News / Port of Mariel eyes new transhipment volumes as US lifts time ban on vessels from Cuba

Prospects of the Cuban port of Mariel capturing US transhipment volumes have significantly improved since the US government last week lifted a ban on foreign vessels calling at US ports within 180 days of calling at Cuba.

The US Treasury’s Office of Foreign Assets Control (OFAC) and Commerce Department’s Bureau of Industry and Security (BIS) issued a general licence, waiving the restriction as part of the ongoing programme to restore relations between the two countries.

Treasury Secretary Jacob Lew said: “President Obama’s historic announcement in December ...