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Imtech Marine in UAE under investigation for export/sanction violations

Imtech has launched an investigation into sales activities at Imtech Marine in the UAE that could have breached export controls and sanctions regulations.

Marcus Hand, Editor

January 14, 2015

1 Min Read
Kalyakan - stock.adobe.com

In a statement the company said: “Imtech has initiated an investigation into certain sales activities by an Imtech Marine entity in the United Arab Emirates in relation to potential violations of applicable export controls and sanctions regulations.”

The investigation is being conducted by an external counsel and experts. Imtech Marine in the UAE has revenues of around EUR15m ($17.6m) a year and the company said initial investigations showed a possible violations related to “a relatively small percentage of this revenue”.

Read more about:

SanctionsUAE

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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