The Biden administration has slapped sanctions on tankers and their registered owners for violating the oil price cap.

But Yasa Holdings principal Emirhan Sabanci told TradeWinds that his company’s vessel was wrongly targeted.

The US Treasury Department’s Office of Foreign Assets Control (Ofac) put the 157,300-dwt suezmax tanker SCF Primorye (built 2009) and Dubai-based registered owner Lumber Marine on its blacklist.