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Wed, Jan

Ship Recycler GMS Applies For U.S. Licence To Scrap Seized Venezuela-Linked Tankers

Ship Recycler GMS Applies For U.S. Licence To Scrap Seized Venezuela-Linked Tankers

Marine Insight
Ship Recycler GMS Applies For U.S. Licence To Scrap Seized Venezuela-Linked Tankers
oil tanker
Image Credits: U.S. Southern Command/X

Dubai-based ship recycler Global Maritime Services (GMS) has applied for a U.S. licence to buy and dismantle vessels seized by American authorities for their links to Venezuelan oil trading, according to the company.

This follows the recent seizure of seven vessels in international waters by the U.S. military and Coast Guard.

The ships were either carrying Venezuelan oil or had done so in the past. These actions are part of Washington’s campaign against Venezuela’s oil trade, which led to the capture of President Nicolas Maduro by U.S. forces on January 3.

The seized vessels belong to the so-called shadow fleet, a group of ageing tankers that often operate without recognised insurance or valid safety certification.

Maritime experts say such vessels pose a high risk of oil spills while they remain at sea.

GMS founder and chief executive Anil Sharma has stated that these ships present a serious safety concern and cannot be

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