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US renews waiver on Cosco tanker unit hit by sanctions

An executive from Cosco Shipping Energy Transportation, the listed parent of Dalian Tanker, says all the vessels owned by the subsidiary were attached to ‘co-operation agreements’ with state-owned Chinese oil companies. This could potentially lead to re-employment of the fleet

Chinese analyst says the new waiver has raised questions about whether the three Chinese oil majors — PetroChina, Sinopec and CNOOC — will be able to re-exercise their shipping contracts signed with Dalian Tanker before September 25

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