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Busy Day at OFAC, Part 1: Global Magnitsky

OFAC added the following individuals:

LI, Zhenyu (Chinese Simplified: 励振羽) (a.k.a. ZHENYU, Li), Dalian, China; DOB 07 Jun 1965; POB Dandong, China; nationality China; Gender Male; Passport E63646378 (China) issued 27 Nov 2015 expires 26 Nov 2025; National ID No. 210211196506075832 (China) (individual) [GLOMAG]. 

ZHUO, Xinrong (a.k.a. XINRONG, Zhuo; a.k.a. ZHUO, Longxiong), China; Flat B, 27th Floor, Ko On Mansion, Taikoo Shing, Hong Kong, China; DOB 10 Nov 1964; POB Fuzhou, China; nationality Hong Kong; Gender Male; Passport D00579743 (Hong Kong) issued 28 Apr 2018 expires 28 Apr 2025; National ID No. R4016407 (Hong Kong) (individual) [GLOMAG].

entities:

DALIAN OCEAN FISHING COMPANY LIMITED (Chinese Simplified: 大连远洋渔业金枪鱼钓有限公司) (a.k.a. DALIAN OCEAN FISHERY TUNA FISHING CO., LTD.; a.k.a. DALIAN OCEAN FISHING CO., LTD.), 34th Floor, Number 38, Zhangjiang Road, Zhongshan District, Dalian, Liaoning, China; Organization Type: Marine Fishing; Identification Number IMO 4212374; Unified Social Credit Code (USCC) 912102007169879128 (China) [GLOMAG] (Linked To: LI, Zhenyu). 

FUJIAN HEYUE MARINE FISHING DEVELOPMENT CO., LTD. (Chinese Simplified: 福建和悦海洋渔业发展有限公司), Room G433, 4th Floor, Science and Technology Development Center Building, No. 83 Junzhu Road, Mawei District, Fuzhou, China; Organization Established Date 27 Jan 2015; Organization Type: Activities of holding companies; Unified Social Credit Code (USCC) 913501003157013038 (China) [GLOMAG] (Linked To: PINGTAN GUANSHENG OCEAN FISHING CO., LTD.).

FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD. (Chinese Simplified: 福建省平潭县远洋渔业集团有限公司) (a.k.a. FUJIAN PINGTAN COUNTY OCEAN; a.k.a. FUJIAN PINGTAN COUNTY OCEAN FISHERY GROUP CO LTD; a.k.a. PINGTAN FISHING), Room 2-25A, Building 1#, No. 27, Huli Road, Mawei District, Fujian, Fuzhou 350015, China; Organization Established Date 27 Feb 1998; Identification Number IMO 4235151; Unified Social Credit Code (USCC) 913501057051504472 (China) [GLOMAG] (Linked To: FUJIAN HEYUE MARINE FISHING DEVELOPMENT CO., LTD.).

FUZHOU HONGLONG OCEAN FISHING CO., LTD. (Chinese Simplified: 福州宏龙海洋水产有限公司) (a.k.a. FUZHOU HONG LONG OCEAN FISHERY CO. LTD.; a.k.a. FUZHOU HONGLONG OCEAN FISHING), Room 427, 4th Floor, Industrial Plant, Building No. 2, No. 2 Changtian Industry Park, Changsheng Road, Chang'an Investment Zone, Fuzhou Development Zone, Fujian, China; Identification Number IMO 5195011; Unified Social Credit Code (USCC) 91350100628538981P (China) [GLOMAG] (Linked To: PINGTAN MARINE ENTERPRISE LTD.).

HEROIC TREASURE LIMITED, Virgin Islands, British; Organization Type: Activities of holding companies [GLOMAG] (Linked To: ZHUO, Xinrong).

MARS HARVEST CO., LTD., Virgin Islands, British; Building 26, Mingyang Tianxia, No. 1 Yuquan Road, Fuzhou, Fujian, China; Organization Type: Activities of holding companies [GLOMAG] (Linked To: ZHUO, Xinrong).

MERCHANT SUPREME CO., LTD., Tortola, Virgin Islands, British; Organization Established Date 25 Jun 2012; Organization Type: Activities of holding companies [GLOMAG] (Linked To: PINGTAN MARINE ENTERPRISE LTD.).

