Tag: Venezuela

Venezuelan national Guard confirmed the seizure of almost 150 kg of cocaine onboard the Panamanian-flagged tanker 'Jose Progress', during a routine inspection at the docks of José Antonio Anzoátegui Petrochemical Complex. The tanker and the 20 crewmen onboard are detained. 

The American Club informed of recent reports that have drawn attention to increased delays being experienced by vessels awaiting discharge at Puerto Cabello, Venezuela. Vessels waiting berth have remained at anchorage for periods ranging from weeks to months.

OPEC received about $567 billion in net oil export revenues in 2017, an increase of 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports increased revenues in 2017, and EIA expects that revenues will continue to increase in 2018, according to EIA’s August Short-Term Energy Outlook.

Venezuela started testing ship-to-ship oil transfers to ease the delays of crude deliveries from its main terminals. Tankers waiting to load more than 24 million barrels of crude, are sitting off the country’s main oil port. These delays could damage the state-run PDVSA’s supply contracts if they are not cleared as soon as possible.

Venezuela has stayed behind in delivering crude to customers from its oil export terminals, as delays and production declines could damage the state-run PDVSA’s supply contracts if they are not cleared as soon as possible. Tankers are waiting to load more than 24 million barrels of crude.

Following introduction of the cryptocurrency 'Petro' in February 2018, the US President has issued a further Executive Order, which prohibits US persons, and persons within the US, from engaging in any dealings in “any digital currency, digital coin or digital token” issued by Venezuela on or after 9 January 2018, which would include the Petro.

Steamship Mutual announced that the Venezuelan Club Correspondents Venepandi have reported a trend where some crew members and even Masters have become subject to criminal investigations because of alleged bribery committed with local officials in terminals or similar in Venezuela.

Standard Club has recently noticed incidents of corruption regarding the practice of mandatory underwater hull inspections in Venezuelan ports, which are conducted by diving companies appointed by the terminal and suggests measures for their prevention.

Skuld P&I Club issues loss prevention advice for vessels calling at Venezuela

US Advisory on carriage of weapons to Venezuela