ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs