Following OFAC’s decision on issuing sanctions against COSCO companies, many were those affected, as well as the US-listed Teekay Group that has been qualified as a ‘blocked person’.
Specifically, the sanctions were imposed on COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co for trading oil with Iran.
Teekay further explains that COSCO Dalian holds a 50% stake in China LNG Shipping (Holdings) Limited (CLNG). In the first place, CLNG was not listed...
https://safety4sea.com/teekay-group-affected-by-sanctioned-cosco/