top of page
All Articles
NORD YOUNG


A General License Is Not a Statute: The Russian Diesel Cargo and Everyone in the Chain
On 27 October, Senator Richard Blumenthal wrote to the managing director of a Greek shipowner and told him to turn his ship around. The vessel is the Malta-flagged Agioi Fanendes, which loaded close to 40,000 metric tons of ultra-low-sulfur diesel at the Russian Baltic port of Primorsk on 22 October. Shipping data cited in the letter showed it signaling the Port of New York and New Jersey with an expected arrival of 7 November. The owner is Eastern Mediterranean Maritime Limi
Richard Young
2 days ago7 min read


Two Regimes, One Vessel: What Sanctions Divergence Does to Your Screening
Sanctions compliance in shipping has never run on a single rulebook. The U.S., UK, and EU maintain separate designations, separate prohibitions, and separate licensing mechanisms, even when their policy objectives align. Operators have managed that by working to the strictest applicable restriction and treating the regimes as broadly convergent. October has made the differences commercially sharp, and it has produced numbers that measure them. On 19 October, U.S. Energy Secre
Richard Young
Oct 2011 min read


The 50 Percent Rule: Why Ownership Screening Is Harder Than It Looks
A counterparty screens clean. The name returns no hits on the Specially Designated Nationals list, the company is registered in a jurisdiction with no sanctions program against it, and the vessel it owns has never appeared on a designation notice. None of that tells you the company is not sanctioned. Under the ownership rules applied by the United States, the European Union, and the United Kingdom, an entity can be subject to an asset freeze without ever being named, purely b
Richard Young
Oct 58 min read


Iran's Non-Compliant Vessels List: The Strait of Hormuz Trap With No Clean Exit
On Sunday August 23, the Persian Gulf Strait Authority published its first Non-Compliant Vessels list. Announced through the body's X account and hosted on its website, the list names vessels Iran says have violated its arrangements for transiting the Strait of Hormuz and warns that they face restrictions on future passages including fines, detention, seizure, or confiscation. Shipping companies, the statement said, must review the list before chartering in order to avoid pot
Richard Young
Aug 317 min read
Search by Tag
bottom of page