Regulation

Shipping companies must keep an eye out for red flags on sanctions

Shipping companies should keep an eye out for four red flags, which increase the risk of breaching sanctions against North Korea, Iran and Syria. The US is keeping a close eye on shipping, lawyer tells ShippingWatch.
Tanker vessel Grace 1 was detained off the coast of Gibraltar in early July on suspicion of sailing oil to Syria. | Photo: JORGE GUERRERO/AFP / AFP
Tanker vessel Grace 1 was detained off the coast of Gibraltar in early July on suspicion of sailing oil to Syria. | Photo: JORGE GUERRERO/AFP / AFP
by NIKLAS KRIGSLUND

Four red flags should make shipping companies extra cautious that they are not being used to circumvent sanctions against countries such as North Korea, Iran and Syria, says a lawyer with expert knowledge on sanctions in the wake of a number of spectacular incidents.

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