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Prospect of sanctions removal boosts Cosco tanker units

The share price of Cosco Shipping Energy Transport has surged by more than 10% amid speculation that the US sanction on its tanker-owning unit Cosco Shipping Tanker (Dalian) will soon be lifted

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A CEST executive told Lloyd’s List that the US authorities had been &ldsuo;positive’ about taking its blacklisted subsidiary Cosco Shipping Tanker (Dalian), off the blacklist, with the company trying hard to prove its innocence of allegedly helping to smuggle Iranian oils

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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