Greece-based ship­ping firms halt trade with Venezuela

Kathimerini English - - Front Page -

(Reuters) – Three Greece-based ship­ping com­pa­nies said they have halted trade with Venezuela af­ter the United States im­posed sanc­tions on ves­sels un­der their man­age­ment, as Wash­ing­ton ramps up com­mer­cial heat on Cara­cas. The US gov­ern­ment is seek­ing to choke Venezue­lan oil ex­ports to starve the gov­ern­ment of so­cial­ist Pres­i­dent Ni­co­las Maduro of its main source of rev­enue. Ex­ist­ing sanc­tions have cut Venezue­lan ex­ports sharply, but Maduro has held on. Wash­ing­ton may tighten sanc­tions by adding dozens more tankers to an ex­ist­ing black­list, sources told Reuters. The US Trea­sury said on June 2 it had im­posed sanc­tions on four ship­ping com­pa­nies for trans­port­ing Venezue­lan oil. Athens-based Dy­na­com Tankers Man­age­ment, which man­ages the Chios I tanker, among the ships black­listed, said in a state­ment on Mon­day it was “com­mit­ted to re­frain­ing from any fu­ture busi­ness in­volv­ing Venezuela.” NGM En­ergy SA, which man­ages an­other ves­sel black­listed, the Voy­ager I tanker, said sep­a­rately on Fri­day that it had im­ple­mented “a strict pol­icy against ser­vic­ing ves­sels in­tend­ing to call at Venezuela or to load cargo of Venezue­lan ori­gin in the fu­ture, ab­sent ex­press US au­tho­riza­tion.” An­other lead­ing Greek ship firm, Thenamaris, said it was fully co­op­er­at­ing with US au­thor­i­ties to re­solve sanc­tions against the Sea­hero tanker that it man­ages and the ves­sel’s owner Adamant Mar­itime Ltd.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.