Latest News for: Venezuela shipping


Tanker with Venezuelan oil runs aground in Indonesian waters

Manila Bulletin 09 Dec 2023
JAKARTA, Indonesia– A tanker carrying oil from sanctioned Venezuela has run aground near the Singapore strait, according to a ship tracking firm and Indonesian officials ... Satellite-based ship tracker Inc ... Last month, Turba, another Cameroon-flagged ship smuggling Russian oil, was discovered floating off the coast of Indonesia.

A shadow-fleet oil tanker that falsified its location and carried Venezuelan crude got stuck near Singapore

Business Insider 08 Dec 2023
Both companies said the ship was "spoofing," or making it show up on digital tracking systems near West Africa when in reality it was off the shores of Venezuela ... Many of those, industry experts said, were reallocated from the ships servicing Iran and Venezuela, two other nations facing oil sanctions.

COP28 fossil fuel debate sizzles as world marks record hot year

Lebanon Democrat 06 Dec 2023
With 2023 confirmed to be the hottest year on record by Europe's climate monitor, the temperature was also rising on Wednesday for negotiators thrashing out the thorny issue of fossil fuels at COP28 in Dubai ... US Warship and Commercial Ships Attacked in Red Sea, Pentagon Confirms. +4. Guyana 'vigilant' as Venezuela vows to 'reclaim' disputed region.

Experts Share Nation's Top Holiday Theme Park Events

Sierra County Sentinel 05 Dec 2023
Thrill Data, a website that reports on crowd levels at theme parks, predicts the week of Christmas 2023 to be the busiest week of the Walt Disney World year. The holiday season brings some of the busiest crowds of the year to United States theme parks ... Hundreds of Chinese Ships Gather Near the Philippines - TaiwanPlus News. +7. Venezuela ... .

US sanctions relief for transactions in Venezuelan oil and gas

SAFETY4SEA 04 Dec 2023
With respect to the shipping industry, the carriage of oil or gas from Venezuela would fall within the scope of “related goods and services” set forth in section (a)(1) of GL 44, provided such carriage does not violate the prohibitions set forth in section (b) of GL 44, which includes the following.

Venezuela's oil exports remain almost unchanged, middlemen seek deals

Reuters 02 Dec 2023
sanctions is now allowing sales to trading houses, according to shipping and tanker tracking data ... However, stagnant crude production, long-standing loading delays and some shippers' aversion to sending vessels to Venezuela are reshuffling exports to different customers, without increasing total volumes shipped.

China slows Venezuela crude buys as U.S. sanctions lifting triggers 'disarray'

Reuters 23 Nov 2023
Despite a slight increase in Venezuela's output, the OPEC producer's exports to China directly and through Malaysia have fallen about 9% to 435,000 barrels per day so far this year from a year-ago, according to shipping data and documents from Venezuela's state-oil producer PDVSA.
photo: AP / Ismael Francisco, Prensa Latina
In this May 28, 2010 photo is seen the Camilo Cienfuegos oil refinery in Cienfuegos, Cuba. Cuba plans to build three additional loading docks and a terminal large enough to accommodate modern supertankers by 2014 at its port in Cienfuegos, part of the Cuban government's effort with Venezuela to rehabilitate and modernize the area's oil refinery.

Oil futures spreads signal market moving toward oversupply

Reuters 17 Nov 2023
A switch to contango, which gives traders an incentive to buy and store fuel, came this week as crude futures fell to the lowest since mid-July on concerns about weaker near-term demand ... U.S ... , ... government data that showed a rise in U.S ... U.S ... Exploration & ProductioncategoryChevron shipping fuels to Venezuela's PDVSA in expansion of oil swap.

US renews license to oil service firms in Venezuela on same terms

Reuters 16 Nov 2023
on Thursday extended through May 16 a license allowing four oilfield service firms to maintain their current assets in Venezuela, while restricting what services they can perform in the country ... But the companies remain prohibited from drilling, lifting, processing, purchasing, transporting or shipping any Venezuela-origin oil.

Pole Star Global: Combatting a new era of maritime sanctions evasion

SAFETY4SEA 16 Nov 2023
Recent years have seen a notable increase in deceptive shipping practices (DSPs), particularly in the form of AIS spoofing and dark fleet activity ... For instance, in April, OFAC singled out P&I clubs, ship owners, flag registries, and commodities brokers to remain vigilant for DSPs as evidence of sanctions evasion.

World’s Top Oil Trader Returns To Venezuela After U.S. Sanctions Relief

Oil Price 15 Nov 2023
... supertanker to load oil from Venezuela, lists of ship charters compiled by Bloomberg showed on Wednesday.

GD riding the blue economy wave

Shenzhen Daily 09 Nov 2023
At the Yantian International Container Terminals (YICT) in Shenzhen’s Yantian Port, cargo ships gathered at the anchorage ... So, either it’s for family or friends or even by yourself, it’s a totally recommended experience,” Rafael Saavedra from Venezuela said, when talking about a sea tour on the “Da Wan Qu Er Hao” cruise ship.

Want to ease the migration crisis? End U.S. economic sanctions

People's World 31 Oct 2023
Note is taken of Venezuela’s GDP falling 74% over eight years and of $31 billion in oil revenues lost between 2017 and 2020 ... The sanctions block access to international credit, punish owners of foreign ships entering Venezuelan ports, and prevent income generated in the United States by Venezuela’s Citgo oil company from being repatriated.

More Hong Kong People and Companies Have Been Sanctioned by the U.S. for Aiding Iran’s Military

The Epoch Times 28 Oct 2023
The new entrants are 11 individuals, eight entities, and one ship, from Iran, Venezuela, mainland China, and Hong Kong, involving three Hong Kong companies and one Hong Kong citizen.

Malaysia detains tankers over illegal STS operation

Splash24/7 27 Oct 2023
A not-for-profit, non-partisan organization United Against Nuclear Iran (UANI) has identified two vessels conducting an illegal ship-to-ship (STS) transfer of Iranian crude ... If we count in vessels carrying sanctioned cargoes for Iran, Venezuela, and Russia the number of vintage vessels within the shadow fleet climbs to over 600 ships ... .