Freya Limited

Freya Limited is connected to a broader network of actors sanctioned for Iran-related petroleum trade, according to a Kharon investigation

Status:High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Risk Level:89%

May harm your business future.

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Tanker Freya has delivered two cargoes to China in the past few months, the Reuters report said, citing an analyst with Refinitiv. China also sought details from Indonesia on the incident, as 25 of its nationals were among the detained crew, according to a media report;

The Freya is connected to a broader network of actors sanctioned for Iran-related petroleum trade, according to a Kharon investigation;

The vessel is owned by the Marshall Islands-listed company, Freya Limited, which shares an address in Singapore with the vessel’s operator, Moonlight Shipping Pte. Ltd., maritime records show;

Moonlight Shipping is owned by an individual who, in corporate records, listed a Dalian, China, based address identified by the U.S. Treasury Department as an address for COSCO Shipping Tanker (Dalian) Seaman And Ship Management Co., Ltd;

Profits from oil sales support the IRGC’s full range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for terrorism, and a variety of human rights abuses, at home and abroad;

According to the U.S. Treasury Department – Individuals and entities engaged in certain transactions involving petroleum or petroleum products from Iran or certain Iran-related persons on the SDN List should be aware that engaging in such conduct may result in designation or other sanctions under U.S. sanctions authorities unless an exception applies. Those who knowingly engage in significant transactions for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran — or knowingly provide significant support to an Iranian person on OFAC’s List of Specially Designated Nationals and Blocked Persons (SDN List), such as the National Iranian Oil Company (NIOC), the National Iranian Tanker Company (NITC), and the Islamic Republic of Iran Shipping Lines (IRISL) — are at serious risk of being targeted by the United States for sanctions, regardless of the location or nationality of those engaging in such activities. Further, persons providing bunkering services to vessels transporting petroleum or petroleum products from Iran risk being subject to sanctions unless an applicable waiver or exception applies.The United States continues to take strong action to deny the Government of Iran funds derived from the illicit exportation of petroleum or petroleum products from Iran;

Shipping Industry

Also Known As:
Freya Shipping


10 Buroh Street #04-35, West Connect Building Singapore

Reason for the color:
» Seized vessel shows wider ties to illicit Iranian oil trade networks;
» OFAC Advisory to the Maritime Petroleum Shipping Community – September 4, 2019;