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Cosco Shipping Energy Transportation shares plunge as trading resumes

The Shanghai-listed stock fell more than 10% reaching its daily limit, while CSET’s Hong Kong shares dropped nearly 25%. The company said it is ‘comprehensively organising its various businesses, assessing the relevant impact, and conducting response work’

Tanker markets have been rocked in recent days by uncertainty concerning the fallout from the sanctions because CSET has not disclosed detailed information about how many of its vessels are involved

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