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Organization

Last Updated: April 20, 2026

  1. Search
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  3. Organization

Last Updated: April 20, 2026

Organization

FALLON SHIPPING COMPANY LIMITED

Aliases

FALLON SHIPPING CO LTD

Address

Port Victoria, Mahe, Seychelles

Reg. ID

IMO 5732240, Identification Number

Official reason

Seychelles-registered Fallon Shipping Company Limited and Bangladesh-based Aren Ship Management serve as the owner and technical manager of the POLARIS 1, respectively. Fallon Shipping Company Limited and Aren Ship Management are being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy. POLARIS 1 is being identified pursuant to E.O. 13902 as blocked property in which Fallon Shipping Company Limited has an interest. Suriname-based Sea Services Providers NV serves as the owner and operator of the LEXI. Sea Services Providers NV is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy LEXI is being identified pursuant to E.O. 13902 as blocked property in which Sea Services Providers NV has an interest.

Other Information

https://home.treasury.gov/news/press-releases/sb0049

Date of listing

2025-03-13

Program information
Program information
Authority

US

Program

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

Regime

OFAC country specific

Target State

Iran

Measures

Blocking Property, Suspending Entry, Trade sanctions

Sanctions Portfolio

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

Official Information

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.

Additional Details

SDN

Program URL
  • https://ofac.treasury.gov/media/31406/download?inline

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