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It was a BIG week for OFAC and maritime risk, with sanctions announcements on September 9 and 10. One of the liquified natural gas (LNG) vessels recently sanctioned by OFAC is on the move and could be headed to your region – or it could offload its cargo to a vessel headed to your region…we’ve…

Yesterday’s OFAC sanctions announcement that targeted individuals and entities linked to Russia and Iran’s Islamic Revolutionary Guard Corps (IRGC) underscores two growing trends:  The transfer of advanced weaponry, including ballistic missiles and unmanned aerial vehicles (UAVs), from Iran to Russia highlights the increasing complexity of global threats. Traditional risk assessments must consider the heightened intersection…

Read the Full Analysis Book a Demo to Optimize Ocean Freight with AI Insights

The shipping industry faces numerous disruptions and these incidents often lead to route deviations from crucial ocean trade lanes, impacting the final leg of a shipment’s ocean journey and resulting in last-minute port of destination (PoD) changes.  These changes don’t have to be destiny in terms of bad outcomes for freight forwarders, importers, and exporters….