Iran
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American Shipper
Attack on Iranian tanker stokes blazing VLCC rates
VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.
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American Shipper
Sanctions are cleaving the global shipping fleet in two
U.S. sanctions targeting a subsidiary of China’s COSCO Shipping could have far-reaching consequences.
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American Shipper
Saudi attacks spark higher tanker earnings
This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.
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American Shipper
How drone attacks impact shipping: non-tanker fallout
The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.
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Energy
Oil prices likely to surge at Sunday’s opening after a “different” type of Saudi Arabia disruption
The drone attacks were a combination of low-tech equipment versus an oil giant, creating more disruption than any time in recent history.
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American Shipper
Iran sanctions and ship bunkering
Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.
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American Shipper
Turkish businessman sentenced for Iran export conspiracy
Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.
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American Shipper
US sanctions Hong Kong firm posing as back door to Iran
A Hong Kong firm was sanctioned this week by the Office of Foreign Assets Control for its alleged role in the illegal transshipment of U.S.…
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American Shipper
PACCAR settles $1.7 million OFAC penalty for DAF misstep
PACCAR agreed to a $1.7 million settlement from the U.S. Treasury Department that its European subsidiary, DAT Trucks, illegally engaged in the sale 63 trucks…
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Maritime
Port Report: Shipowners call for end to tension after Iranians seize another oil carrier (with video)
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
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