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Ofac says SCG Plastics caused US financial institutions to unknowingly process $300m in Iranian HDPE sales by falsifying shipping documents, with the settlement underscoring the agency's intent to penalize companies that conceal sanctioned entities' involvement leading to unknowing US transaction handling
Sanctions are a key tool for Western governments to damage Russia’s economy. The US has been actively targeting ships and, while this successfully forces changes in behaviour, many vessels are still able to do business freely, thereby revealing the limits of these restrictions
From Shanghai to Hong Kong and then to Tokyo, shipping companies’ stocks continued their upward trend from last Friday, following news of escalating conflicts in the Middle East
The general cargoship diverted to Rostock after a propeller malfunction and was held by German authorities investigating the cargo of wood it was carrying from Russia to Baltimore
More than 30 countries condemn Iran’s seizure of containership on April 13 and deadly attacks on international shipping in the Red Sea by Iran-backed Houthis