US sanctions six Chinese entities, two individuals

The US has sanctioned two Chinese nationals and six Chinese entities for having dealt with Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL), the US State Department said on Monday October 19th, adding that the individuals and entities had helped IRISL evade US sanctions.

The entities were named as Reach Holding Group (Shanghai) Co Ltd; Reach Shipping Lines; Delight Shipping Co Ltd; Gracious Shipping Co Ltd; Noble Shipping Co Ltd; and Supreme Shipping Co Ltd.

The individuals were named as Eric Chen, also known as Chen Guoping, chief executive of Reach Holding Group (Shanghai) Company Ltd, and Daniel Y, also known as He Yi, the company’s president.

As a result of being put on the US Treasury Department’s Specially Designated Nationals (SDN) list, the assets of the entities and individuals falling under US jurisdiction are frozen and US persons are generally barred from dealing with them.

Among other things, the State Department accused the six entities of providing “significant goods or services” used in connection with Iran’s shipping sector. It also accused Reach Holding Group and its Reach Shipping Lines unit helping IRISL and its subsidiaries evade US sanctions.