U.S. sanctions update
During the last few weeks, U.S. authorities have increased their focus on international shipping in a recent escalation of U.S. sanctions, particularly, in respect of trade to/from Venezuela and Iran.
The following article published by Gina Venezia of Freehill Hogan & Mahar LLP provides insight into recent steps being taken, and new guidance issued to the industry, by U.S. authorities in furtherance of these governmental sanctions programs, heightening the importance of and the need for up-to-date sanctions compliance throughout the shipping community.
The week of June 1, 2020, sees additional steps in the sanctions targeting Venezuela and Iran.
Full update available here.
If you have any questions regarding this update then please get in touch with your Club contact who will be pleased to assist you.
You may also be interested in:
In February, a shipwreck off Calabria, Italy, claimed at least 72 lives, adding to the tragic toll of people who perished in the sea whilst taking dangerous journeys to Europe
It was back in 1958 that the Greek Code of Maritime Law 3816/1958 became national law
On 25 February 2023, the EU adopted its 10th package of sanctions against Russia
Rising interest in methanol as ship fuel
The maritime industry's interest in alternative fuel ships is rising, and methanol is one of the fuels gaining traction alongside biofuels and LNG