Tag: Shipping Industry

IRISL transferred ownership of the four Hong Kong-registered companies to Santarosa Shipping Company Limited in June 2018, according to the Hong Kong corporate registry

King Power Holdings Limited, a Hong Kong company helped IRISL obfuscate its ownership of 19 bulk carriers in a separate sanctions evasion scheme

Bosphorus Transportation maintains ties with IRISL through a common director with Istanbul Shipping. Although Bosphorous Transportation is further removed from IRISL, its shared director with Istanbul Shipping suggests that despite changes in ship management and ownership, IRISL’s managerial control of the vessels was never entirely severed

Tanker-Themis’ current operator is the Shanghai Prosperity Ship Management Company, has a history of assuming management of vessels tied to networks implicated in Iran-related petroleum trade. It operates three vessels that had been operated by COSCO’s Dalian-based subsidiaries around the time they were sanctioned, maritime records show

Tanker MT Freya, managed by Shanghai Future Ship Management, is involved in smuggling Iranian oil

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