Sanctions no more: A new era for the tanker market? asks a Tankers International news source.
US SanctionsIn an unexpectedly lenient move, the US announced last week that sanctions against companies trading in Venezuelan oil will be dropped. This provides an opportunity for a reshuffling of oil movements, particularly in the Atlantic basin, and with that comes a renewed focus on VLCC employment and impacts on the ‘dark fleet’.
As its sanctions are removed, Venezuela...