IRAN’S SANCTIONED SHIPPING LINE RUNS NETWORK OF HONG KONG COMPANIES

On 18 November, Radio Free Asia claimed that the Iranian state shipping routes are continuing to evade US sanctions by operating via a complex network of companies and subsidiaries registered in Hong Kong, dozens of which are traceable to a purported individual in Shanghai named on publicly available records as Shen Yong.  It had earlier linked Shen Yong to 4 shipping companies registered in Hong Kong that were named as having done business with the IRISL.  It now says that further investigations have shown that Shen Yong is named on the records of some 37 companies registered in Hong Kong, which between them control at least 10 ocean-going container vessels and 5 oil tankers. Most are connected in some way with IRISL.

https://www.rfa.org/english/news/china/hongkong-iran-11182020174050.html

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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