Room D11, 3rd Floor, Building 65, 248, Donglan Lu, Minghang Qu, Shanghai, 201102, China

IMO 6171619, Identification Number

PRC-based Shanghai Future Ship Management Co Ltd manages and operates the VERONICA III and the MEROPE. The VERONICA III and the MEROPE have been involved in the illicit transport of Iranian oil on behalf of NIOC since at least 2022. The VERONICA III has transported hundreds of thousands of metric tons of Iranian crude oil on behalf of NIOC and CCPC. Shanghai Future Ship Management Co Ltd has managed illicit shipments of Iranian oil for years; in 2021, a vessel managed by Shanghai Future Ship Management Co Ltd was seized by Indonesian authorities when it was detected transferring oil from an Iranian-flagged tanker owned by the National Iranian Tanker Company (NITC), causing an oil spill. Both vessels were attempting to conceal their identities by concealing their flags and turning off their automatic identification systems (AIS). Shanghai Future Ship Management Co Ltd is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy. The VERONICA III and the MEROPE are being identified as property in which Shanghai Future Ship Management Co Ltd 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