Supertankers Heading to Collect Venezuelan Oil for China Are Turning Around
Chinese Supertankers Divert from Venezuelan Oil Pickup Two Chinese oil supertankers, originally on their way to Venezuela to load oil for debt repayment, have reportedly turned back toward Asia, according to shipping data from LSEG cited by Reuters on Monday. The Venezuelan government, under socialist leadership, owes significant sums to China, a debt stemming from […]
Chinese-built oil supertankers could pay $5.2M per US port visit
According to new guidelines released by the Trump administration, supertankers built in China that transport oil to the US could be forced to pay a fee of up to $5.2 million per port call. Newly announced fees announced as part of the administration Plans to revive domestic shipbuilding industry While weaning the economy out of […]