Lim Oon Kuin, founder of Singapore’s oil trading giant Hin Leong Trading, was charged in court last Friday with abetment of forgery for the purpose of cheating, according to the Singapore Police Force.
Reports have been emerging that the US has seized four product tankers said to be bringing Iranian gasoline to Venezuela.
Large tanker owner DHT Holdings says it has managed to make crew changes on two-thirds of its fleet but “significant challenges” remain due to Covid-19 restrictions.
A survey of Greece’s shipowners and operators by Naftiliaki Greek Shipping shows the number operating fleets of over 1m dwt has increased to 75 from 72 a year earlier.
Italy’s d’Amico International Shipping (DIS) has signed a memorandum of agreement to sell two of its oldest MR product tankers for a total of $25.9m.
The Union of Greek Shipowners (UGS) remains committed to implementing US sanctions and urges members to refrain from conducting any business with Venezuela until there is a change in that country’s regime.