DECEMBER 1, 2023 CIRCULAR NO. 19/23TO MEMBERS OF THE ASSOCIATION Dear Member: UNITED STATES TEMPORARILY AUTHORIZES TRANSANCTIONS INVOLVING OIL, GAS AND GOLD IN VENEZUELA The US Department of the Treasury’s…
OCTOBER 23, 2023CIRCULAR NO. 14/23 TO MEMBERS OF THE ASSOCIATION Dear Member: UNITED STATES TEMPORARILY AUTHORIZES TRANSANCTIONS INVOLVING OIL, GAS AND GOLD IN VENEZUELA This Circular provides information in conjunction with…
American Club Circular no.23/21 – (Revised) Sanctions refresher: Venezuela and Cuba OCTOBER 27, 2021 CIRCULAR NO. 23/21 TO MEMBERS OF THE ASSOCIATION Dear Member: SANCTIONS REFRESHER: VENEZUELA AND CUBA OCTOBER 27, 2021 CIRCULAR NO.…
Are Foreign Investors returning to Venezuela? 10 September 2021 – There seems to be renewed interest in Venezuela by high-risk appetite investors. Recently, a couple of private equity funds were…
American Club circular no.04/2 – Venezuela Sanctions – Venezuela Maritime Authority FEBRUARY 9, 2021 CIRCULAR NO. 04/21 TO MEMBERS OF THE ASSOCIATION Dear Member: VENEZUELA SANCTIONS – VENEZUELA MARITIME AUTHORITY…
“Greek shipping confirms its commitment to implementing the U.S. order to ban trade and economic transactions with Venezuela and other countries.” On Monday 15/6/2020 and in the wake of the…
American Club Member Alert (June 3, 2020) re US sanctions four shipping firms and their vessels for transporting Venezuelan oil JUNE 3, 2020 US SANCTIONS FOUR SHIPPING FIRMS AND…
Central Bank of Venezuela v The Governor and Company of the Bank of England Zaiwalla & Co have been instructed by the Central Bank of Venezuela to issue a claim…
The United States designates Rosneft Trading At a Glance… In a renewed attempt to exert pressure on the Maduro regime, OFAC has targeted a key subsidiary of Rosneft Oil Company,…
AMERICAN CLUB CIRCULAR NO. 12/19 – US SANCTIONS ON VENEZUELA: RISKS FOR NON-US PERSONS CONCERNING TRANSACTIONS WITH PDVSA APRIL 12, 2019 CIRCULAR NO. 12/19 TO MEMBERS OF THE…
The BDI@692; Panamaxes save the day The BDI (Baltic Dry Index) clinched two points earlier on today thanks to the Panamaxes’ “surge”… Geopolitics remain crucial in all fronts. John Faraclas’…
Capes disaster amid …disastrous geopolitics The BDI lost another six points earlier on today and at 683 sends out another Mayday… Geopolitics with the BREXIT jargon gets seriously perplexed. John…
OMFIF update Week 7 2019 11-15 February 2019 Vol.10 Ed.7 COMMENTARY Italy headed for ‘vicious’ debt crisis After a brief recovery, Italy has succumbed to its third recession in a…
For a second day the BDI (Baltic Dry Index) saw a light improvement since yesterday despite the continue fall of the Capes. Developments in Geopolitics must be watched as they…
Commentary: Venezuela’s death spiral By Steve Hanke in Baltimore Under President Nicolás Maduro, Venezuela has fallen ever further into an economic death spiral. Evidence of this comes from Venezuela’s inflation…
The Women’s International Shipping & Trading Association (WISTA) continues its expansion in South America, welcoming WISTA Venezuela. WISTA Venezuela joins WISTA Argentina, WISTA Brazil, WISTA Peru, and WISTA Uruguay in…
The BDI (Baltic Dry Index) ended up at 1,138 points – plus 46 since yesterday and over one hundred since last Friday the 4th of August – to be precise…
The BDI (Baltic Dry Index) – thanks to the Capers and partly to the Panamaxes, managed to gain 42 points and now reads 1,092… The Geopolitical uncertainty which seems a…
As Capers remained …”afloat” with 86 plus points, bringing the BCI up at 1,225 points; so does the BDI@946 – up 13 – for luck… per Agatha Cristies’ novel. The…