Star Ocean Shipmanage

ifmat-blackcompanies

The IRGC-QF used the Star Ocean Shipmanage to facilitate illicit trade as recently as July 2024, manipulating its Automatic Identification System to disguise its movements while sailing toward East Asia

Country:

China  

Status:Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Risk Level:99%

May harm your business future. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action.

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Info:
Marshall Islands-registered, People’s Republic of China (PRC)-based Star Ocean Shipmanage Ltd. is the ship manager, technical manager, and operator of the Panama-flagged vessel ETERNAL SUCCESS (IMO: 9307633), the Panama-flagged ETERNAL 8 (IMO: 9232448), and the Panama-flagged ETERNAL PEACE (IMO: 9259745). The IRGC-QF used the ETERNAL SUCCESS to facilitate illicit trade as recently as July 2024, manipulating its Automatic Identification System to disguise its movements while sailing toward East Asia, where it transferred its cargo to another tanker via a ship-to-ship transfer. Similar to its sister ship, the ETERNAL 8 has also been involved in transferring shipments for the IRGC-QF.

Star Ocean Shipmanage Ltd. is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the IRGC-QF. The ETERNAL SUCCESS, ETERNAL 8, and ETERNAL PEACE are being identified as property in which Star Ocean Shipmanage Ltd. has an interest.

“Iran continues to rely heavily on the illicit sale of oil and liquid petroleum gas by the IRGC-QF and Lebanese Hizballah to fund its terrorist proxies and destabilizing activities,” said Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith. “Treasury remains committed to disrupting the networks of shippers, brokers, and buyers that facilitate these schemes.”

Involved In:
Shipping Industry

Also Known As:
STAR OCEAN SHIPMANAGE LTD

Country:
China

Address:
Room 1706A, 17th Floor, Building A, World Trade Tower 6, Xianggang Zhonglu, Shinan Qu, Qingdao, Shandong, China
Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, Marshall Islands

Organization Established Dat:
20 Oct 2021

Identification Number IMO:
6272611

Registration Number:
111373 (Marshall Islands)

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on September 25, 2024 pursuant to Executive Order 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the IRGC-QF;