Info:
China Shipping Development is a Chinese shipping company with its headquarters in Shanghai. The company is listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The company produces, pursues and sells as a shipping company ships worldwide. China Shipping Group Company, founded on the 1 July 1997, is the holding company of China Shipping Development. Entity in Hong Kong entity was founded in 2001. Among the rest, the companies China Shipping Container Lines and China Shipping Haisheng also belong to the Parent company. The main business focus of the company involves coastal, ocean and Yangtze River cargo transportation, ship leasing, cargo forwarding and cargo transport agency, purchase and sale of ships, repair and development of containers, ship spare parts purchase and sale agency, consultancy and transfer of shipping technology;
Iran Gulf Shipping from Iran, lists China Shipping Development as their official business partner;
Iran Gulf Shipping Services is working in Iran’s Oil Industry. Iran Gulf is working with National Iranian Oil Company and National Iranian Tanker Company;
Oil sector in Iran is controlled by the terrorist organization IRGC. Income from oil industry is used by the IRGC for sponsoring terrorist attacks around the world, sponsoring terrorist organizations and building weapons of mass destruction;
“Asia is the main destination for crude shipped by foreign vessels, with India, China and Japan the biggest takers, but at least four international tankers are also heading for Europe. India, in particular, is taking a lead role as its demand soars and refiners such as Essar Oil, Reliance Energy, Hindustan Petroleum Corp, and Bharat Petroleum Corp enjoy good ties with Iran. The non-Iranian companies currently chartered to carry its oil include Chinese state controlled shipper China Shipping Development, PetroVietnam and Japan’s Idemitsu Kosan.” (Reuters, “As Iran’s oil exports surge, international tankers help ship its fuel,” 6/6/2016);
According to the U.S. Treasury Department – Individuals and entities engaged in certain transactions involving petroleum or petroleum products from Iran or certain Iran-related persons on the SDN List should be aware thatengaging in such conduct may result in designation or other sanctions under U.S. sanctions authorities unless an exception applies. Those who knowingly engage in significant transactions for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran — or knowingly provide significant support to an Iranian person on OFAC’s List of Specially Designated Nationals and Blocked Persons (SDN List), such as the National Iranian Oil Company (NIOC), the National Iranian Tanker Company (NITC), and the Islamic Republic of Iran Shipping Lines (IRISL) — are at serious risk of being targeted by the United States for sanctions, regardless of the location or nationality of those engaging in such activities. Further, persons providing bunkering services to vessels transporting petroleum or petroleum products from Iran risk being subject to sanctions unless an applicable waiver or exception applies.The United States continues to take strong action to deny the Government of Iran funds derived from the illicit exportation of petroleum or petroleum products from Iran;
Industry:
Shipping Industry
Also Known As:
China Shipping Development Company
Country:
China
Address:
Shanghai
Phone:
0086-25585867
Website:
www.cnshippingdev.com
E-mail:
info@cnshippingdev.com
Reason for the color:
» OFAC Advisory to the Maritime Petroleum Shipping Community – September 4, 2019;
» World tanker companies working in Iran despite U.S. sanctions;