News & Resources
The latest updates from the Club
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We are grateful to our local correspondents Globalpandi in Venezuela who have provided an update on the current situation in Venezuela which is available here.
Latest news
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News 03 Mar, 2026Update: Current threat level in the Strait of Hormuz
Members are asked to note that EOS Risk Group have issued an advisory as of 3 March 2026 0800 UTC as follows Continue to defer transit of SoH following IRGC warning the same is closed to ALL shipping. Monitor and adhere to local authorities’ guidance regarding Shelter in Place Maritime
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News 23 Feb, 2026Venezuelan sanctions - OFAC issues various new General Licenses
Following the seizure of Nicolas Maduro by the United States in January 2026, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued a series of new General Licenses ("GLs") and accompanying FAQs that are significantly reshaping the Venezuela sanctions landscape.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director -
News 20 Feb, 2026West delivers stable renewal with strong retention and selective growth
London, UK, 20 February 2026 – West P&I has reported a stable and disciplined renewal at 20 February, achieving high levels of Member retention while continuing to grow its entered tonnage across all Classes through the selective acquisition of new quality business, both from our existing Membership and from new entries to the Club.
Notices to Members
Sanctions news
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News 23 Feb, 2026Venezuelan sanctions - OFAC issues various new General Licenses
Following the seizure of Nicolas Maduro by the United States in January 2026, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued a series of new General Licenses ("GLs") and accompanying FAQs that are significantly reshaping the Venezuela sanctions landscape.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director -
News 19 Feb, 2026Russian sanctions - due diligence requirements when carrying petroleum products to the EU
Following the entry into force of Article 3ma of Council Regulation (EU) No. 833/2014 on 21 January 2026, shipowners and operators face compliance obligations when carrying certain petroleum products into the EU.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director