PINGTAN GUANSHENG OCEAN FISHING CO., LTD. (Chinese Simplified: 平潭冠昇海洋水产有限公司), 4th Floor, No. 137, Lianhua Village, Hongshan Neighborhood Committee, Tancheng Town, Pingtan County, Fuzhou, Fujian, China; Organization Established Date 12 Oct 2012; Organization Type: Activities of holding companies; Unified Social Credit Code (USCC) 91350128MA34593X7G (China) [GLOMAG] (Linked To: PRIME CHEER CORPORATION LTD.).

PINGTAN MARINE ENTERPRISE LTD., Cayman Islands; 18-19/F, Zhongshan Building A, No. 154 Hudong Road, Fuzhou 350001, China; Organization Established Date 18 Jan 2010; Organization Type: Marine Fishing; Equity Ticker PME US; ISIN KYG7114V1023 [GLOMAG] (Linked To: ZHUO, Xinrong).

PRIME CHEER CORPORATION LTD. (Chinese Traditional: 慶卓有限公司; Chinese Simplified: 庆卓有限公司 (中国香港)), Suites 5201-03, 52/F, The Center, Central, Hong Kong, China; Organization Established Date 03 May 2012; Organization Type: Activities of holding companies; Company Number 1739277 (Hong Kong) [GLOMAG] (Linked To: MERCHANT SUPREME CO., LTD.).

and vessels:

FU YUAN YU 005 Fishing Vessel China flag; Vessel Registration Identification IMO 7815246 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.). 

