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Sanctions-busting tanker in collision with boxship in Malacca Strait

Sanctions-busting tanker in collision with boxship in Malacca Strait
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Tanker prices draw Thenamaris and Lundqvist to sell older aframaxes

Tanker prices draw Thenamaris and Lundqvist to sell older aframaxes
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Lundqvist rederierna

Special Report: UAE emerges as hub for companies helping Venezuela avoid U S oil sanctions

16 Min Read NEW YORK (Reuters) - In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Satellite image captured by Planet Labs and verified by TankerTrackers.com, shows the Alastayir oil tanker (green, top) in a position to conduct a ship-to-ship transfer of crude with the Afra Royal oil tanker (bottom, red) in the Straits of Malacca, Malaysia October 17, 2020. Planet Labs/via REUTERS Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan crude.

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SPECIAL REPORT-UAE emerges as hub for companies helping Venezuela avoid U S oil sanctions

SPECIAL REPORT-UAE emerges as hub for companies helping Venezuela avoid U S oil sanctions
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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UAE Emerges As Hub For Companies Helping Venezuela

Maritime Activity Reports, Inc. December 29, 2020 © Pak Agen / MarineTraffic.com In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan crude. The company, Muhit Maritime FZE, is one of three UAE-based entities identified by Reuters that have shipped Venezuelan crude and fuel during the second half of this year. Their role emerges from an examination of internal shipping documents from Venezuela’s state oil company as well as third-party shipping and vessel tracking data. Tankers managed by the firms have transported millions of barrels of oil produced by state-run Petroleos de Venezuela SA, or PD

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