US 'deeply concerned' about untrackable China ships carrying Iran oil: Officials

Agencies
October 16, 2019

Washington, Oct 16: The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of US sanctions, two senior administration officials said.

“We’ve been messaging very heavily to the shipping companies, you don’t want to do this, it’s not worth it,” said one official, who spoke to Reuters on condition of anonymity. “It’s incredibly dangerous and irresponsible behavior.”

China is the largest remaining buyer of Iranian oil after US President Donald Trump reimposed sanctions on Tehran’s main export. Trump tightened US sanctions in May in an effort to drive Iran’s oil sales to zero.

The sanctions are aimed at quashing Iran’s nuclear ambitions, ballistic missile program and influence in Syria, Iraq and other countries. Its oil exports have fallen to less than 400,000 barrels per day from about 2.5 million bpd.

On September 25, the US imposed sanctions on five Chinese individuals and two Chinese COSCO Shipping Corp subsidiaries, saying they had shipped Iranian crude oil in violation of the sanctions.

Days later, 14 COSCO Shipping Tanker (Dalian) vessels, about one-third of its fleet, stopped sending location data from their automatic identification system (AIS) between September 30 and October 7, ship tracking data on Refinitiv Eikon showed.

The administration said on Tuesday it had independently confirmed that COSCO had been shutting off AIS on its ships.

All but three of the ships have become traceable since Reuters’ report ran on October 9. The latest locations for Very Large Crude Carriers (VLCC) Yuan Shan Hu and Cosglad Lake were still unavailable between October 8 and October 16, while Aframax-sized tanker Yang Mei Hu has been untraceable since October 11, data showed.

COSCO Shipping Tanker (Dalian) said in an e-mail statement that none of its vessels had turned off their AIS controllers or stopped transmitting AIS signals.

“Dalian Tanker will continue to adhere to applicable laws and regulations in the conduct of its business operations,” the company said.

The International Maritime Organization requires vessels to use transponders for safety and transparency. Crews can turn off the devices if there is a danger of piracy or similar hazards. But transponders are often shut off to conceal a ship’s location during illicit activities.

‘Ship by ship’

It was not clear what the Trump administration could do to stop the tankers from turning off transponders.

It has warned shipping companies, energy companies and port officials to be wary of trade in Iranian oil, in some cases telling them they could face sanctions for doing so.

The administration believes that sanctions are on the verge of causing an economic depression in Iran, one of the officials said.

But Iran has years of experience dealing with sanctions. Some analysts believe Tehran may be attempting to ride out the economic pain until the November 2020 U.S. presidential election, hoping Trump will lose and the next president will take a softer line on Tehran.

“If they calculate that there is going to be (a new president) and they are incorrect, that’s bad,” the second official said. “Because I don’t think anybody thinks that they could make it another four years after next November under this kind of sanctions regime.”

The Trump administration is watching illegal shipments even if it is not able to stop them, the second official said.

“We are literally going ship by ship at this point because each ship is incredibly important” to Iran’s economy, the second official said.

Trump wants initial talks with Iranian President Hassan Rouhani, without preconditions, to see whether there is a chance for a deal to ease tensions between the two countries, one official said. The two leaders did not meet at last month’s UN General Assembly gathering.

The United States said on Friday it was sending about 3,000 additional American military personnel to Saudi Arabia to bolster defenses after attacks on oil facilities last month, which were widely blamed on Iran. Tehran denies any role.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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Agencies
February 25,2020

Kuala Lumpur, Feb 25: The government party led by Interim Malaysian Prime Minister Mahathir Mohamad has rejected his resignation, urging him to continue leading it and the country, now shrouded in political uncertainty.

During an extraordinary meeting held on Monday night, the Malaysian United Indigenous Party (Bersatu) unanimously rejected the 94-year-old Prime Minister's decision, reports Efe news.

Mahathir, the world's oldest head of government, presented his resignation on Monday, later accepted by King Abdullah Pahang, on condition that he continue as Interim Prime Minister until a new government is formed.

That decision caused a domino effect that broke the Patakan Harapan (Alliance of Hope) alliance, formed in 2018 by four political parties that prevailed in that year's general elections.

Bersatu and 11 Popular Justice Party deputies announced their departure from the coalition, although they reaffirmed their confidence in Mahathir as Malaysia's political leader.

"We remain intact and prepared to build a party to face the difficulties," Marzuki Yahya, Bersatu Secretary-General, said after the meeting.

Confusion reigns in the country, with some local media claiming Bersatu and the 11 deputies Justice Party deputies intended to form a new government with opposition parties, including the historic Barisan Nasional coalition, under Mahathir's leadership.

Lim Guan Eng, Finance Minister and coalition member, said in a statement that the chief executive himself had informed him he had no intention of forming a coalition with Barisan, which suffered a historic defeat in the last elections.

A future government will need at least 112 of 222 parliament votes.

Mahathir returned to politics in 2018 heading the Patakan Harapan coalition to defeat his predecessor Najib Razak, marred by the corruption suspicions offenses.

To that end, Mahathir joined Anwar Ibrahim, a former political ally who fell out of favour in 1999 and was imprisoned five years on charges of corruption and sodomy, whom he promised to be his successor in power.

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News Network
July 4,2020

Maryland, Jul 4: The total number of coronavirus cases worldwide has touched 11 million, according to the latest data by the Johns Hopkins University on Saturday.
More than 523,613 people have died globally due to the infection, according to the data compiled by the university.

Though the virus is believed to have emerged from the Chinese city of Wuhan, the United States is the worst-hit country from COVID-19, which was declared as a pandemic by the WHO on March 11.

At least 129,275 people have died in the US from the coronavirus, according to Johns Hopkins University's latest tally.
There are at least 2,786,178 cases of the disease in the country. The US has the highest number of cases in the world.

The second worst-hit country is Brazil, which has reported 1,496,858 lakh cases. The country's death toll stands at 61,884.

The countries around the world including the US, India, Denmark, and Italy have started the process of lifting the lockdown by easing restrictions despite the number of cases continues to rise.

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