FU YUAN YU 008 Fishing Vessel China flag; Vessel Registration Identification IMO 8403698 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 557 Fishing Vessel China flag; Vessel Registration Identification IMO 8820509 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 558 Fishing Vessel China flag; Vessel Registration Identification IMO 9031947 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 559 Fishing Vessel China flag; Vessel Registration Identification IMO 9016571 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7601 Fishing Vessel China flag; Vessel Registration Identification IMO 9891476 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7602 Fishing Vessel China flag; Vessel Registration Identification IMO 9891488 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7603 Fishing Vessel China flag; Vessel Registration Identification IMO 9891490 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7604 Fishing Vessel China flag; Vessel Registration Identification IMO 9891505 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7605 Fishing Vessel China flag; Vessel Registration Identification IMO 9891608 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7606 Fishing Vessel China flag; Vessel Registration Identification IMO 9891610 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7611 Fishing Vessel China flag; Vessel Registration Identification IMO 9896294 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7612 Fishing Vessel China flag; Vessel Registration Identification IMO 9896309 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7613 Fishing Vessel China flag; Vessel Registration Identification IMO 9896323 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7614 Fishing Vessel China flag; Vessel Registration Identification IMO 9896335 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7615 Fishing Vessel China flag; Vessel Registration Identification IMO 9896347 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7616 Fishing Vessel China flag; Vessel Registration Identification IMO 9896361 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7617 Fishing Vessel China flag; Vessel Registration Identification IMO 9896373 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7618 Fishing Vessel China flag; Vessel Registration Identification IMO 9896397 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7619 Fishing Vessel China flag; Vessel Registration Identification IMO 9896402 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7620 Fishing Vessel China flag; Vessel Registration Identification IMO 9914577 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7621 Fishing Vessel China flag; Vessel Registration Identification IMO 9914589 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7622 Fishing Vessel China flag; Vessel Registration Identification IMO 9914591 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7624 Fishing Vessel China flag; Vessel Registration Identification IMO 9914606 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7625 Fishing Vessel China flag; Vessel Registration Identification IMO 9914723 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7626 Fishing Vessel China flag; Vessel Registration Identification IMO 9914735 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7627 Fishing Vessel China flag; Vessel Registration Identification IMO 9914747 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7628 Fishing Vessel China flag; Vessel Registration Identification IMO 9914759 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7629 Fishing Vessel China flag; Vessel Registration Identification IMO 9914761 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7630 Fishing Vessel China flag; Vessel Registration Identification IMO 9914785 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7861 Fishing Vessel China flag; Vessel Registration Identification IMO 9828663 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7862 Fishing Vessel China flag; Vessel Registration Identification IMO 9828675 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7863 Fishing Vessel China flag; Vessel Registration Identification IMO 9828699 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7864 Fishing Vessel China flag; Vessel Registration Identification IMO 9828687 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7865 Fishing Vessel China flag; Vessel Registration Identification IMO 9828704 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7866 Fishing Vessel China flag; Vessel Registration Identification IMO 9828716 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7868 Fishing Vessel China flag; Vessel Registration Identification IMO 9872585 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7869 Fishing Vessel China flag; Vessel Registration Identification IMO 9872602 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7870 Fishing Vessel China flag; Vessel Registration Identification IMO 9874131 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7871 Fishing Vessel China flag; Vessel Registration Identification IMO 9874155 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7872 Fishing Vessel China flag; Vessel Registration Identification IMO 9874064 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7873 Fishing Vessel China flag; Vessel Registration Identification IMO 9874167 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7874 Fishing Vessel China flag; Vessel Registration Identification IMO 9879715 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7875 Fishing Vessel China flag; Vessel Registration Identification IMO 9879727 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7876 Fishing Vessel China flag; Vessel Registration Identification IMO 8537097 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7877 Fishing Vessel China flag; Vessel Registration Identification IMO 8537102 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7882 Fishing Vessel China flag; Vessel Registration Identification IMO 9828754 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7883 Fishing Vessel China flag; Vessel Registration Identification IMO 9828766 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7884 Fishing Vessel China flag; Vessel Registration Identification IMO 9842279 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7885 Fishing Vessel China flag; Vessel Registration Identification IMO 9842281 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7886 Fishing Vessel China flag; Vessel Registration Identification IMO 9842293 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7887 Fishing Vessel China flag; Vessel Registration Identification IMO 9842308 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7888 Fishing Vessel China flag; Vessel Registration Identification IMO 9872561 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7889 Fishing Vessel China flag; Vessel Registration Identification IMO 9872573 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7890 Fishing Vessel China flag; Vessel Registration Identification IMO 9878761 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7891 Fishing Vessel China flag; Vessel Registration Identification IMO 9878773 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7892 Fishing Vessel China flag; Vessel Registration Identification IMO 9879686 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7893 Fishing Vessel China flag; Vessel Registration Identification IMO 9878785 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7894 Fishing Vessel China flag; Vessel Registration Identification IMO 9871232 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7895 Fishing Vessel China flag; Vessel Registration Identification IMO 9871244 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7896 Fishing Vessel China flag; Vessel Registration Identification IMO 9872224 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7897 Fishing Vessel China flag; Vessel Registration Identification IMO 9872262 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7898 Fishing Vessel China flag; Vessel Registration Identification IMO 9872274 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7899 Fishing Vessel China flag; Vessel Registration Identification IMO 9872286 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 7900 Fishing Vessel China flag; Vessel Registration Identification IMO 9888273 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7901 Fishing Vessel China flag; Vessel Registration Identification IMO 9888285 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 7902 Fishing Vessel China flag; Vessel Registration Identification IMO 9888297 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8635 Fishing Vessel China flag; Vessel Registration Identification IMO 9934503 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8636 Fishing Vessel China flag; Vessel Registration Identification IMO 9933717 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8637 Fishing Vessel China flag; Vessel Registration Identification IMO 9933729 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8638 Fishing Vessel China flag; Vessel Registration Identification IMO 9933731 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8639 Fishing Vessel China flag; Vessel Registration Identification IMO 9934515 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8640 Fishing Vessel China flag; Vessel Registration Identification IMO 9934527 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8641 Fishing Vessel China flag; Vessel Registration Identification IMO 9934539 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8642 Fishing Vessel China flag; Vessel Registration Identification IMO 9934541 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8643 Fishing Vessel China flag; Vessel Registration Identification IMO 9934553 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8644 Fishing Vessel China flag; Vessel Registration Identification IMO 9934565 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8645 Fishing Vessel China flag; Vessel Registration Identification IMO 9934577 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8646 Fishing Vessel China flag; Vessel Registration Identification IMO 9934589 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8647 Fishing Vessel China flag; Vessel Registration Identification IMO 9940497 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8648 Fishing Vessel China flag; Vessel Registration Identification IMO 9940538 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8649 Fishing Vessel China flag; Vessel Registration Identification IMO 9940540 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8650 Fishing Vessel China flag; Vessel Registration Identification IMO 9940552 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8651 Fishing Vessel China flag; Vessel Registration Identification IMO 9940576 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8652 Fishing Vessel China flag; Vessel Registration Identification IMO 9940590 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8653 Fishing Vessel China flag; Vessel Registration Identification IMO 9940617 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8654 Fishing Vessel China flag; Vessel Registration Identification IMO 9940629 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8660 Fishing Vessel China flag; Vessel Registration Identification IMO 9870111 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8661 Fishing Vessel China flag; Vessel Registration Identification IMO 9870587 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8662 Fishing Vessel China flag; Vessel Registration Identification IMO 9870599 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8672 Fishing Vessel China flag; Vessel Registration Identification IMO 9869291 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8673 Fishing Vessel China flag; Vessel Registration Identification IMO 9869473 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8674 Fishing Vessel China flag; Vessel Registration Identification IMO 9869485 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8675 Fishing Vessel China flag; Vessel Registration Identification IMO 9869497 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8676 Fishing Vessel China flag; Vessel Registration Identification IMO 9870123 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8677 Fishing Vessel China flag; Vessel Registration Identification IMO 9870238 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8678 Fishing Vessel China flag; Vessel Registration Identification IMO 9870240 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8679 Fishing Vessel China flag; Vessel Registration Identification IMO 9892365 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8680 Fishing Vessel China flag; Vessel Registration Identification IMO 9892377 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8681 Fishing Vessel China flag; Vessel Registration Identification IMO 9893137 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8682 Fishing Vessel China flag; Vessel Registration Identification IMO 9893149 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8683 Fishing Vessel China flag; Vessel Registration Identification 9894387 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8684 Fishing Vessel China flag; Vessel Registration Identification IMO 9894492 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8685 Fishing Vessel China flag; Vessel Registration Identification IMO 9894507 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8686 Fishing Vessel China flag; Vessel Registration Identification IMO 9894399 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8687 Fishing Vessel China flag; Vessel Registration Identification IMO 9894519 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8688 Fishing Vessel China flag; Vessel Registration Identification IMO 9899052 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8689 Fishing Vessel China flag; Vessel Registration Identification IMO 9899064 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8690 Fishing Vessel China flag; Vessel Registration Identification IMO 9899076 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8691 Fishing Vessel China flag; Vessel Registration Identification IMO 9899088 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8692 Fishing Vessel China flag; Vessel Registration Identification IMO 9899105 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8693 Fishing Vessel China flag; Vessel Registration Identification IMO 9899117 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU 8695 Fishing Vessel China flag; Vessel Registration Identification IMO 9916692 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8696 Fishing Vessel China flag; Vessel Registration Identification IMO 9916654 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8697 Fishing Vessel China flag; Vessel Registration Identification IMO 9916707 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU 8698 Fishing Vessel China flag; Vessel Registration Identification IMO 9916721 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU F30 Refrigerated Cargo Ship China flag; Vessel Registration Identification IMO 9096507 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU F91 Refrigerated Cargo Ship China flag; Vessel Registration Identification IMO 8414295 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU YUN 991 Fish Carrier China flag; Vessel Registration Identification IMO 9920954 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU YUN 992 Fish Carrier China flag; Vessel Registration Identification IMO 9910909 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU YUN 993 Fish Carrier China flag; Vessel Registration Identification IMO 9897066 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

