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Teekay tanker joint venture ‘blocked’ by sanctions on Cosco units

The $2.1bn Arctic fleet of one of shipping’s biggest energy movers is feeling the burn of US sanctions on Cosco. Teekay has scrapped a meeting with investors and analysts in New York this week as its joint venture partner in the Arctic, China LNG, is hit by sanctions as a subsidiary of targeted Cosco companies

Teekay assesses impact of sanctions on the $2.1bn fleet of ice-breaking LNG carriers it co-owns with China LNG

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