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Hongyuan Marine Co Ltd

On the SDN listEntityIRAN-EO13871

Hongyuan Marine Co Ltd (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN-EO13871. Addresses on file in: China. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

China has 935 entities, vessels or aircraft with an address on the SDN list, ranking #3 among all countries. Other sanctioned entities with an address in Ningbo, Zhejiang 315040 are listed below.

Sanctions program

Iran: iron, steel, aluminum and copper (Executive Order 13871) IRAN-EO13871

May 2019 order targeting Iran's iron, steel, aluminum and copper sectors and those who trade with them.

Also known as

  • HONGYUAN MARINE CO LTD HONG UNION · aka

Addresses on file

  • Room 905, China Hong Centre, 717, Zhongxing Lu, Jiangdong Qu, Ningbo, Zhejiang 315040, China
  • R1003-1008, Heyuan Enterprise Square, 2993 Gonghexin Rd, Shanghai 315040, China

OFAC remarks

Website http://www.hong-union.com; Additional Sanctions Information - Subject to Secondary Sanctions; Identification Number IMO 5163651.

Frequently asked questions

What does it mean that Hongyuan Marine Co Ltd is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Hongyuan Marine Co Ltd?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.