U.S. Lifts Sanctions on COSCO’s VLCCs

The U.S. Treasury has lifted sanctions on Chinese crude tanker operator COSCO Shipping Tanker (Dalian) Co. Ltd., a division of state-owned China COSCO. The tanker unit was blacklisted in September 2019 for allegedly violating American sanctions on Iran. 

The delisting comes just days before temporary waivers allowing business with COSCO Shipping Tanker (Dalian) were set to expire. It also follows shortly after the successful negotiation of a “phase one” trade deal between Beijing and Washington,...

https://www.maritime-executive.com/article/u-s-lifts-sanctions-on-cosco-s-vlccs

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