FU YUAN YU YUN 995 Fish Carrier China flag; Vessel Registration Identification IMO 9887152 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

FU YUAN YU YUN 997 Fish Carrier China flag; Vessel Registration Identification IMO 9887853 (vessel) [GLOMAG] (Linked To: FUJIAN PROVINCIAL PINGTAN COUNTY OCEAN FISHING GROUP CO., LTD.).

HONG FENG 1 HAO Fish Carrier China flag; Vessel Registration Identification IMO 9756573 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

LONG XING 601 Fishing Vessel China flag; Vessel Registration Identification IMO 8828329 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 602 Fishing Vessel China flag; Vessel Registration Identification IMO 8011055 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 603 Fishing Vessel China flag; Vessel Registration Identification IMO 7416349 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 605 Fishing Vessel China flag; Vessel Registration Identification IMO 8682490 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 606 Fishing Vessel China flag; Vessel Registration Identification IMO 8682505 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 607 Fishing Vessel China flag; Vessel Registration Identification IMO 8682517 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 608 Fishing Vessel China flag; Vessel Registration Identification IMO 8682529 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 609 Fishing Vessel China flag; Vessel Registration Identification IMO 9004449 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 610 Fishing Vessel China flag; Vessel Registration Identification IMO 8713421 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 611 Fishing Vessel China flag; Vessel Registration Identification IMO 9037678 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 612 Fishing Vessel China flag; Vessel Registration Identification IMO 9038294 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 621 Fishing Vessel China flag; Vessel Registration Identification IMO 8909769 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 622 Fishing Vessel China flag; Vessel Registration Identification IMO 8915158 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 623 Fishing Vessel China flag; Vessel Registration Identification IMO 8910976 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 625 Fishing Vessel China flag; Vessel Registration Identification IMO 9036777 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 626 Fishing Vessel China flag; Vessel Registration Identification IMO 9031935 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 627 Fishing Vessel China flag; Vessel Registration Identification IMO 9016258 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 628 Fishing Vessel China flag; Vessel Registration Identification IMO 9016246 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 629 Fishing Vessel China flag; Vessel Registration Identification IMO 8687268 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 630 Fishing Vessel China flag; Vessel Registration Identification IMO 8687270 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 635 Fishing Vessel China flag; Vessel Registration Identification IMO 8648145 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 636 Fishing Vessel China flag; Vessel Registration Identification IMO 8648157 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 637 Fishing Vessel China flag; Vessel Registration Identification IMO 8648169 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 638 Fishing Vessel China flag; Vessel Registration Identification IMO 8648171 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 801 Fishing Vessel China flag; Vessel Registration Identification IMO 8529442 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

