Hong Kong; Hong Kong

Room 2703, Richmond Comm. Bldg., 109 Argyle Street, Mongkok, Kowloon, Hong Kong, China

IMO 6126330, Identification Number; 2874294, Company Number; 71177840, Business Registration Number

Hong Kong-based Ceres Shipping Limited owns the CERES I. The CERES I has been involved in transporting Iranian oil since at least 2021. In January 2024, near Singapore, the CERES I transferred via ship-to-ship transfer nearly 300,000 metric tons of Iranian crude oil in the interest of U.S.-designated Jazira Das International Products Trading LLC, CCPC, and NIOC. Notably, in July 2024, the CERES I was involved in a collision with another oil tanker that caused an oil spill in international waters near Malaysia. At the time of the collision, the CERES I’s vessel tracking signals were inconsistent with its position, which inhibited communication with the other vessel. Ceres Shipping Limited is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy. The CERES I is being identified as property in which Ceres Shipping Limited has an interest.

https://home.treasury.gov/news/press-releases/jy2734

2024-12-03

US

Executive Order 13902 of January 10, 2020 Imposing Sanctions With Respect to Additional Sectors of Iran

OFAC country specific

Iran

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

E.O. 13902 imposes sanctions with respect to any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate in the construction, mining, manufacturing, and textiles sectors of the Iranian economy, and any additional sectors of the Iranian economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State. On October 8, 2020, the Secretary of the Treasury identified the financial sector of the Iranian economy for additional sanctions under E.O. 13902. Iranian and non-Iranian persons operating in these sectors could be subject to sanctions pursuant to E.O. 13902.

SDN