U.S. Puts Sanctions on Companies Aiding Syria

By MarEx 2015-08-04 16:35:40

The U.S. Department of Treasury placed sanctions several companies for their roles in ongoing Syrian conflicts. Aqua Shipping and Milenyum Energy SA in Turkey are the key players in the group that the Treasury identified.

Milenyum Energy operates vessels registered in Panama with its headquarters in Turkey. The company was charged with materially assisting, sponsoring and providing financial and technological support to the Syrian government.

The Treasury Department stated that Milenyum supported Syria’s energy needs by regularly shipments of LPG and various other energy products to the Port of Banias for distribution by SYTROL, a Syrian controlled entity.

Milenyum owns a myriad of offshore companies such as Nevis-based Blue Energy Trade Ltd, Elba Trade SAL, Green Shipping Ltd and Aqua Shipping Ltd. These companies are believed to be front organizations for Milenyum, which includes ships and other vessels.

Eagles LLC, a Syrian-based company, is another named in the sanctions. According to the Treasury, Eagles LLC paid Milenyum Energy $5 million for a fuel shipment to Syria.

U.S. Treasury Department Lists the Following:

The following individuals have been added to OFAC’s SDN List:

AYDIN, Mustafa, Turkey; DOB 26 May 1988; Passport U04663595 (Turkey) (individual) [SYRIA] (Linked To: MILENYUM ENERGY S.A.; Linked To: BLUE ENERGY TRADE LTD. CO.; Linked To: ABDULKARIM GROUP).

DUZGOREN, Erkan, Turkey; DOB 17 Jun 1980 (individual) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

DUZGOREN, Serkan, Turkey; DOB 28 Jan 1979 (individual) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

KENAR, Ufuk, Turkey; DOB 24 Apr 1980 (individual) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

The following entities have been added to OFAC’s SDN List:

AQUA SHIPPING LTD. (a.k.a. AQUA SHIPPING LTD.-MAI), c/o Milenyum Denizcilik Gemi Hizmetleri Acentelik ve Ozel Ogretim Hizmetleri Ltd. Sti, Nazli Sokak 9, Halilrifatpasa Mah, Sisli, Istanbul 34384, Turkey; Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands; Identification Number IMO 5849194 [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

BLUE ENERGY TRADE LTD. CO., P.O. Box 556, Charlestown, Saint Kitts and Nevis [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

EBLA TRADE SERVICES S.A.L./OFF-SHORE, Beirut, Lebanon; Nakhle Center, Property Number: 295/24, Baabda, Furn, Chebbak, Lebanon [SYRIA] (Linked To: MILENYUM ENERGY S.A.; Linked To: BLUE ENERGY TRADE LTD. CO.).

GENERAL DIRECTORATE OF SYRIAN PORTS (a.k.a. “GENERAL DIRECTORATE OF PORTS”), Algazaer Street, Lattakia, Syria [SYRIA].

GREEN SHIPPING LTD., c/o Milenyum Denizcilik Gemi Hizmetleri Acentelik ve Ozel Ogretim Hizmetleri Ltd. Sti, Nazli Sokak 9, Halilrifatpasa Mah, Sisli, Istanbul 34384, Turkey; Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands; Identification Number IMO 5848165 [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

LATTAKIA PORT GENERAL COMPANY (a.k.a. LATAKIA PORT GENERAL COMPANY), BP 220, Latakia, Syria; Postal Box 220, Lattakia, Syria; Baghdad Street, Lattakia, Syria [SYRIA].

MILENYUM ENERGY S.A. (a.k.a. MILENYUM DENIZCILIK GEMI; a.k.a. MILENYUM DENIZCILIK GEMI HIZMETLERI ACENTELIK VE OZEL OGRETIM HIZMETLERI LIMITED SIRKETI; a.k.a. MILENYUM SHIPPING), c/o Milenyum Denizcilik Gemi H., Hizmetleri Ltd. Sti, Nazli Sokak 9, Halilrifatpasa Mah, Sisli, Istanbul 34384, Turkey; Ataturk Mahallesi Gulay Sokak, No. 12/3, Atasehir, Istanbul, Turkey; No. 18 D. 1 Kemankes Mah. Necatibey Cad., Akce Sok., Karakoy, Istanbul, Turkey; Sierra Leone; Avenida Norte Enrique Geenzeier El Cangrejo, Panama 0834-1082, Panama; Website http://www.milenyumshipping.com; Company Number 792313 (Panama) [SYRIA] (Linked To: ABDULKARIM, Wael; Linked To: ABDULKARIM GROUP).

