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:
COSCO Shipping Tanker (Dalian) Co. has been charged with knowingly violating restrictions on handling and transacting Iranian petroleum;

The sanctions bar U.S. citizens and companies from dealing with the shipping companies, effectively blocking them from American banks at the heart of the global financial system. They also block any property or interests the firms or people have in the U.S. and forbid any American assets from being paid or transferred to them;

China, the world’s largest crude buyer, continues to import oil and petroleum products from the Persian Gulf nation in the face of the White House’s sanctions on the OPEC producer. It took 788,000 tons of crude from Iran in August, compared with a monthly average of 2.4 million tons last year, Chinese customs data show. The sanctions could complicate talks to end the U.S.-China trade war, which resume in Washington next month.

COSCO Shipping Energy, the parent of COSCO Shipping Tanker (Dalian), halted trading in Hong Kong on Thursday after the announcement;

The move is aimed at denying the Iranian regime critical income to engage in foreign conflicts, advance its ballistic missile development, and fund terrorism around the world, Pompeo said. These sanctions are over the transport of Iranian crude oil, and the U.S. is similarly concerned about the export of Iranian refined petroleum products, he said;

On January 31, 2020, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury removed sanctions on COSCO Shipping Tanker (Dalian). The delisting may have resulted from US-Chinese government-to-government discussions around “Phase 1” of the US-China trade deal, signed on January 15, 2020. Another COSCO entity—COSCO Shipping Tanker (Dalian) Seaman and Ship Management—remains designated, and US persons remain prohibited from transacting with it and with its direct or indirect subsidiaries;

According to COSCO’s 2018 annual report, these subsidiaries, which are no longer sanctioned, are:
– China LNG Shipping (Holding) Limited
– COSCO Shipping Tanker (Dalian) Haven Automation Co., Ltd.
– COSCO Shipping Tanker (Dalian) Electronic Co., Ltd.
– Shenzhen COSCO LPG Shipping Co., Ltd.
– Dalian Huachang Shipping Co., Ltd.
– Pan Cosmos Shipping and Enterprise Co. Limited

Subsidiary company:
COSCO SHIPPING Tanker (Dalian) Co., Ltd. supply branch
Dalian Huachang Shipping Co., LTD.
Pan Cosmos Shipping & Enterprises Co., Ltd.
Shen Zhen COSCO LPG Shipping Co., LTD.

Also Known As:
COSCO Shipping Tanker (Dalian) Co., LTD.
COSCO Shipping Tanker DAlian
Dalian Ocean Shipping Co., LTD.
Dalian Ocean Shipping Company
Dalian Yuanyang Yunshu Gongsi
Dalian YuanYang Yunshu Youxian Gongsi
Dalian Zhongyuan Haiun Youpin Yunshu Youxian Gongsi

Country:
China

Address:
Building B, Dalian International Ocean Building, No. 6, Youhao Plaza, Zhongshan District, Dalian, Liaoning 116001, China

Phone:
0086- 411-82636161

Website:
www.coscodl.com/english/

E-mail:
info@coscodl.com
service@coscodl.com

Person of interests:
Yang Shicheng – Managing Director and The Vice Secretary of Party Committee
Wang Zenghua – The Secretary of Party Committee and The Vice Managing Director
Zhang Qinghai – The Secretary of Committee of Disciplinary & Inspection and Party committee member
Bu Fanyi – Vice Managing Director

Reason for the color:
» Removed sanctions from the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 31, 2020 pursuant to Executive Order 13846 for knowingly engaging in a significant transaction for the transport of oil from Iran;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 9/25/2019 pursuant to Executive Order 13846 for knowingly engaging in a significant transaction for the transport of oil from Iran;


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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.