MARITIME SUTRA

Sea of Maritime Insights

US Treasury has targeted Venezuela’s oil sector, alleging that it funds Maduro’s illegitimate regime. This includes six shipping companies moving Venezuelan oil. On January 28, 2019, OFAC designated PDVSA pursuant to E.O. 13850 for operating in the oil sector of the Venezuelan economy and on August 5, 2019, President Trump blocked PDVSA pursuant to E.O. 13884. 

Following vessels and owner has been added in the SDN list

  • Myra Marine Limited is registered in the Marshall Islands and is the registered owner and manager of the vessel WHITE CRANE (IMO: 9323429). As recently as October 2025, WHITE CRANE has loaded oil in Venezuela. WHITE CRANE has also used deceptive practices to obfuscate its location by either failing to transmit its location or transmitting a false location.
  • Arctic Voyager Incorporated is registered in the Marshall Islands and is the registered owner of the Panama-flagged vessel KIARA M (IMO: 9285823). In September and October 2025, KIARA M loaded oil in Venezuela and is presently headed for Asia to offload its cargo. 
  • Poweroy Investment Limited is registered in the British Virgin Islands and is the registered owner of the Panama-flagged vessel H. CONSTANCE (IMO: 9237773). In October 2025, H. CONSTANCE loaded Venezuelan oil. H. CONSTANCE has repeatedly manipulated its transmissions to obfuscate its location and loading of Venezuelan oil. 
  • Ready Great Limited is registered in the Marshall Islands and is the registered owner of the Panama-flagged vessel LATTAFA (IMO: 9245794). In multiple shipments through 2025, LATTAFA loaded and transported Venezuelan oil to Asia.  LATTAFA has manipulated its transmissions to obfuscate its location and loading of Venezuelan oil. 
  • Sino Marine Services Limited is registered in the UK and is the manager and operator of Hong Kong-flagged vessel TAMIA (IMO: 9315642). In June 2025, TAMIA loaded and transported Venezuelan oil to Asia. TAMIA has manipulated its transmissions to obfuscate its location and loading of Venezuelan oil.
  • Full Happy Limited is registered in the Marshall Islands and is the registered owner and manager of the Cook Islands-flagged vessel MONIQUE (IMO: 9311270). In late May 2025, MONIQUE loaded and transported Venezuelan oil to Asia. 

OFAC identified above six associated vessels that have engaged in deceptive and unsafe shipping practices.

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