OFAC General License X for Iranian-Origin Oil and Petroleum Products ✅ On 22 June 2026, the U.S. Office of Foreign Assets Control (OFAC) issued General License X, temporarily authorizing certain transactions involving Iranian-origin crude oil, petrochemical products, and petroleum products.✅ The authorization is valid until 12:01 a.m. EDT on 21 […]
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The United Kingdom has significantly escalated its sanctions framework against Russia, with sweeping new rules that came into force on 20 May 2026. The amended regulations touch virtually every corner of maritime trade — from liquefied natural gas shipments and oil refining to uranium imports and cutting-edge technology exports. The […]
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On 23 April 2026, the Council of the European Union adopted its 20th sanctions package against Russia, reinforcing and expanding existing measures under Regulations (EU) 833/2014 and 269/2014. Implemented through Council Regulations (EU) 2026/506, 2026/509, and 2026/511, the package represents one of the most comprehensive updates in recent years, particularly […]
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The Australian Maritime Safety Authority (AMSA) has issued a strong warning to maritime employers, stressing that failure to uphold minimum standards for seafarers’ welfare will lead to serious enforcement actions. Under the Maritime Labour Convention (MLC), ship operators are obligated to ensure timely wage payments, safe living conditions, sufficient rest, […]
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