By Marianna Parraga, Florence Tan and Mircely Guanipa May 23 (Reuters) - German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA's oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources close to the decision. PDVSA has struggled for years to … [Read more...]
Shipbroker McQuilling Ends Tanker Contracts with Venezuela’s PDVSA
HOUSTON, March 15 (Reuters) - A second maritime firm has told Venezuela's state-run oil firm Petroleos de Venezuela it would end all charter contracts with the company as a result of U.S. sanctions, according to an internal document and a person familiar with the matter. U.S.-based McQuilling Partners Inc, which provided PDVSA with four contract tankers, joined German tanker … [Read more...]
Venezuela’s PDVSA Declares Maritime Emergency as Tankers Return
By Marianna Parraga March 6 (Reuters) - Plans by the German operator of a portion of the Venezuelan state oil company's tanker fleet to return 10 vessels because of unpaid fees prompted a unit of state-run PDVSA on Tuesday to declare a maritime emergency, according to a document from the state-run firm and sources. PDVSA's weak finances, the result of mismanagement, a sharp … [Read more...]
Banned at Sea: Venezuela’s Crude-Stained Oil Tankers
By Marianna Parraga and Mircely Guanipa HOUSTON/PUNTO FIJO, Venezuela, April 18 (Reuters) - In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters. The vessel is among many that are constantly contaminated at two major export terminals … [Read more...]
Second Algerian Crude Cargo Arrives in Venezuela
HOUSTON, Nov 18 (Reuters) - A tanker carrying Algerian light oil arrived at the Venezuelan port of Jose late on Monday and is waiting to unload up to 2 million barrels in PDVSA's second crude purchase from state-run Sonatrach, according to Reuters vessel-tracking data. Venezuela last month started importing crude for the first time in its history. It is using the oil to … [Read more...]