Tag: Venezuela

February 20, 2020

The sanctions are expected to make it more difficult for Venezuela to export oil, especially to China and India, exerting further pressure on the tanker market. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) said that […]

December 4, 2019

The six vessels — Icaro, Luisa Caceres de Arismendi, Manuela Saenz, Paramaconi, Terepaima and Yare — have been identified as blocked property of Venezuela’s state-run oil firm Petroleos de Venezuela, S.A. (PdVSA), according to a statement issued by the U.S. […]

September 25, 2019

Namely, the U.S. Treasury said that the latest measures include Cyprus-headquartered Caroil Transport Marine, and the three vessels that the company operates, as well as the Panama-based Trocana World Inc., Tovase Development Corp and Bluelane Overseas SA, the registered owner […]

May 13, 2019

The ships in question are the crude oil tanker Ocean Elegance and the chemical and oil tanker Leon Dias. Both vessels delivered crude oil from Venezuela to Cuba from late 2018 through March 2019. The Department of the Treasury’s Office […]