PB Tankers hits out at US sanctions

Italy’s PB Tankers has stated it is “shocked and concerned” by the action taken by the US Office of Foreign Assets Control in adding the company and a number of the company’s vessels to the current sanctions list in relation to trade with Venezuela. The company said in a release yesterday it will be taking immediate steps to ensure that it is delisted as a matter of urgency.

PB Tankers said its blacklisting likely stemmed from a single time charter contract which predates the current sanctions regime.

“PB Tankers does not have any ships in Venezuela, nor will be trading into or out of Venezuela,” the company stated.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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