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BSM mulls ending Venezuela shipmanagement

Germany’s Bernhard Schulte Shipmanagement is seeking to stop managing tankers owned by Petroleos de Venezuela given the political and economic tensions in the South American country. It may end the vessel management as soon as the end of March

Bernhard Schulte Shipmanagement says after almost 25 years running ships under the ownership of numerous Venezuelan governments ‘we have now reached a point where managing assets has become an almost impossible task’

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