MORGAN ADDITIVES MANUFACTURING CO. (a.k.a. MORGAN MIDDLE EAST LLC), Office No. 2206, 22nd Floor, Jafza View 19, Sheikh Zayed Road Besides Jafza View 18, Jebel Ali Free Zone Authority, Dubai, United Arab Emirates; Suite 13, First Floor, Oliaji Trade Centre, Francis Rachel Street, Victoria, Mahe, Seychelles; Website www.morganme.com; alt. Website morgan.ae [SYRIA] (Linked To: ABDULKARIM, Wael).

SYRIAN CHAMBER OF SHIPPING (a.k.a. “SCOS”), Al Jazaeer Street, Farid Hanna Bldg, 8th Fl., P.O. Box 1731, Lattakia, Syria; Al Mina Street, Tartous, Syria [SYRIA].

SYRIAN GENERAL AUTHORITY FOR MARITIME TRANSPORT (a.k.a. SYRIAMAR; a.k.a. SYRIAN GENERAL ESTABLISHMENT FOR MARINE TRANSPORT; a.k.a. SYRIAN GENERAL ORGANIZATION FOR MARITIME TRANSPORT), BP 28, Bur Sa’id Street, Latakia, Syria; BP 225, Yarmouk Street, Latakia, Syria; BP 915, al-Mina Street, Tartous, Syria; BP 730, Argentine Street, Damascus, Syria; Port Road, Lattakia, Syria [SYRIA].

SYRIAN SHIPPING AGENCIES COMPANY (a.k.a. “SHIPCO”; a.k.a. “SHIPPING AGENCIES CO.”), Port Said Street, P.O. Box 28, Lattakia, Syria; Port Street, P.O. Box 3, Tartous, Syria; Joul Jammal Street, P.O. Box 28, Banias, Syria; Brazil Street, P.O. Box 12477, Damascus, Syria [SYRIA].

TARTOUS PORT GENERAL COMPANY, Al Mina Street, Tartous, Syria; Postal Box 86, Tartous, Syria [SYRIA].

THE EAGLES L.L.C. (a.k.a. THE EAGLES INTERNATIONAL LLC), Plot No. 41, Airport Free Trade Zone, Damascus, Syria [SYRIA] (Linked To: ABDULKARIM, Wael; Linked To: ABDULKARIM GROUP).

The following vessels have been added to OFAC’s SDN List:

AQUA Sierra Leone flag; Vessel Registration Identification IMO 7529641 (vessel) [SYRIA] (Linked To: MILENYUM ENERGY S.A.; Linked To: AQUA SHIPPING LTD.).

BLUE DREAM Saint Kitts and Nevis flag; Vessel Registration Identification IMO 8002664 (vessel) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

BLUE WAY Panama flag; Vessel Registration Identification IMO 8800298 (vessel) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

BLUEGAS Sierra Leone flag; Vessel Registration Identification IMO 7909839 (vessel) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

FINIKIA; Vessel Registration Identification IMO 9385233 (vessel) [SYRIA] (Linked To: SYRIAN GENERAL AUTHORITY FOR MARITIME TRANSPORT).

GREEN LIGHT Panama flag; Vessel Registration Identification IMO 8810700 (vessel) [SYRIA] (Linked To: MILENYUM ENERGY S.A.; Linked To: GREEN SHIPPING LTD.).

LAODICEA; Vessel Registration Identification IMO 9274343 (vessel) [SYRIA] (Linked To: SYRIAN GENERAL AUTHORITY FOR MARITIME TRANSPORT).

MARIANA Sierra Leone flag; Vessel Registration Identification IMO 8016835 (vessel) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

SOURIA; Vessel Registration Identification IMO 9274331 (vessel) [SYRIA] (Linked To: SYRIAN GENERAL AUTHORITY FOR MARITIME TRANSPORT).

TALA Panama flag; Vessel Registration Identification IMO 8012114 (vessel) [SYRIA] (Linked To: MILENYUM ENERGY S.A.).

