESTRICTIONS Bahrain PORT ENTRY RESTRICTIONS – FUJAIRAH Fujairah, United Arab Emirates SHIP TO SHIP OPERATIONS SUSPENDED AT ANCHORAGE Salalah, Oman REMOVAL OF GOVERNMENT MOORING BUOY A29 OFF CAUSEWAY BAY TYPHOON SHELTER Hong Kong SUBMARINE OUTFALL INSPECTION...
June 5th, 2017 | Corruption, Earthquakes, Tsunamis, Cyclones and Typhoons, Politics and Government, Ports & Terminals, Sanctions | Read More

Important OFAC Iran FAQ Update provides clarity ‎on US dollar processing and due diligence

Important OFAC Iran FAQ Update provides clarity ‎on US dollar processing and due diligence
On 7 October 2016 OFAC issued an update to its “Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action (JCPOA) on Implementation Day” (the FAQs), providing further guidance on due diligence requirements for non-U.S. persons engaged...
October 10th, 2016 | Legal, Politics and Government, Sanctions | Read More

Still a low dry market with the BDI@718…

Still a low dry market with the BDI@718…
John Faraclas Despite going over and above the 700 threshold the BDI (Baltic Dry Index) we are still in a very low dry market; Geopolitics as said in the past, and shipfinance scandals that will surface, will drive the stakeholders mad. John Faraclas warns of dangers again: With a dozen points plus...
August 25th, 2016 | Bribery and Corruption, Earthquakes, Tsunamis, Cyclones and Typhoons, Events, Conferences,Forums and Symposiums, Exhibitions, Immigration, Maritime Fraud, Markets, Religion, Sanctions, Shipfinance | Read More

OFAC Issues General License Allowing for Temporary Sojourn to Iran for Certain Civil Aircraft

OFAC Issues General License Allowing for Temporary Sojourn to Iran for Certain Civil Aircraft
Insight / Sanctions update   OFAC Issues General License Allowing for Temporary Sojourn to Iran for Certain Civil Aircraft OFAC has issued General License J, “Authorising the Re-exportation of Certain Civil Aircraft to Iran on Temporary Sojourn and Related Transactions.” Specifically, General...
August 5th, 2016 | Aviation, Legal, Sanctions | Read More

Syria Sanctions

Syria Sanctions
London Circular: L.278 Steamship Mutual has published a Circular regarding the current status of EU and US sanctions in respect of Syria. Please see below link to Club Circular L.278 which is now available on the Steamship Mutual website. Syria Sanctions Background Both the European Union and the United...
May 24th, 2016 | Associations, Organisations, Politics and Government, Sanctions | Read More

Iran Trading. Increased limit of fall-back cover

Iran Trading. Increased limit of fall-back cover
London Circular: L.27 Further to Club Circular L.273 concerning the placement of fall-back cover by the International Group to provide cover against potential reinsurance shortfalls in relation to Iran-related claims, the Group has increased the level of fall-back cover to EUR100 million to enhance the...
April 14th, 2016 | Insurance and Reinsurance, P and I Clubs, Sanctions | Read More

The BDI@555; no fuming, …just smoking*

The BDI@555; no fuming, …just smoking*
John Faraclas With another 16 points plus earlier on today since last Friday’s closing, the BDI (Baltic Dry Index) at 555 is trying to maintain a level of fewer losses given that all ships more or less need US$ 2-2500 daily support/self-finance from its owners to avoid lay-ups or being by its creditors...
April 11th, 2016 | Civil Unrest, Containers, Dry Bulkcarriers, Insight, Markets, Military, Piracy and Terrorism, Ports & Terminals, Sales and Purchases, Sanctions, Shipbuilding and Shipyards, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

Iran Trading – P&I cover update

Iran Trading – P&I cover update
Following from the Steamship Insurance Management Services Limited London Circular: L.273 Further to Club Circular L.272 concerning the lifting of EU and US sanctions under the JCPOA, the Club has published a follow-up circular addressing P&I cover issues in connection with trade to/from Iran, and...
March 22nd, 2016 | Marine Insurance, P and I Clubs, Sanctions | Read More

Only at 2, 000 plus points the BDI(and Shipping) will make sense…

Only at 2, 000 plus points the BDI(and Shipping)  will make sense…
John Faraclas Whilst the BDI is…approaching the 400 points threshold, in reality and despite what the media and analysts report, as well as what the owners and managers want – needless to say the expectations from the stock markets for the listed companies and the financiers’ interest, given...
March 21st, 2016 | Chartering, Civil Unrest, Containers, Corruption, Disputes, Dry Bulkcarriers, Fixtures, Gas, Health and Safety, Immigration, Markets, News, Oil Industry, Safety and Security, Sales and Purchases, Sanctions, Ship Demolitions, Ship Finance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

