A Singapore-based company has been slapped with US sanctions for links to the Iranian oil trade, becoming the first in the city-state to be penalized for assisting with oil transfers at sea.
Shipload Maritime Pte was sanctioned because it “knowingly engaged in a significant transaction for the transport of petroleum or petroleum products from Iran,” according to a statement from the US Department of State on March 13. The punishment relates to an ship-to-ship transfer in December near Indonesia.
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