HOUSTON, June 5 (Reuters) – A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on Friday.
Adamant Maritime Ltd, owner of very large crude-oil carrier (VLCC) Seahero was sanctioned by the U.S. Department of Treasury on Tuesday for carrying a Venezuelan cargo in February. The vessel is heading to Asia after recently stopping in Trinidad and Tobago, according to vessel tracking data.
The tanker is on short-term charter and “performing a voyage that is not related to Venezuela,” Chevron spokesman Ray Fohr said. “We are working with the appropriate government agencies to ensure compliance with U.S. laws and regulations,” he said.
Chevron is the last U.S. oil producer operating in Venezuela.
It put the vessel on a six-month charter a week ago, prior to the sanctions, according to Refinitiv Eikon data.
The U.S. Treasury Department sanctioned Adamant Maritime and three other shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust President Nicolas Maduro by cutting off the OPEC nation’s crude exports.
Washington is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, a U.S. official confirmed on Friday.
Vessels that could be targeted included 25 supertankers, which can each carry a maximum of 2 million barrels of oil, and 17 smaller vessels, sources said.
The Treasury Department did not immediately respond to a request for comment.
The Seahero’s manager was listed as Greek company Thenamaris, according to shipping data and Thenamaris’ website. The Athens-based company did not immediately respond to a request for comment. (Reporting by Jennifer Hiller in Houston, Devika Krishna Kumar in New York and Jonathan Saul in London; Editing by Marguerita Choy, Richard Chang and David Gregorio)
CAIRO, March 2 (Reuters) – The Houthi Transport Ministry in Yemen said on Saturday there had been a “glitch” in undersea communication cables in the Red Sea as a result of actions...
by Captain John Konrad (gCaptain) In the current American labor landscape, the stark contrast between the assertive strides of transportation unions and the maritime sector’s unique labor challenges is striking....
By Mikhail Flores MANILA, Dec 2 (Reuters) – Evacuations were under way in the Philippines after a quake of at least magnitude 7.5 struck the southern region of Mindanao on Saturday night,...
December 2, 2023
Total Views: 2162
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.