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
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792