Posted on April 15, 2019 by Ilias Kiritsis

The United States Department of Treasury has sanctioned yet another nine ships, and four shipping companies.

More specifically, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) blacklisted three Liberian-based firms and one Italy-based firm due to their involvement in carrying oil from Venezuela to Cuba.

The Liberian-based Jennifer Navigation Ltd, Lima Shipping Corp and Large Range Ltd all had at least one vessel blacklisted.

Specifically, the tankers sanctioned are the New Hellas belonging to Lima Shipping Corporation and the S-Trotter which is owned by Large Range Limited.

However, the company to have taken the brunt of the sanctions is the Italian-based PB Tankers S.P.A. who’ve had almost all of their entire fleet blacklisted.

The six tankers belonging to the Italian company that has been affected by the sanctions are the Silver Point, Alba Marina, Gold Point, Ice Point, Indian Point and Iron Point.

The OFAC report suggests that the vessels had been delivering Oil products from Venezuela to Cuba during March of 2019.

“We continue to target companies that transport Venezuelan oil to Cuba, as they are profiting while the Maduro regime pillages natural resources. Venezuela’s oil belongs to the Venezuelan people and should not be used as a bargaining tool to prop up dictators and prolong oppression,” Treasury Secretary Steven Mnuchin said in a statement to the press.

These newest sanctions come in the back of last week’s blacklisting of over 34 vessels owned or operated by Venezuela’s state-run oil Company, Petroleos de Venezuela S.A. (Also known as PDVSA) as well as the blacklisting of two Greek Companies and a vessel that had been delivering oil to Cuba in the months of February and March.


Image Courtesy of Marine Traffic


Posted in US Sanctions , North America , United States , Venezuela

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