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South America Tankers and Gas Political Risk and Trade

Blacklisted Italian shipowner bankrupted by US sanctions now removed by Ofac

Palermo-based PB Tankers was ensnared in extended Venezuelan-Cuban sanctions after six of its seven tankers were added to the Specially Designated Nationals list, along with their associated companies in mid-April. Ofac de-listed PB tankers and all its owned and managed ships on July 3

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PB Tankers said its vessels are ready to trade again but declined to provide further details on its bankruptcy, including the jurisdiction of the proceedings

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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