U.S. oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data.On Friday, a Chevron-chartered vessel approached the South American country's waters to pick up a cargo of Venezuelan crude.
Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials frustrated by the
The United States on Friday imposed new sanctions following North Korea's latest missile launches this week, targeting a fuel procurement network that Washington said supports Pyongyang's weapons programs and its military.Friday's action targeted two Singapore-registered companies and a Marshall Islands-registered firm, the U.S.
An Iranian-flagged tanker is reloading oil that was confiscated by the United States earlier this year after Greek authorities approved the release of the cargo, sources familiar with the matter said on Friday.The case has strained relations between Athens and Tehran amid growing tensions between Iran and the United States after Washington hired a tanker in April to impound the oil onboard the
Asset manager Atlas Corp said on Thursday it received a takeover offer from consortium group Poseidon Acquisition Corp in an all-cash deal for $3.64 billion.Poseidon, which comprises Atlas' board chairman David Sokol, affiliates of Canadian investment company Fairfax Financial Holdings Ltd, the Washington Family, and Japanese shipping company Ocean Network Express Pte Ltd
Washington State Ferries said one of its vessels suffered "significant damage" as the result of a "hard landing" at the Fauntleroy terminal in Seattle on Thursday.The Cathlamet, which was traveling from Vashon Island to West Seattle during a 7:55 a.m. sailing, reportedly struck an offshore dolphin (pilings, not the aquatic mammal) before alliding with the dock.
An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port of Piraeus on Saturday, Greek coast guard officials said, after Greek authorities approved its release.For over two months the Iranian-flagged Lana has been anchored off the Greek island of Evia in a diplomatic impasse which strained Athens' relations with
The Washington State Department of Transportation (WSDOT) will launch a competitive bid process for the construction of its next five hybrid-electric ferries after negotiations stalled with shipbuilder Vigor.Vigor, which has built a number of existing vessels for WSDOT's Washington State Ferries (WSF)
Iran urged Greece on Tuesday to cooperate to resolve a crisis over the seizure of ships without involving the United States, after Iranian forces seized two Greek tankers in the Gulf following the seizure of an Iranian vessel off Greece.Tehran seized the Greek ships on Friday after Athens impounded the Iranian-flagged Pegas in April.
The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer in Venezuela asked President Joe Biden's government in March for a license that would allow it a greater say in its joint ventures with
Authorities in Fiji have seized a $300 million yacht of Russian oligarch Suleiman Kerimov at the request of the United States, the U.S. Justice Department said on Thursday, as Washington and its allies press Russia over its invasion of Ukraine.A Fiji court had ruled on Tuesday that the United States can seize a Russian-owned superyacht, weeks after it arrived and was impounded by police.
President Joe Biden nominated Adm. Linda L. Fagan to serve as the 27th Commandant of the U.S. Coast Guard. Upon confirmation, Adm. Fagan will be the first woman to serve as Commandant of the Coast Guard.Adm. Fagan currently serves as the 32nd Vice Commandant, having assumed the duties on June 18, 2021.