Rosneft sanctions leave oil trader’s Venezuela VLCC fleet stranded
Singapore-based Mercantile & Maritime Trading operates eight tankers, including five VLCCs purchased last November. All the vessels were immediately deployed on Venezuelan-Asia routes shipping sanctioned crude for Geneva-based Rosneft Trading. It is moving quickly to make sure it complies with US sanctions
Shipping company owned by former Glencore executive swiftly moves to close down operations related to Venezuela
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