The group said Thursday it applauded the U.S. Treasury Department’s Office of Foreign Assets Control for blacklisting Tidewater Middle East Co. and Iran Air by adding them to its “specially designated national” list.
OFAC said the list includes individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups and entities such as terrorists. Their assets are blocked and U.S. persons are generally prohibited from dealing with them.
UANI repeated its call to companies around the world to stop doing business with Iran.
The Treasury Department noted there is no relationship between Tidewater Middle East Co., and Tidewater, a U.S.-headquartered international shipping company listed on the New York Stock Exchange as TDW.
“In designating Tidewater and Iran Air weapons proliferators, the U.S. Treasury Department has highlighted Iran’s common tactic of exploiting shipping and cargo carriers. The regime has a long history of falsifying cargo declarations and deceiving other nations in order to illegally import nuclear technology and ship weapons to terrorist groups,” said Mark D. Wallace, president of UANI.
A profile on Tidewater’s Web site said major clients include many of the world’s leading 'shipping lines such as IRISL, CMA CGM, Evergreen Marine Corp, Ignazio Messina, 'K' Line, Maersk Line, Malaysia International Shipping Corp., Mediterranean Shipping Co., NYK Lines, Pacific International Lines, Regional Container Line (RCL), UASC, SimaTech, Yang Ming Line, OOCL, COSCO, Hanjin, China Shipping Container Line, TS-Line, Emirates United Arab Shipping Co., and Wan Hai.'
UANI has published a research report titled Iran’s Exploitation of the Shipping Industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now