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Radioactive Box Quarantined

By MarEx 2015-08-04 14:37:26

Israel’s Ashdod Port was evacuated when emergency teams discovered radiation emitting from a shipping container. Authorities report that the container arrived on a Chinese-flagged box ship.

Members of the Israel Atomic Energy Commission (IAEC), police, bomb disposal crews and firefighters were dispatched upon identifying the radioactive container. The box that was supposed to have industrial iron was placed under quarantine and underwent further inspections.

Israel’s Environmental Protection Ministry said port workers were evacuated as a precaution. The investigations revealed that the radiation was not a threat outside of the container’s walls.

Israeli ports have maintained a radioactive radiation monitoring system for a number of years, with the main aim being to prevent “dirty bomb” attacks in which explosives are mixed with radioactive materials. The port has resumed normal operations.

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Chinese Company Picked to Salvage Sewol

By MarEx 2015-08-04 13:11:56

The South Korean government has hired Shanghai Salvage Co., a Chinese state-run consortium of companies, to salvage the Sewol ferry. The company has a signed a KRW 85.1 billion ($73 million) agreement with South Korea to raise the ferry.

The 6,825 ton ferry sank off the South Korea’s southern coast in April 2014, killing about 300 people, mostly school children.

Shanghai Salvage plans to raise the Sewol during the next year and projects the salvage operation will be completed by July 2016. The company will use two 10,000 ton cranes and about 200 workers, including 100 divers in the salvage of the ferry.

South Korea’s southern coast is known for its strong currents and winds, which could make salvaging the Sewol a more dangerous undertaking than most. Two divers died searching for survivors last year.

South Korea’s original plan was drilling a dozen holes into the side of the ferry and using naval cranes to lift the vessel from the seafloor. Shanghai Salvage offered to raise the ferry with a frame built with steel beams instead as they questioned the feasibility of relying on cables attached to a weakened ship to complete the task.

The agreement between Shanghai Salvage and South Korea is payable in three phases. The first payment will be made after the completion of loss prevention and oil recovery procedures. The second will be paid after the ferry is lifted and docked, and the final payment will be made after the ferry is brought ashore for demolition.

The sinking of the ferry resulted widespread public and political reaction within South Korea. Many criticize the actions of the captain and most of the crew of the ferry. More criticize the ferry operator and the regulators who oversaw its operations. Additional criticism has been directed at the South Korean government and media for its disaster response and attempts to downplay government culpability.

On May 15, 2014, the captain and three crew members were charged with murder, while the other 11 members of the crew were indicted for abandoning the ship. An arrest warrant was also issued for Yoo Byung-eun, the owner of Chonghaejin Marine, which operated Sewol, but a nationwide hunt to find him ensured and on July 22 2014, police revealed that he had committed suicide.

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Crew Dies In Product Tanker Fire

By MarEx 2015-08-04 10:26:02

A crew member was killed when a fire broke out on the product tanker YE CHI, which was sailing from Jinshan, near Shanghai, to Singapore. Four other crewmembers were also injured and taken to the hospital. The fire was reported to be under control by 14:00 UTC.

The Shanghai Marine Rescue Center dispatched four ships and one helicopter in the rescue operation. The YE CHI is a 2009-build 45,740 dwt vessel is owned by Ye Chi Shipping SA and operated by the China Shipping Tanker Company. The tanker was transporting 29,000 tons of diesel. According to reports, the incident occurred 8.8 nautical miles southwest of Dayang Shandao.

There is ongoing investigation of the incident conducted by the local marine authorities. Preliminary observations indicate that the fire started in the accommodation area of the ship.

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One Dead In Product Tanker Fire

By MarEx 2015-08-04 10:26:02

A crew member was killed when a fire broke out on the product tanker YE CHI, which was sailing from Jinshan, near Shanghai, to Singapore. Four other crewmembers were also injured and taken to the hospital. The fire was reported to be under control by 14:00 UTC.

The Shanghai Marine Rescue Center dispatched four ships and one helicopter in the rescue operation. The YE CHI is a 2009-build 45,740 dwt vessel is owned by Ye Chi Shipping SA and operated by the China Shipping Tanker Company. The tanker was transporting 29,000 tons of diesel. According to reports, the incident occurred 8.8 nautical miles southwest of Dayang Shandao.

There is ongoing investigation of the incident conducted by the local marine authorities. Preliminary observations indicate that the fire started in the accommodation area of the ship.

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