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News & Resources

The latest updates from the Club

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West upgraded to A- rating with Standard and Poor’s

West P&I has been assigned a Financial Strength Rating of A- by Standard and Poor’s. The outlook assigned to the rating is stable.

Latest news

  • News 11 Sep, 2026
    West Continues Collaboration with VPS for 2026–27

    West is pleased to announce the renewal of its contract with Veritas Petroleum Services (VPS) for 2026–27, continuing a collaboration that provides Members with independent bunker fuel quality statistics and alerts through the Club’s Neptune platform.

    Dmitry Kisil
    Dmitry Kisil
    Senior Loss Prevention Officer
  • News 01 Sep, 2026
    Venezuela sanctions – amended OFAC General Licences issued

    Further to our comprehensive guide issued on 6 January 2026 and updated on 23 February 2026 reflecting important changes in US sanctions against Venezuela in light of the seizure of Nicolas Maduro by the United States, OFAC have issued further amended General licences and association FAQs.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
  • News 28 Aug, 2026
    Iran sanctions – Increased Secondary Sanctions Risk for Operating in the Iranian Shipping Sector

    On 24 August 2026, the U.S. Department of the Treasury launched Operation Economic Outcast, a new U.S. campaign targeting the Iranian regime and those facilitating its activities globally.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director

Sanctions news

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