Fleet Tanqo Private Limited
Navi Mumbai shipping company OFAC-designated 15 April 2026 for Iranian oil smuggling.
Last refreshed: 21 April 2026 · Appears in 1 active topic
How did a Navi Mumbai shipping firm end up at the centre of US Iran sanctions?
Timeline for Fleet Tanqo Private Limited
Designated by OFAC as part of Shamkhani oil smuggling network; SDN listing risks secondary sanctions exposure for Indian banking counterparties
Iran Conflict 2026: OFAC named India three days before IRGC fire- What is Fleet Tanqo Private Limited and why was it sanctioned?
- Fleet Tanqo is a Navi Mumbai shipping company designated by OFAC on 15 April 2026 for facilitating Iranian oil smuggling through the Shamkhani network.Source: US Treasury OFAC
- Which Indian shipping companies were put on the US sanctions list for Iran?
- Fleet Tanqo Private Limited (Navi Mumbai), House of Shipping Private Limited (Chennai), and House of Shipping Investment FZCO (Dubai) were all designated by OFAC on 15 April 2026.Source: US Treasury OFAC
- What does an OFAC designation mean for an Indian company?
- An OFAC designation freezes any US-jurisdiction assets and bars US persons from transacting with the company, effectively cutting it off from dollar-denominated trade and US banking.
Background
Fleet Tanqo Private Limited is a Navi Mumbai-based shipping company designated by the US Treasury's OFAC on 15 April 2026 as part of the Shamkhani Iranian oil-smuggling network. It was one of three Indian corporate entities named in a single OFAC action that also sanctioned two Indian nationals and added nine tankers to the Specially Designated Nationals list.
The company served as a corporate intermediary within a broader network using Indian legal entities to obscure the ownership of tankers moving Iranian crude past US export controls. Navi Mumbai, a planned satellite city adjacent to Mumbai port, hosts significant shipping and logistics infrastructure; Fleet Tanqo's registration there placed it within a commercial ecosystem connected to India's largest crude import hub.
The designation freezes any US-jurisdiction assets and prohibits US persons from transacting with the company. The action came three days before the IRGC fired on Indian-flagged tankers in the Strait of Hormuz, placing Indian shipping intermediaries at the intersection of US sanctions enforcement and Iranian military aggression in the same week.
