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The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington's sanctions on the South American nation. The measure targets a network that the U. Treasury Department says helped the administration of President Nicolas Maduro, whose re-election Washington called a sham, broker the sale of hundreds of millions of dollars in Venezuelan oil. Damen and Svitzer signed the contract for the vessel in December last year.
Harry N. Vafias has been actively involved in the tanker and gas shipping industry since Vafias also worked at Braemar, a leading ship brokering firm, where he gained extensive experience in tanker and dry cargo chartering. Seascope and Braemar merged in to form Braemar Seascope Group plc, a public company quoted on the London Stock Exchange and one of the world's largest ship brokering and shipping service groups. From until , he worked at Brave Maritime and Stealth Maritime, companies providing comprehensive ship management services, where Mr.