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Home » Tag Archives: Cosco Sanctions

Tag Archives: Cosco Sanctions

U.S. lifts Iran sanctions on COSCO Tanker Unit

COSCO oil tanker at port with wind turbine in background

Reuters.com, January 31, 2020 By Timothy Gardne, Daphne Psaledakis and Dmitry Zhdannikov – WASHINGTON/LONDON Jan 31 (Reuters) – The United States will likely lift sanctions within days on units of Chinese tanker company COSCO that Washington accused of transporting Iranian oil, two industry sources said. A source with a major Chinese oil company said they had received indications that COSCO …

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Tankers defer retrofits to cash in on record freight rates (We would too at these prices)

October 18, 2019, by Reuters By Roslan Khasawneh SINGAPORE, Oct 18 (Reuters) – Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalise on an unexpected surge in freight rates, three trade sources said. U.S. sanctions on subsidiaries of vast Chinese shipping fleet Cosco in September sparked …

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