Chengda Ship Management

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

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

Info:
Chengda Ship Management is involved in smuggling Iranian oil. Chengda Ship Management is being controlled by the Shanghai Xinchi Petrochemical Company;

In January, Indonesia seized two supertankers that were transferring Iranian oil at sea. One of the vessels, MT Horse, was Iranian-flagged and crewed by Iranian nationals. The other, MT Freya, was Panamanian, crewed by Chinese seamen, and managed by Shanghai Future Ship Management Co, a subsidiary of yet another Shanghai-based maritime firm called Chengda;

The Freya’s manager, Shanghai Future Ship Management Co. Ltd, does not appear on Chinese corporate records, but its listed address on corporate records matches that of Chengda Ship Management Co. Ltd;

Corporate records show that Chengda Ship Management also shares identifier information with Shanghai Prosperity Ship Management and Shanghai Xinchi Petrochemical Co., Ltd., a company whose beneficial owners and an executive were sanctioned at the same time as COSCO Shipping Tanker (Dalian) Seaman for engaging in oil transactions with Iran. The sanctioned individuals left their positions at the Xinchi Petrochemical around the time of the designation, records show;

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;

Industry:
Shipping Industry

Also Known As:
Shanghai Chengda Ship Management Co., Ltd.
Shanghai Chengda Ship Management Company
Shanghai Chengda Ship Management Company Ltd.

Country:
China

Address:
Room D11 3rd Floor Building 65, 248 Donglan Road Minhang District China

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;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.