<article><p class="lead">Chevron confirmed that it has the newly US-sanctioned very large crude carrier (VLCC) <i>Seahero</i> on a short-term time charter.</p><p>The <i>Seahero</i>, owned by major Greek-based shipowner Thenamaris, is one of <a href="https://direct.argusmedia.com/newsandanalysis/article/2110805">four</a> oil tankers the US treasury department added on 2 June to its list of vessels sanctioned for transporting Venezuelan crude cargoes in recent months. </p><p>"We are aware that the US Department of Treasury placed sanctions on the vessel and we are working with the appropriate government agencies to ensure compliance with US laws and regulations," Chevron told <i>Argus</i>. </p><p>The US has <a href="https://direct.argusmedia.com/newsandanalysis/article/2099707">extended</a> waivers for Chevron and four other US companies to continue operations in Venezuela until 1 December, but with more restrictions than before. </p><p>Many shipowners, charterers, and shipbrokers avoid conducting business in Venezuela for fear of running afoul of US sanctions. </p><p>Last September, when the US imposed sanctions on subsidiaries of Chinese shipping company Cosco for violating Iran sanctions, charterers <a href="https://direct.argusmedia.com/newsandanalysis/article/1984502">cancelled</a> bookings of any ship operated by Cosco to avoid any risks.</p><p>Chevron said the <i>Seahero</i> is performing a voyage not related to Venezuela. Vessel tracking supports this and indicates that the ship loaded in the US Virgin Islands on 30 May and is heading to Asia-Pacific. </p><p class="bylines">By Nicholas Watt</p></article>
