US Sanctions Companies, Ships Moving Iranian Oil
The U.S. sanctioned several entities and vessels this week that it said are trading in Iranian petroleum and petrochemicals, which is helping to generate billions of dollars in revenue for Iran’s government.
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The Treasury Department designated Marshall Islands-registered Journey Investment Company, the registered owner of the Djibouti-flagged crude oil tanker MS Enola, which Treasury said has shipped Iranian oil for several years. Others shipping Iranian oil include Liberia- and Greece-registered Rose Shipping Limited, which manages the MS Enola as well as the San Marino-flagged MS Angia and the Panama-flagged MS Melenia. The agency said Marshall Islands-registered Passada Maritime Limited owns the MS Angia.
Treasury also sanctioned Hong Kong-based Master Joint Co., Limited, which has been used by Iranian trader Triliance Petrochemical Company, designated by the U.S. in 2020 (see 2001230040), to coordinate sales of Iranian petrochemicals.
The State Department also sanctioned several companies and ships, including Seychelles-based Shiny Sails Shipping Ltd, which is associated with the Cameroon-flagged vessel Avital; India-based Atlantic Navigation OPC Private Limited; Suriname-based Galaxy Management NV, which has ties to the Panama-flagged vessel Vigor; and Hong Kong-based Brecalin Hong Kong Co Ltd, which is linked to Barbados-flagged vessels Progress V and Scorpius along with the Panama-flagged vessels Tasca and Eliza II.