O-I Glass Inc, a glass manufacturer, is trying to seize a Venezuelan oil tanker as part of efforts to secure the $500 million in arbitration compensation granted it by a court after Venezuela expropriated two plants, Reuters reports , citing documents filed at a Singapore court. This is the latest in a series of attempts by various companies to collect compensation that courts had granted them after the sweeping nationalization of private businesses undertaken by late Hugo Chavez. And with options few, oil tankers are among the first ones to attract attention. If the court grants O-I Glass its request, it would spell more trouble for already struggling PDVSA, Venezuela’s state oil firm. The company has been the main target of U.S. sanctions, the latest round focusing on tankers. The sanctions were reportedly to cover all vessels that have called at Venezuelan ports over the 12 months to end-May, […]