Stolt Nielsen Probed for Trade Embargo Allegations

Thursday, May 22, 2003
Stolt Nielsen has reported that it is cooperating with a U.S. probe for alleged business dealings with Sudan and Iran. Stolt Nielsen Transportation Group (SNTG) is being probed by the U.S. Department of Treasury’s office for payment of incidental port expenses to entities in Sudan. According to the Wall Street Journal, which initially revealed the U.S. probe on May 20, records and legal documents show that ships owned by Stolt Nielsen or a joint venture were used for trade with Cuba, Sudan and Iran despite a U.S. trade blacklist. The U.S. attorney’s office in Connecticut has also launched an investigation regarding Stolt Nielsen’s trade practices. STNG made headlines earlier this year in February for an investigation conducted by the European Commission for alleged cartel agreement and related illegal practices for deep-sea maritime tanker services. STNG cooperated with the EC’s investigation, as well as a related investigation by the U.S. Department of Justice.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Höegh Names SSL as its Agent in Finland

Höegh Autoliners appointed Scandinavian Shipping & Logistics, which has already worked with the Norwegian ocean carrier in Sweden and Norway for several years, as its agent in Finland, effective Dec.

Volvo Ocean Race Partners with Yacht Racing Forum

The Volvo Ocean Race has agreed a three-year partnership with the Yacht Racing Forum.   "We are delighted to welcome the Volvo Ocean Race as a long-term partner,

Danelec Marine Expands in Brazil

Press release - Danelec Marine has announced that it is expanding its presence in Brazil by naming Telnav Telecomuniçacões Navais a Certified Service Center. With

Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1350 sec (7 req/sec)