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US targets Emirati shipmanager and 13 vessels in latest round of Iran-related sanctions

The US has imposed sanctions on a United Arab Emirates-based shipmanager and 13 vessels linked to its role in shipping commodities on behalf of Iran’s military.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) said Thursday that Dubai-based Oceanlink Maritime facilitated shipments of unspecified Iranian commodities on behalf of Iran’s Armed Forces General Staff (AFGS) and Ministry of Defense and Armed Forces Logistics (MODAFL).

OFAC added that the Oceanlink Maritime-managed VLCC Hecate recently loaded Iranian crude valued at more than $100m in a ship-to-ship transfer. The transfer occurred on March 25, according to OFAC. The commodities were transferred from the VLCC Dover, a previously designated vessel operated by the National Iranian Tanker Company (NITC) on behalf of Iran’s Sepehr Energy, to the Hecate “using obfuscation techniques to conceal the locations of the vessels,” OFAC said.

In addition to the Hecate, 12 ships managed by Oceanlink Maritime, including VLCCs, product tankers and LPG carriers, were identified as blocked property. The vessels, flagged in Comoros, Antigua and Barbuda, Belize, the Cook Islands, and Panama “are deeply involved in shipping Iranian commodities, including on behalf of Iran’s military,” the Treasury Department said, adding that some had been involved in this activity as recently as March of this year. 

“We are focused on disrupting Iran’s ability to finance its terrorist proxy and partner groups and support to Russia’s war of aggression against Ukraine,” said undersecretary of the Treasury for terrorism and financial intelligence Brian Nelson, adding: “The United States will continue to use our full range of tools to target the illicit funding streams that enable Iran’s destabilizing activities in the region and around the world.”

In addition, OFAC updated its sanctions list regarding the controversial Young Yong VLCC, which ran aground near a critical gas pipeline that supplies gas to Singapore in October 2022 and now goes under the name Saint Light, “possibly to obfuscate its identity”. The Barbados-flagged 306,300 dwt ship, for which OFAC said it also operates as Stellar Oracle, has been accused of conducting a ship-to-ship transfer of over $100m worth of Iranian crude on March 27 with a sanctioned NITC-operated Hawk. The Hawk had loaded the same cargo on March 22 from another sanctioned VLCC, the Kohana.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.

Comments

  1. World peace or WWIII suicide ?

    “Sanctions”, or a “Siege” as it was called in the Middle Ages when blockading a castle from getting fresh supplies.

    To be fair, it is also long overdue that sanctions where placed on America, Isreal and the U.K. for all of their continuous nefarious international shenanigans over the many decades.
    There are only a few nations causing global problems but, some appear to be above the facade of “international law” that nobody enforces equally without bias.

    There’s been over 250 wars since 1945 and several genocides, countless war crimes, many democratic governments overthrown and, America was involved in most of them one way or another with zero accountability !

    We need global stability and that won’t happen via force and tyranny by any nation. All empires are parasites and they don’t work. Pseudodemocracy is pointless, not one nation on this planet has a real democracy, to most people it’s just a convenient bleat that they don’t know the real meaning of.

    Our species and all life on the planet depends on our sanity. Time to grow up and get rid of the dangerous childish mentality, the mediaeval style greed and corruption that we call State or government is rotten to the core.

    Too many abusive and corrupt crazy people are in positions of global power, it is dangerous if not a fatal scenario to find ourselves in. We only have one planet, maybe we should learn to be more legit diplomatic and less nefarious self-serving Machiavellian treacherous psychopaths in nature.

    Politicians don’t serve or protect anybody other than their own cronies. They don’t care about the public at all, unless they want to be “elected” for that 1 year out of 4, or when they want cannon fodder for the wars they start but never fight in person.

    Wars would soon become a thing of the past if all the warmongering politicians, corporate CEO’s and bankers were sent to the frontline trenches to fight it themselves.

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