Among the companies to which sanctions have been applied:
SINO SHIP MANAGEMENT COMPANY LIMITED
SINO SHIP MANAGEMENT COMPANY LIMITED
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Full name of legal entity
SINO SHIP MANAGEMENT COMPANY LIMITED

Abbreviated name of the legal entity
SINO SHIP MANAGEMENT COMPANY LTD

Tax Number

Registration number

Country
Hong Kong

Address
Room 1902, Easey Commercial Building, 253-261 Hennessy Road, Wan Chai, Hong Kong

Reasons
The company is the manager of the Panamanian-flagged crude oil tanker Deyna (IMO 9299903), which called at a russian port where the price of oil was constantly exceeding the maximum price of $60. Sino also operates the Panamanian-flagged crude oil tankers Sirius 1 (IMO 9285847) and Turaco (IMO 9247780). Deyna, Sirius 1 and Turaco are considered part of the shadow fleet.
On January 10, 2025, USA imposed sanctions on Sino pursuant to EO 14024 and EO 13662 for its activities in the energy sector of the russian economy.


Sanction Jurisdictions
USA
Sanction Jurisdictions: USA
Canada
Sanction Jurisdictions: Canada
Switzerland
Sanction Jurisdictions: Switzerland
EU
Sanction Jurisdictions: EU
UK
Sanction Jurisdictions: UK
Australia
Sanction Jurisdictions: Australia
New Zealand
Sanction Jurisdictions: New Zealand
Japan
Sanction Jurisdictions: Japan
Ukraine
Sanction Jurisdictions: Ukraine
Date of entry and reference to the document Date of entry and reference to the document
The country has not yet applied sanctions The country has not yet applied sanctions
Marine vessels
TURACO
Vessel name
TURACO
IMO
9247780
Flag (Current)
Panama Panama
Vessel Type
Crude Oil Tanker
Category
Transportation of fossil fuels
icon arrow-tree Transporting russian crude oil/oil products in violation of other restrictions
During the period of the G7 and EU oil embargo and price-cap policy on russian oil, the tanker is involved in the export of russian oil from russian ports in the Baltic Sea and the Pacific region, mainly to China and India. The international public organization Greenpeace refers to the tanker as a shadow fleet of tankers that transport russian oil around the world and threaten the environment. According to the American human rights group United Against Nuclear Iran (UANI), which monitors Iran-related tanker traffic using satellite data, the vessel was involved in the transportation of Iranian oil and switched to transporting russian oil in June 2023. Since the beginning of russia's full-scale invasion of Ukraine in February 2022, more than 90 vessels that previously helped Tehran export Iranian export oil are now helping russia transport russian oil/oil products. In May 2022, UANI first predicted that russia would turn to a 'ghost armada' to ensure oil flows to its Chinese partner. Oil exports from russia are the most important source of income for the regime of the aggressor country to finance the war against Ukraine. From February 2022 to November 22, 2024, russia earned almost 546 billion euros in oil export revenues (69% of all fossil fuel export revenues). In 2023, about a third of all tax revenues in russia came from the sale of oil and gas. The tax on oil production collected by the russian federation in 2023 amounted to 8.9 trillion rubles, or 31% of total federal revenues. According to the CREA data for October 2024, russia's revenues from crude oil exported by sea amounted to 210 million euros per day, 83% of the total volume of russian marine crude oil was transported by shadow tankers, while tankers owned or insured in countries that impose price restrictions accounted for 17% of the total value of russian oil exported in October. Shadow fleet of russia continues to generate multibillion-dollar revenues for the kremlin bypassing sanctions, disguising its activities under the flags of third countries, using complex schemes to conceal owners, and poses significant environmental threats with significant economic costs to coastal countries and/or the international community due to the outdated and inadequate insurance of shadow fleet tankers. On January 10, 2025, USA imposed sanctions on the vessel.
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War & Sanctions 2025
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