The American Bureau of Shipping (ABS) has joined the growing list of classification societies withdrawing services to Russian-linked entities.
ABS withdraws class services
The society says that “after careful consideration of the situation in the Ukraine and the Black Sea as well as the applicable sanctions,” it has taken the decision to withdraw all class services involving Russian vessels, assets and companies.
It says that the decision “follows the tragic events developing in Ukraine and a thorough evaluation of the evolving regulatory and sanctions environment and its applicability to ABS operations. As a U.S. company, ABS strictly follows both the letter and the spirit of U.S. sanctions law.”
ABS says it is “in the process of communicating with all affected clients and stakeholders to ensure a safe and orderly transition out of ABS class” and that it is in contact with all employees in the region and working to ensure their safety.
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Source: ABS
