Cosco VLCCs head to Singapore and Fujairah after sanctions lifting
A total of 10 VLCCs owned by Cosco Shipping Tanker (Dalian) previously blacklisted by the US for violation of sanctions on Iran have left anchorage, suggesting they have returned to service
While the removal of the sanctions may come as welcome news to Cosco, the message is less positive for the wider tanker market, with analysts predicting a challenging short-term outlook
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