Hong Kong Blue Ocean Limited

Hong Kong Blue Ocean Limited is one of four Hong Kong-registered entities designated by OFAC on 11 May 2026 under Operation Economic Fury targeting the IRGC's oil-logistics network. Its designation alongside Jiandi HK Limited, Max Honor International Trade Co. Limited, and a fourth HK entity reflects OFAC's focus on the Hong Kong layer of the multi-jurisdictional shell structure used to move sanctioned Iranian crude from UAE-based logistics companies toward Asian buyers.

The timing of the HK designations was calibrated to avoid naming mainland Chinese refineries protected by MOFCOM's Blocking Rules, instead targeting the HK-registered intermediary layer. HK companies operate under distinct legal arrangements from mainland China and have more exposure to US secondary-sanctions pressure.