Last Updated: September 9, 2026

NEOWAVE MANAGEMENT CO., LTD

Nationality

Marshall Islands

Address

191, Shangpin Jie, Dinghai Qu, Zhoushan, 316011, Zhejiang, China; Trust Company Complex, Ajeltake Road, Majuro, 96960, Ajeltake Island, Marshall Islands

Reg. ID

127327, Registration Number; IMO 0030818, Identification Number

Official reason

China-based and Marshall Islands-registered Neowave Management Co., Ltd is the owner, operator, and ship manager of the Panama-flagged MADESTAR (IMO 9289726).

Sender

Other Information

https://home.treasury.gov/news/press-releases/sb0275

Date of listing

2025-10-09

Program information

Authority

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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