Classification bureaus pull the plug on tankers with ties to Venezuela

US pressure on the shipping sector to halt trading with Venezuela has made several classification bureaus terminate agreements with tanker vessels. Insurance companies and flag states are also tightening requirements.

Photo: Henry Romero/Reuters/Ritzau Scanpix

Several classification bureaus and insurance companies have terminated agreements with tanker vessels which have been, or are, involved in trade with Venezuela, reports Reuters.

US authorities have in recent months been targeting shipping companies sailing with oil to and from Venezuela, as the US is actively working against president Nicolas Maduro's regime.

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