LONG XING 802 Fishing Vessel China flag; Vessel Registration Identification IMO 8529428 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

MIN FUZHOU YU F009 Fish Carrier China flag; Vessel Registration Identification IMO 8994013 (vessel) [GLOMAG] (Linked To: FUZHOU HONGLONG OCEAN FISHING CO., LTD.).

TIAN XIANG 16 Fishing Vessel China flag; Vessel Registration Identification IMO 8947553 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

TIAN XIANG 18 Fishing Vessel China flag; Vessel Registration Identification IMO 8603690 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

TIAN XIANG 7 Fishing Vessel China flag; Vessel Registration Identification IMO 8407802 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

TIAN XIANG 8 Fishing Vessel China flag; Vessel Registration Identification IMO 8430562 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

TIAN YU 7 Fishing Vessel China flag; Vessel Registration Identification IMO 8651283 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

TIAN YU 8 Fishing Vessel China flag; Vessel Registration Identification IMO 8651295 (vessel) [GLOMAG] (Linked To: DALIAN OCEAN FISHING COMPANY LIMITED).

to its Global Magnitsky anti-corruption & human rights sanctions program today. It also issued two new General Licenses for the program. GL 3 allows securities transactions for Pingtan Marine Enterprise Ltd:

while GL 4 allows wind down transactions related to certain vessels:

OFAC also issued 3 new Frequently Asked Questions (FAQs):

Global Magnitsky Sanctions

1102. Do non-U.S. persons risk exposure to U.S. sanctions for engaging in transactions that U.S. persons would be authorized to engage in under Global Magnitsky General Licenses 3 and 4?

No.  Non-U.S. persons may engage in the transactions authorized for U.S. persons by Global Magnitsky General License (GL) 3 and wind down transactions with the blocked persons specified in GL 4, without exposure to sanctions under Executive Order (E.O.) 13818 or the Global Magnitsky Sanctions Regulations, 31 CFR part 583, provided that such activity is consistent with those GLs.  Further, such transactions involving non-U.S. persons may be processed through the U.S. financial system or involve U.S. persons as long as the transactions comply with the terms and conditions in GLs 3 and 4.  Non-U.S. persons unable to wind down transactions in accordance with GLs 3 and 4 before 12:01 a.m. eastern standard time, March 9, 2023, are encouraged to seek guidance from OFAC before that date.

Released on 12/09/2022

Global Magnitsky Sanctions

1101. What activity does Global Magnitsky General License 4 authorize?   

On December 9, 2022, OFAC designated, pursuant to Executive Order (E.O.) 13818, several persons, including Dalian Ocean Fishing Co., Ltd.; Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd.; Fuzhou Honglong Ocean Fishing Co. Ltd.; and Pingtan Marine Enterprise Ltd. Concurrent with this action, OFAC issued Global Magnitsky General License (GL) 4, which authorizes all transactions ordinarily incident and necessary to the wind down of any transaction involving any vessel in which any of these blocked entities have an interest that would otherwise be prohibited by the Global Magnitsky Sanctions Regulations, 31 CFR part 583, through 12:01 a.m. eastern standard time, March 9, 2023, provided that any payment to a blocked person must be made into a blocked account in accordance with OFAC sanctions regulations.

The wind-down authorization in GL 4 contemplates, for example, completion of ongoing voyages, including the discharge of cargo aboard such vessels to non-blocked persons; docking or anchoring of the vessels at third-country, non-sanctioned ports; transactions related to the safety and maintenance of such vessels, such as entering into certain contracts to pay for insurance coverage, flagging, and safety and compliance inspections during the wind-down period; and transactions related to the health and safety of any crew, including the provision and processing of wages or other employee benefits, or other provision of crewing services.

