The US has put sanctions on several Chinese companies and their top officials for allegedly shipping Iranian oil, putting dozens of supertankers off limits to western energy traders. As a direct impact of the blacklisting of Chinese shipping company Cosco, 145,000 tonnes of Indian Oil is at risk.
EXCLUSIVE: China secretly shipping Nuclear arms to Pakistan
145000 tonnes of Indian Oil at risk after US blacklists Chinese shipping companies
The US Treasury department on Wednesday blacklisted two oil tanker subsidiaries of Cosco, a leading Chinese shipping and logistics company, although the parent company remains unaffected.
China Concord Petroleum, Pegasus 88 Limited, Kunlun Shipping Company and Kunlun Holding Company were also sanctioned.
The sanctions against Cosco subsidiaries alone could affect 40-50 tankers, about half of which are very large crude carriers — the giant supertankers used by inter...
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