The US on Wednesday imposed sanctions on five Iranian ship captains who delivered oil to Venezuela, Secretary of State Mike Pompeo informed speaking at a news conference.
Brazil’s Petroleo Brasileiro SA informed shippers that it will not hire any tankers that have visited Venezuela the past 12 months, being in line with U.S. sanctions on the Latin American nation.
Fortune, the Iranian tanker, is sailing towards the 12-nm boundary of Venezuela’s territorial seas, bringing its controversial journey to a close.
Venezuela’s oil exports increased in April after falling in March to their lowest average in seven months. This growth was helped by new trading partners that were re-selling cargoes in Asia.
The Government of Venezuela reported that the Venezuelan patrol vessel GC-23 Naiguata and the ice-class expedition cruise ship RCGS Resolute had an encounter, which resulted in the patrol vessel’s sinking.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated TNK Trading International S.A. (TTI) for operating in the oil sector of the Venezuelan economy.
Tanker Owner, Mercantile & Maritime, reported that it will halt its shipments of Venezuelan oil for Rosneft, following the United States’ sanctions against the Russian oil giant’s Geneva-based trading arm Rosneft Trading S.A.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russian Rosneft Trading S.A. for operating in the oil sector of the Venezuelan economy, while also designated the chairman of the board of directors and president of Rosneft Trading S.A., Didier Casimiro, for purporting to act for or on behalf of, directly or indirectly, Rosneft Trading S.A.
The Venezuelan Maritime Authority has required port payments to be in its own digital Petro Currency, which is sanctioned by the US. In light of these developments, the Standard P&I Club recommended owners and operators to consider carefully trade to Venezuela.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) blacklisted additional six vessels linked to Venezuelan PdVSA, with the latter having already been sanctioned. All vessels stated above, departed Venezuela for Cuba in the fall to deliver oil for the sanctioned Cuban trading firm Cubametales.
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