Published On: Wed, Nov 28th, 2018

Curaçao court orders tanker seizure

BullenbaaiWILLEMSTAD - The Court of Justice in Curaçao has ordered the confiscation of a Suezmax carrying 380,225 barrels of Boscan crude to pay a PDVSA debt on behalf of creditor Energy Coal, according to sources in Caracas.

The Stena Surprise has been sitting partially laden at the Bullen Bay Curaçao terminal since September 30, according to S&P Global Platts trade flow software cFlow. Sources in the Americas Suezmax sector had not heard of the court confiscation.

The Stena Surprise was last booked by Tipco for a September 26 laycan to lift a 150,000-mt cargo from Bullen Bay to Kemaman, Malaysia, on contract of affreightment terms, Platts fixture logs show.

A company source from the ship's owner, Stena Bulk, declined to comment on Monday.

Venezuelan oil production continues to drift closer to the 1 million b/d level, with S&P Global Platts estimating October output at 1.18 million b/d, compared with 2.35 million b/d in January 2016.

PDVSA could not be reached for comment on Monday.

Source: Platts
Phoso credit: Bea Moedt

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