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Canada Orders Seizure of Oil Tanker

The Federal Court of Canada has ordered the seizure of a 721,915-barrel cargo of crude from Kurdistan aboard the "Neverland" oil tanker on the request of the Iraq Oil Ministry, court documents show. The Iraq Oil Ministry has also filed a claim against commodity trading house Vitol S.A. and subsidiaries including Mansel Ltd, the charterer of the ship, and affiliate Finaval SpA di Navigazione, the owner of the ship, for $32.5 million. Iraq claims the cargo was unlawfully misappropriated by the Kurdistan Regional Government and sold to Vitol to be loaded onto the "Neverland." Vitol declined to comment. https://www.marinelink.com/news/seizure-orders-canada427048

Neverland revives trade off Kurdish oil to USA

The "Neverland", carrying Kurdish crude oil appeared to be en route to the U.S., thus reviving a trade from three years ago that became a symbol of a dispute between the semi-autonomous region in Iraq and the federal government in Baghdad. The "Neverland", which normally hauls about 650,000 barrels, exited the Mediterranean Sea two days ago. On June 13, 2017, it left the port of Ceyhan in southern Turkey from where Kurdistan Regional Government cargoes are shipped by traders. The tanker was heading toward the U.S. East Coast. espite going close to full speed at 13 knots, the vessel’s destination was noted by its crew as “for orders”. The last time the Kurds tried such trade, a court in Texas forced a tanker to turn around.