Iran Expands Hormuz Strait Sanctions to 77 Vessels, Including Korean Shipping Company Ships
Fines, Detention, and Confiscation Warned for Passage Regulation Violations
Multiple Pan Ocean Ships Listed
Daily Merchant Ship Passage Drops to Single Digits Over Weekend
Falls Below the Recent 10-Day Daily Average of 14 Ships
The number of vessels designated for sanctions by Iran for violating the Hormuz Strait navigation regulations has increased to 77. The list of sanctioned vessels includes several ships owned and operated by Korea-based shipping company Pan Ocean.
The Persian Gulf Strait Authority (PGSA), established by Iran to manage navigation in the Hormuz Strait, released a list of 77 vessels that violated passage regulations on September 14 (local time). The authority stated that these vessels may face penal measures such as fines, detention, and confiscation if they transit the Hormuz Strait again in the future.
The authority also warned that other vessels cooperating with those under sanctions could be added to the list. It demanded that insurance companies, Protection & Indemnity (P&I) clubs, and classification societies refrain from providing services to the sanctioned ships.
PGSA initially announced on August 24 that 45 vessels had been sanctioned for violating navigation regulations and has since expanded the list. This updated list contains multiple vessels that are owned and operated by Pan Ocean.
In addition, the number of merchant ships transiting the Hormuz Strait has sharply declined. According to preliminary ship tracking data released on this day, the daily number of merchant vessels passing through the strait over the weekend dropped to single digits. This is significantly lower than the recent 10-day daily average of 14 ships.
However, the statistics do not include vessels that may have crossed the strait with their Automatic Identification System (AIS) turned off in order to avoid tracking. Therefore, the actual volume of transits could be higher than indicated by the tracking data.
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The P&I club is a mutual insurance association in the maritime industry that provides shipowners and charterers with coverage, including third-party marine liability.
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