Reuters exclusively reported that German shipping firm Bernhard Schulte Shipmanagement has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to it by the state-run oil company. PDVSA has struggled for years to pay its bills due to falling crude output and limited cash flow.
Reuters first to report operator of Venezuelan PDVSA’s fleet seeks to detain tankers
23 May 2019, 12:00 am 1 minute
Type: Reuters Best
Sectors: Commodities & Energy