Tidewater Inc. Not Implicated in Government Sanctions

Monday, June 27, 2011

Tidewater Inc. announced that it is not affiliated with Tidewater Middle East Co. (or any of its affiliates) of Iran, which were the target of new U.S. Government sanctions announced jointly by the U.S. Treasury Department and the U.S. Department of State. The Treasury Department, in announcing the new sanctions on June 23, noted in its press release “Fact Sheet” that “The entity being designated today, Tidewater Middle East Co., is separate and distinct from Tidewater Inc., an international shipping company headquartered in the United States and listed on the New York Stock Exchange as TDW. Today’s sanctions are not imposed on Tidewater Inc.”

Similarly, the Treasury Department’s Office of Foreign Assets Control (OFAC), which administers the sanctions by adding sanctioned parties to their list of Specially Designated Nationals (SDN List), noted in its Recent Actions announcement that “There is no relationship between today’s target, Tidewater Middle East Co., and Tidewater (U.S.)...” The full text of the Treasury’s Fact Sheet and OFAC’s Recent Actions announcements are available at the following links:

http://www.treasury.gov/press-center/press-releases/Pages/tg.aspx

http://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20110623.aspx
 

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brent Oil Hits 26-month Low Under US$97

Brent crude oil on Monday slumped to its lowest in over two years, below $97 per barrel as lacklustre economic data from China, the world's top energy consumer,

'Aker Wayfarer' Wins Petrobas Subsea Contract

Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) says it has won a contract worth US$465-million over five years from Petrobras to provide subsea intervention

DP World Chairman Meets Maldivian President

DP World Chairman, and Chairman of Ports, Customs and Free Zone Corporation (PCFC), HE Sultan Ahmed Bin Sulayem has met with the President of the Maldives His

Government Update

USDOT Award Tiger Vl Maritime Grants

American Association of Port Authorities
 (AAPA) say that after evaluating 797 applications totaling requests for $9 billion for FY 2014 Transportation Investment

Gazprom Scraps Plan to Cut Gas Deliveries

Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said.

Pesticides a Concern for Aquatic Life in U.S. Rivers & Streams

Levels of pesticides continue to be a concern for aquatic life in many of the Nation’s rivers and streams in agricultural and urban areas, according to a new

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0978 sec (10 req/sec)