After the expiration of this authorization, persons will be prohibited from engaging in such wind-down transactions with the blocked persons or vessels, unless exempt or otherwise authorized by OFAC.  Persons unable to wind down transactions with the blocked persons or vessels specified in GL 4 before 12:01 a.m. eastern standard time, March 9, 2023, are encouraged to seek guidance from OFAC before that date.  Please see GL 4 for further details.  

Released on 12/09/2022

Global Magnitsky Sanctions

1100. I am a U.S. person that owns debt or equity, including publicly traded shares, in Pingtan Marine Enterprise, Ltd. (PME), which was designated under Executive Order (E.O.) 13818.  What actions am I authorized to take under Global Magnitsky General License 3?  

Pursuant to Global Magnitsky General License (GL) 3, U.S. persons are authorized to engage in certain transactions that would otherwise be prohibited by the Global Magnitsky Sanctions Regulations, 31 CFR part 583, ordinarily incident and necessary to the divestment or transfer, or facilitation of the divestment or transfer, of debt or equity of PME to a non-U.S. person through 12:01 a.m. eastern standard time, March 9, 2023.  

GL 3 also authorizes transactions ordinarily incident and necessary to facilitating, clearing, and settling trades of debt or equity of PME that were placed prior to 4:00 p.m. eastern standard time, December 9, 2022, through 12:01 a.m. eastern standard time, March 9, 2023.  

GL 3 also authorizes, through 12:01 a.m. eastern standard time, March 9, 2023, transactions ordinarily incident and necessary to the wind down of financial contracts or other agreements linked to the debt or equity of PME and entered into prior to 4:00 p.m. eastern standard time, December 9, 2022, provided that any payments to a blocked person are made into a blocked account in accordance with OFAC sanctions regulations.  This authorization includes transactions ordinarily incident and necessary to the delisting of PME from a U.S. securities exchange. 

However, GL 3 does not authorize U.S. persons to sell or facilitate the sale of debt or equity of PME to, directly or indirectly, any person whose property and interests in property are blocked, including Xinrong Zhuo, who was designated on the same day and is PME’s chairman and CEO, among other things.  U.S. persons unable to wind down transactions in accordance with GL 3 before 12:01 a.m. eastern standard time, March 9, 2023, are encouraged to seek guidance from OFAC before that date.  Please see GL 3 for further details.  

Released on 12/09/2022

OFAC FAQs 1100-1102

And the Treasury Department issued a press release:

PRESS RELEASES

Treasury Targets Serious Human Rights Abuse Aboard Distant Water Fishing Vessels Based in the People’s Republic of China

December 9, 2022

Over 150 vessels added to SDN List

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two individuals, Li Zhenyu and Xinrong Zhuo, and the networks of entities they control, including Dalian Ocean Fishing Co., Ltd. and Pingtan Marine Enterprise, Ltd. (Nasdaq: PME) along with eight other affiliated entities. Additionally, this action identifies 157 People’s Republic of China (PRC) flagged fishing vessels in which these entities have an interest.

These actions are taken pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators of serious human rights abuse and corruption around the world. Today’s action demonstrates the U.S. government’s ongoing effort to impose tangible and significant consequences on those engaged in serious human rights abuse, including on those vessels engaged in illegal, unreported, and unregulated (IUU) fishing.

On June 27, 2022, President Biden issued the Memorandum on Combating Illegal, Unreported, and Unregulated Fishing and Associated Labor Abuses. The Memorandum notes that, if left unchecked, IUU fishing and associated labor abuses threaten the livelihoods and human rights of fishers around the world and will undermine U.S. economic competitiveness, national security, and fishery sustainability. Moreover, this behavior will exacerbate the environmental and socioeconomic effects of climate change.

“Treasury condemns the practices of those sanctioned today, which often involve the abuse of human rights, undermine fundamental labor and environmental standards, and harm the economic prospects of local populations in the Indo-Pacific,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “These designations demonstrate how seriously we take the problem of illicit fishing and our commitment to holding the perpetrators of serious human rights abuses to account.”

This is the first time Treasury has designated an entity listed on the NASDAQ stock exchange.

ILLEGAL, UNREPORTED, AND UNREGULATED FISHING

IUU fishing is a global and often unrecognized problem that threatens ocean ecosystems and sustainable fisheries. IUU fishing refers to fishing practices that are conducted in contravention of applicable laws and regulations, fishing that is not reported or misreported to relevant authorities, or fishing in unregulated areas or for unregulated species in ways that are inconsistent with countries’ conservation responsibilities. IUU also is associated with distant water fishing (DWF), where fleets fish in other countries’ waters or in international waters to meet the growing demand for seafood. China’s DWF fleet is the largest in the world.

