Tankers

Navios Partners tears up contracts with VS Tankers after US sanctions

New York-listed shipowner has contract clauses allowing it to end bareboat deals

The Erbil is owned by Shoei Kisen and bareboat-chartered to Navios Maritime Partners, which sub-bareboat-chartered it to VS Tankers before it was time-chartered to Unipec. Navios is now terminating its deal with VS.
The Erbil is owned by Shoei Kisen and bareboat-chartered to Navios Maritime Partners, which sub-bareboat-chartered it to VS Tankers before it was time-chartered to Unipec. Navios is now terminating its deal with VS.Photo: AISSOT
TradeWinds US bureau chief
Published 4 July 2025, 16:30Updated 9 July 2025, 13:18
Navios Maritime PartnersUSSanctions