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Companies Work to Handle Safety Challenges of New Venezuelan Oil Exports: Sources

Life Insurance /
Companies Work to Handle Safety Challenges of New Venezuelan Oil Exports: Sources

Oil companies aiming to participate in new exports of Venezuelan crude to the U.S. following the ouster of President Nicolas Maduro are in hasty discussions to find tankers and put together operations to transfer the crude safely from vessels and dilapidated Venezuelan ports, four sources familiar with the operations said. Trading houses and oil companies,

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Russian-Bound Tanker Hit by Drone in Black Sea, Maritime Sources Say

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Black Sea Shipping Insurance Rates Rise After Ukraine Attacks on Tankers, Sources Say

A Russia-bound oil tanker suffered a drone attack in the Black Sea that prompted it to request Turkish coastguard assistance and divert from its course, according to a notice by Lloyd’s List Intelligence and a separate maritime security source on Thursday. Maritime data specialist Lloyd’s List Intelligence said the Palau-flagged Elbus vessel “experienced an unmanned

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US Preparing to Seize More Tankers off Venezuela’s Coast After First Ship, Sources Say

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US Preparing to Seize More Tankers off Venezuela’s Coast After First Ship, Sources Say

The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources familiar with the matter said on Thursday. The seizure was the first interdiction of an oil cargo or tanker from Venezuela, which has been under

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Black Sea Shipping Insurance Rates Rise After Ukraine Attacks on Tankers, Sources Say

Health Insurance /
Black Sea Shipping Insurance Rates Rise After Ukraine Attacks on Tankers, Sources Say

The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black Sea is crucial for the shipment of grain, oil and oil products. Its waters are

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