Iran’s flag-shopping fleet drags registries into sanctions net.
Registries and flag administrations can expect the US authorities to pay close attention to anything that gives off the impression of circumventing the Trump administration’s attempt to strangle Iran’s trading power. REGISTRIES of Panama, Gabon, Honduras and Belize have re-flagged vessels that have either been sanctioned by the US for…
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JanOil rally cools as Iranian strike causes no U.S. casualties.
Oil’s rally faded as the U.S said Iranian airstrikes on military bases in Iraq didn’t cause any casualties, reinforcing speculation that Tehran is opting for limited retaliation over the killing of a top general. Futures in London initially surged more than 5% as the Islamic Revolutionary Guard Corps claimed responsibility…
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JanGNMTC announces its 2020-2023 modernization plan, ship auction
Libya’s state sea transport company, the General National Maritime Transport Company (GNMTC), announced Thursday its 2020-2023 development plan. The company said the plan involves modernizing its maritime fleet, which is constituted of 22 vessels, over the next four years. It reported that the first phase of this plan is the…
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JanMalaysia denies links to tanker arrested by Iran.
MALAYSIA has confirmed that the vessel detained by Iran is not Malaysian-flagged and the crew are not Malaysians. Earlier this week it was reported that a tanker was seized in Strait of Hormuz on suspicion of smuggling oil and its 16 crew arrested. Malaysian foreign minister Saifuddin Abdullah told local…
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JanJapan to send destroyer on one-year Middle East deployment
JAPAN has approved a plan to send its own forces to the Middle East, marking the first time naval assets have been deployed overseas under a wider ambit given to the Japan Self-Defense Forces under a 2015 constitutional law revision. Japan will send a warship and patrol planes to protect…
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