The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. – William Arthur Ward The U.S. maritime industry is much like a great ship: It is subject to unforeseen forces, and it...more
1/12/2024
/ China ,
Climate Change ,
Economic Sanctions ,
Environmental Social & Governance (ESG) ,
Federal Maritime Commission ,
Geopolitical Risks ,
Greenhouse Gas Emissions ,
Greenwashing ,
Inflation Reduction Act (IRA) ,
Iran ,
Maritime Transport ,
Military Conflict ,
Oil Prices ,
Popular ,
Presidential Elections ,
Russia ,
Shipping ,
Shipping Cargo ,
Vessels
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on Oct. 12, 2023, designated two tank vessels and their registered owners as Specially Designated Nationals (SDNs) for allegedly transporting...more
As an update to an earlier Holland & Knight alert on the same topic, the U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) has published another determination pursuant to Executive Order 14071 expanding...more
2/8/2023
/ Australia ,
Biden Administration ,
Crude Oil ,
Economic Sanctions ,
EU ,
Executive Orders ,
Exports ,
G7 ,
Maritime Transport ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Petroleum ,
Russia ,
Tariffs ,
Ukraine
The U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) on Nov. 21, 2022, published a determination pursuant to E.O. 14071 prohibiting U.S. persons from providing certain services related to the maritime...more
In the past week, the White House has launched additional salvos of sanctions against the Russian Federation in response to its continued efforts to undermine the sovereignty and territorial integrity of Ukraine. This Holland...more
3/15/2022
/ Biden Administration ,
Economic Sanctions ,
Energy Sector ,
Executive Orders ,
General Licenses ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Shipping ,
Trade Restrictions ,
Ukraine
As sanctions continue to ratchet up in response to Russia's unprovoked invasion of Ukraine, global responses in the maritime sector are moving at breakneck speed. Indeed, several governments are taking steps to block vessels...more
3/4/2022
/ Asset Seizure ,
Biden Administration ,
Canada ,
Coast Guard ,
Economic Sanctions ,
Foreign Policy ,
Ports ,
Proposed Legislation ,
Russia ,
UK ,
Ukraine ,
Vessels