Maritime Sanctions: Navigating the Complexities in 2024

Overview

In August 2024, OFAC sanctioned 10 new vessels and 4 shipping companies. This contributed to a year-over-year increase of 136 vessels and 65 companies on the sanctions list. The largest increases were observed in vessels flagged under Russia (26), Panama (15), Comoros (11), and Liberia (9), highlighting the importance of monitoring high-risk activities like AIS manipulation and STS transfers.