US hitting China again.
U.S. Ban of Cosco Tankers Rattles Oil Transport
in International Shipping News 30/09/2019
Shipping brokers around the world are being swamped with calls from oil traders looking for replacement ships after the U.S. blacklisted dozens of tankers operated by a major Chinese tanker operator.
The U.S. action over allegations that the vessels were tied to illicit shipments of Iranian crude hits about 50 tankers operated by a subsidiary of Cosco Shipping Energy Transportation, one of the world’s largest tanker owners that moves a big part of China’s oil needs.
Washington also warned ports and traders around the world to stop doing business with the Chinese ships.
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A person with direct knowledge of the matter said Cosco is asking Beijing to make the blacklisting decision part of the U.S.-China trade talks when those negotiations resume in October. The person said senior Communist Party members consider sanctioning Cosco as a direct jab at the Beijing government itself.
“We are very surprised and plan to learn more about the situation,” Cosco said in its first response to the U.S. ban.
https://www.hellenicshippingnews.com/u- ... transport/