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Stock impact report

Exclusive-US senator presses tanker giants over cartel-linked fuel smuggling at sea [Yahoo! Finance Canada]

International Seaways, Inc. (INSW) 
Last international seaways, inc. earnings: 3/3 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: intlseas.com/corporateprofile
Senator Ron Wyden has contacted seven maritime shipping companies as part of an inquiry into cartel-linked fuel smuggling between the United States and Mexico, asking the firms to explain their vetting procedures for ensuring their tankers aren't used to transport illicit ?hydrocarbons, according to copies of the letters seen by Reuters. The letters from Wyden, who is the most senior Democratic member of the Senate Finance Committee, were ?dated Friday. They come as stolen crude and bootleg fuel have become the second-largest revenue source for Mexican cartels after drugs, according to the U.S. Treasury. Narcos have done it by embedding themselves inside North America's vast ?energy sector and mastering the logistics of moving petroleum products by truck, rail and most recently tankers. It's an audacious display of ingenuity by Mexico's cartels, which have enlisted a variety of legitimate oil industry players to help them procure and transport the products, some unwittingly, other Show less Read more
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