US Further Eases Cuba Sanctions

US Further Eases Cuba Sanctions
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has amended the Cuban Assets Control Regulations (CACR) (the CACR Amendments). Douglas Maag and Daniel Correll write: According to Treasury Secretary Jacob J. Lew, the amendments: build on the actions of the last 15 months...
March 21st, 2016 | Associations, Legal, Sanctions | Read More

London Market’s Risk Appetite for Iran Business Weighed Down by Remaining US sanctions

London Market’s Risk Appetite for Iran Business Weighed Down by Remaining US sanctions
As reported in the Financial Times, new research by Clyde & Co reveals that, despite the lifting of certain EU and US sanctions, the remaining US sanctions are negatively impacting the London market’s risk appetite for Iranian business. By Chris Hill, Partner, and Wynne Lawrence, Associate The...
March 13th, 2016 | Legal, Sanctions, Trade and Commerce | Read More

US Enacts Secondary Sanctions Concerning North Korea

US Enacts Secondary Sanctions Concerning North Korea
On February 18, 2016, President Obama signed the North Korea Sanctions and Policy Enhancement Act of 2016 into law. The wide-ranging law was enacted in response to North Korea’s nuclear weapons test on January 6, 2016, and it significantly expands the scope of the current US-North Korean sanctions...
February 29th, 2016 | Sanctions | Read More

HFW Briefing – Iran sanctions: guidance for insurers, reinsurers and brokers

HFW Briefing – Iran sanctions: guidance for insurers, reinsurers and brokers
Iran sanctions: guidance for insurers, reinsurers and brokers Insurers, reinsurers and brokers will be looking carefully at the latest Iran sanctions developments to see whether the sanctions relief presents...
February 24th, 2016 | Communication, Energy, Insurance and Reinsurance, Marine Insurance, Reports, Sanctions | Read More

Implementation Day – trade update from Clyde & Co on Iran

Implementation Day – trade update from Clyde & Co on Iran
As reported in our update of 17 January 2016, the lifting of EU sanctions following Implementation Day is expected to trigger a substantial increase in trade between western companies and their Iranian counterparts. Written by Michael Swangard  (on the left) and Anousheh Bromfield . In a move which...
February 5th, 2016 | Legal, Press and Media, Sanctions | Read More

Strict compliance process still needed over Iranian business…

Strict compliance process still needed over Iranian business…
Frédéric Denèfle. Strict compliance process still needed over Iranian business as insurance curbs are dropped By James Brewer Insurers are being advised that before underwriting Iran-linked risks, they must carry out thorough checks to avoid violating the US sanctions on Tehran that remain in place....
February 3rd, 2016 | Associations, Conferences, Seminars, Forums, Marine Insurance, News, Sanctions | Read More

The Migrants issue continues…

The Migrants issue continues…
John Faraclas Without prejudice Anathema and Migrants: Human Aggression at its best! Why all this hypocrisy by all involved and in particular from the so called politically correct EU’s masters of colonialism? Do they have an idea what an… ism ending means and entails…? John Faraclas’s insight...
February 1st, 2016 | At the end of the day..., Bribery and Corruption, Civil Unrest, Claims, Corruption, Defense, Health and Safety, HR, Immigration, Insight, Maritime Accidents, Maritime Fraud, Military, News, P and I Clubs, Religion, Sanctions, Seizures | Read More

Monthly Global Economic & Market Monitor (Monday, February 01, 2016)

Monthly Global Economic & Market Monitor (Monday, February 01, 2016)
Monthly Global Economic & Market Monitor (Monday, February 01, 2016) Viewers can read the preamble and at the end the entire report in the link that follows: Global growth is expected to move broadly sideways, hovering around 3.3% in 2016 from 3.1% in 2015, the slowest pace in the post-crisis period....
February 1st, 2016 | Banking, Company Profiles, Energy, Environment, Finance, Markets, Military, News, Person Profiles, Piracy and Terrorism, Reports, Sanctions, Shipfinance, Statistics, Stock Markets | Read More

The Rollback of Iranian Sanctions: What does this mean for the international oil and gas sector?

The Rollback of Iranian Sanctions: What does this mean for the international oil and gas sector?
January 26, 2016 | Written by Clare Hatcher, Richard Devine, Brett Hartley and Thomas Chapple Iran is one of the most significant producers of crude oil and natural gas in the world. According to the OFAC Annual Statistical Bulletin 2015, Iran has proven crude oil deposits equating to 157, 530 million...
January 26th, 2016 | Associations, Banking, Energy, Gas, LNG, Markets, Oil Industry, Sanctions, Seizures | Read More