18MAR2019 - NEWS - US based McQuilling Partners Inc ends all tanker charter contracts with Venezuela’s PDVSA

A second maritime firm has recently 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. U.S. based McQuilling Partners Inc, which provided PDVSA with four contract tankers, joined German tanker operator Bernhard Schulte Shipmanagement (BSM) in withdrawing from providing oil-shipping services to Venezuela. Oil exports from Venezuela dropped by about 40 percent in the first month after sanctions were imposed on Jan. 28. More than 6 million barrels of oil were stranded on tankers after PDVSA demanded prepayment for the cargoes.

Published by Editor - www.Livebunkers.com at 18-Mar-2019 05:14:34 [UTC] , contact editor at editor@livebunkers.com