German bank alleges Chinese shipowners breached sanctions in seizure application

A German bank, Norddeutsche Landesbank-Girozentrale (NordLB), has alleged that 2 Chinese vessels, “Gas Infinity” and “Gas Dignity”, breached US sanctions on Iran by transporting Iranian oil, which in turn infringed the sanctions clause in the bank’s mortgage agreement with the Chinese owners. Reportedly, the vessels deactivated their transponders when approaching the Strait of Hormuz, and reactivated them several days later …