IUU fishing and DWF fleets have a reputation for rampant abuse of crewmembers. According to the International Labor Organization, there are strong links between IUU fishing and the use of forced labor on board. Fishing often takes place in extreme isolation with unique vulnerabilities presented in terms of working hours and conditions, wages, and access to health care and communication technologies. The work is often carried out by migrants, who are particularly vulnerable to deception and coercion in recruitment and employment.

According to the National Oceanic and Atmospheric Administration, “addressing forced labor is particularly challenging within the seafood industry. Vessels sometimes spend months to years at sea, impeding the escape from, or the reporting of, labor abuse. Emotional and physical abuse, sometimes resulting in death; excessive overtime; poor living conditions; deceptive or coercive recruiting; and non-payment or underpayment of wages are some examples of the abuses sustained by fishing sector workers subjected to human trafficking, including forced labor.”

These designations are the latest U.S. government actions in an ongoing effort to deter IUU fishing and associated human rights abuses in the international fishing industry.

DALIAN OCEAN FISHING CO., LTD.

As the owner and manager of 32 fishing vessels, Dalian Ocean Fishing Co. Ltd.(DOF) is responsible for the day-to-day operations of its fleet. In February 2019, one of DOF’s fishing vessels, LONG XING 629, went to sea with a crew of 24, operating in the Pacific Ocean until April 2020. While the LONG XING 629 was licensed to catch tuna during its voyage, it also was reportedly engaged in illegal shark finning, taking over 700kg of fins, including from endangered sharks. After 13 months without a port visit, with average workdays lasting 18 hours and living off expired food and brown desalinated seawater, five crewmembers had died; at-sea refueling and transshipments of fish to refrigerated cargo vessels known as “reefers” allowed the ship to operate without interruption. The bodies of three crewmembers who died at sea were dumped into the ocean rather than repatriated home. When the surviving crewmembers returned home, they were diagnosed with malnutrition and received only a fraction of their promised pay. They have since described deceptive recruiting practices, the confiscation of identity documents, punishing work, and physical abuse.

Subsequent investigation found that similar abuses occurred across DOF’s fleet, with widespread reports of physical assault, malnutrition, overwork, withheld pay, and five more crewmember deaths. Based on their contracts, crewmembers who left the ship would forfeit their salaries while still owing the recruiting fees they had agreed to pay out of future earnings, leading to the potential for intergenerational debt bondage. Other vessels stayed at sea for more than two years without a port visit, meaning no access to the outside world or any way to let others know of the oppressive conditions. Through all of this, DOF received almost $8 million annually in PRC government subsidies encouraging distant water fishing.

OFAC designated DOF’s chairman and general manager, Li Zhenyu (Li), pursuant to E.O. 13818, for being a foreign person who is a leader or official of an entity, including any government entity, that has engaged in, or whose members have engaged in serious human rights abuse relating to the leader’s or official’s tenure.

OFAC designated DOF pursuant to E.O. 13818 for being owned or controlled by Li.

OFAC also identified 32 vessels in which DOF has an interest and are therefore blocked property.

PINGTAN MARINE ENTERPRISE, LTD.

Cayman Islands-registered Pingtan Marine Enterprise, Ltd (PME) operates a large fleet of nearly 100 fishing vessels and reefers through its subsidiary, China-based Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd.(Pingtan Fishing), and its affiliated company, Fuzhou Honglong Ocean Fishing Co., Ltd. (Honglong), along with roughly 2,000 crewmembers. In 2021, Pingtan Fishing received a $19 million subsidy from the PRC government as an incentive to develop its DWF industry to satisfy China’s demand for seafood. Its vessels have been involved in serious human rights abuse and implicated in IUU fishing and other illegal activity in Indonesia, East Timor, and Ecuador. This includes the 2017 seizure of a Honglong-owned vessel and the arrest and imprisonment of the vessel’s crew after the Ecuadorian Navy found it had illegally transshipped more than 6,600 shark carcasses, including from endangered species, through the waters of the protected Galapagos Marine Reserve. Additionally, in 2016, an Indonesian court ordered a moratorium on PME’s fishing activities and the impoundment of its affiliate vessels in Indonesia following allegations against an affiliated company that included human rights abuse.

