Why did Russia seize oil off a Venezuelan cargo ship in the Caribbean? - CSMonitor.com:
Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million – money the crisis-stricken nation desperately needs.
Instead, the owner of the tanker, the Russian state-owned shipping conglomerate Sovcomflot, held the oil in hopes of collecting partial payment on $30 million that it says PDVSA owes for unpaid shipping fees.
Despite a longstanding alliance between Venezuela and Russia, Sovcomflot sued PDVSA in St. Maarten, a Dutch island on the northeast end of the Caribbean.
"The ship owners ... imposed garnishment on the aforementioned oil cargo," reads a March decision by the St. Maarten court.
Five months after crossing the Caribbean, the NS Columbus discharged its cargo of crude at a storage terminal on St. Eustatius, an island just south of St. Maarten, under a temporary decision by the court. Another tribunal in England will decide if Sovcomflot will ultimately take the oil.
Showing posts with label Repo-Ship. Show all posts
Showing posts with label Repo-Ship. Show all posts
Wednesday, June 28, 2017
1 week after black Saturday, 2 ships impounded, FIR filed | Chennai News - Times of India
1 week after black Saturday, 2 ships impounded, FIR filed | Chennai News - Times of India:
CHENNAI: As the extent of the oil spill caused by the collision of two ships off the Ennore Port in Chennai dawned on the authorities a week after the incident, multiple agencies stepped in to probe the accident. While the Chennai Port and police impounded both vessels, one of them registered abroad, the Madras high court said the government must take urgent action in this regard. The Chennai police have registered an FIR in connection with the collision and the oil spill, and issued a formal request to the port authorities not to allow the ships to sail away. The crew members too have been told not to leave without permission.
CHENNAI: As the extent of the oil spill caused by the collision of two ships off the Ennore Port in Chennai dawned on the authorities a week after the incident, multiple agencies stepped in to probe the accident. While the Chennai Port and police impounded both vessels, one of them registered abroad, the Madras high court said the government must take urgent action in this regard. The Chennai police have registered an FIR in connection with the collision and the oil spill, and issued a formal request to the port authorities not to allow the ships to sail away. The crew members too have been told not to leave without permission.
Friday, February 10, 2017
Exclusive: Millions of barrels of Venezuelan oil stuck at sea in dirty tankers | Reuters
Exclusive: Millions of barrels of Venezuelan oil stuck at sea in dirty tankers | Reuters:
More than 4 million barrels of Venezuelan crude and fuels are sitting in tankers anchored in the Caribbean sea, unable to reach their final destination because state-run PDVSA cannot pay for hull cleaning, inspections, and other port services, according to internal documents and Reuters data.
About a dozen tankers are being held back because the hulls have been soiled by crude, stemming from several oil leaks in the last year at key ports of Bajo Grande and Jose, which has resulted in delayed operations for loading and discharging.
More than 4 million barrels of Venezuelan crude and fuels are sitting in tankers anchored in the Caribbean sea, unable to reach their final destination because state-run PDVSA cannot pay for hull cleaning, inspections, and other port services, according to internal documents and Reuters data.
About a dozen tankers are being held back because the hulls have been soiled by crude, stemming from several oil leaks in the last year at key ports of Bajo Grande and Jose, which has resulted in delayed operations for loading and discharging.
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