Shipping sources said the transaction is
part of a new deal between state-owned PDVSA of Venezuela and Algeria's
Sonatrach. The 312,000-dwt Carabobo (built 2014) loaded over the weekend in
Algeria, Reuters reported., The ship is listed as owned by CV Shipping of
Singapore, but is believed to be controlled by PDVSA. Its last recorded
position on Tuesday was west of Gibraltar, heading out into the Atlantic. The
deal could lead to the first regular crude imports by PDVSA since the company was
founded in the mid-1970s. More…
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