Crewmembers, already enduring miserable conditions, overwork, and extreme isolation aboard Pingtan Fishing-owned vessels, have reported instances of physical violence and forced labor. In one case, after crewmembers reportedly contacted their families for the first time in seven months and learned they had not been paid, a crewmember’s request to leave the ship was denied and food was withheld for three days. Crews that had completed their contracts, but who were forced to continue working for months in light of COVID restrictions, learned only later that they were never paid at all. Still others reported physical abuse. On another ship, a grossly negligent response to an accident contributed to the death of a crewmember after it took over two weeks to get the seriously injured crewmember to see a doctor aboard another ship. In another case, crewmembers on one ship only learned of the global pandemic in May 2020, after they arrived in port for the first time in over a year.

OFAC designated PME’s founder, chairman, and CEO, Xinrong Zhuo (Zhuo), pursuant to E.O. 13818, for being a foreign person who is a leader or official of an entity, including any government entity, that has engaged in, or whose members have engaged in serious human rights abuse relating to the leader’s or official’s tenure.

OFAC also designated, pursuant to E.O. 13818, PME, Heroic Treasure Limited, and Mars Harvest Co., Ltd. for being owned or controlled by Zhuo; the British Virgin Islands-registered Merchant Supreme Co., Ltd. (Merchant) for being owned or controlled by PME; Hong Kong-registered Prime Cheer Corporation Ltd. (Prime) for being owned or controlled by Merchant; PRC-registered Pingtan Guansheng Ocean Fishing Co., Ltd. (Guansheng) for being owned or controlled by Prime; Fujian Heyue Marine Fishing Development Co., Ltd. (Heyue) for being owned or controlled by Guansheng; and Pingtan Fishing for being owned or controlled by Heyue.

Additionally, OFAC designated Honglong, pursuant to E.O. 13818, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, PME. Honglong, which is owned by Zhuo’s family, provided PME with millions of dollars’ worth of fuel and supplies for their vessels. PME and Honglong have used each other’s vessels to collateralize loans worth hundreds of millions of dollars, and PME claims exclusive operating rights to 20 of Honglong’s vessels.

OFAC also identified 78 vessels in which Pingtan Fishing has an interest and are therefore blocked property.

OFAC also identified 47 vessels in which Honglong has an interest and are therefore blocked property.

Concurrent with these actions, OFAC is issuing two general licenses (GLs), Global Magnitsky GLs 3 and 4. GL 3 authorizes U.S. persons to engage in certain transactions ordinarily incident and necessary to the wind down of financial contracts and other agreements related to PME, or the divestment or transfer of debt or equity of PME, which is currently listed on the NASDAQ stock exchange, to a non-U.S. person through 12:01 a.m. eastern standard time, March 9, 2023.

GL 4 authorizes U.S. persons to engage in transactions that are ordinarily incident and necessary to the wind down of transactions involving a vessel in which one or more of the blocked entities identified above have an interest, through 12:01 a.m. eastern standard time, March 9, 2023. For additional details, see GL 3 and GL 4, as well as adjoining FAQs 1100, 1101, and 1102.

SANCTIONS IMPLICATIONS

As a result of today’s action, all property and interests in property of the persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated person, or the receipt of any contribution or provision of funds, goods, or services from any such person.

The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the SDN List, but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, please refer to OFAC’s Frequently Asked Question 897 here. For detailed information on the process to submit a request for removal from an OFAC sanctions list, please click here.

GLOBAL MAGNITSKY

Building upon the Global Magnitsky Human Rights Accountability Act, E.O. 13818 was issued on December 20, 2017, in recognition that the prevalence of human rights abuse and corruption that have their source, in whole or in substantial part, outside the United States, had reached such scope and gravity as to threaten the stability of international political and economic systems. Human rights abuse and corruption undermine the values that form an essential foundation of stable, secure, and functioning societies; have devastating impacts on individuals; weaken democratic institutions; degrade the rule of law; perpetuate violent conflicts; facilitate the activities of dangerous persons; and undermine economic markets. The United States seeks to impose tangible and significant consequences on those who commit serious human rights abuse or engage in corruption, as well as to protect the financial system of the United States from abuse by these same persons.

U.S. Treasury Department Press Release

Links:

OFAC Notice

Global Magnitsky General Licenses – 3, 4

New FAQs (1100-1102)

Press Releases – Treasury

Categories: Frequently Asked Questions (FAQ) Global Magnitsky Sanctions Guidance Licenses OFAC Updates Sanctions Lists

eric9to5

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