How Iran fuel Oil Exports Beat U.S. Sanctions in Tanker Odyssey to Asia

By Roslan Khasawneh, Ahmed Rasheed and Ahmed Elumami SINGAPORE/BAGHDAD/TRIPOLI, March 20 (Reuters) - At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders. The shipments were loaded … [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...]

New Supertankers Carrying Gasoil West Hits Record With More to Come -Vortexa

LONDON, March 14 (Reuters) - * Ship builders in Asia are sending a record number of supertankers west carrying middle distillate oil products, such as diesel, data intelligence firm Vortexa said on Thursday, adding more volumes might follow. * Very large crude carriers (VLCC) often carry refined, or clean, oil products on their maiden journey before switching to crude … [Read more...]

Iran’s Oil Tanker Fleet Being Squeezed as Sanctions Bite

By Jonathan Saul and Parisa Hafezi LONDON/DUBAI, March 13 (Reuters) - Iran is running short of options to replace its aging fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said. Since U.S. President Donald Trump reimposed … [Read more...]

Venezuela’s PDVSA Says Still Working with German Shipping Firm

By Mircely Guanipa and Marianna Parraga PUNTO FIJO, Venezuela, March 7 (Reuters) - Venezuela's state-run oil company PDVSA said on Thursday it has not halted business with maritime contractor Bernhard Schulte Shipmanagement (BSM), after the German firm notified it would remove crews operating 10 of 15 PDVSA vessels over unpaid fees and return the tankers. PDVSA's maritime … [Read more...]