Reuters - A decision by the United States to lift sanctions on one of two units of the Chinese tanker company COSCO was not a sign that the Trump administration was letting up on its maximum pressure against Iran, a senior U.S. official said on Saturday.
The lifting of sanctions on Friday by the U.S. Treasury Department partially reversed its punishment ...
Reuters - The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks with Washington.
President Donald Trumps administration on Sept. 25 blacklisted ...
Reuters - The Trump administration assured U.S. banks on Wednesday that they can temporarily process U.S. dollar transactions on a Dalian unit of Chinas biggest shipping company COSCO that Washington had imposed sanctions on over suspicions it transported oil from Iran.
The United States sanctions on Sept. 25 pushed global freight costs to record ...
Reuters - At least three tankers are on their way to Asia with U.S. oil cargoes after Washington gave temporary approval to wind down transactions with a Chinese shipping company that it sanctioned last month, according to data and shipping sources.
In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian ...
Reuters - The U.S. Treasury Department on Thursday issued a nearly two-month waiver for companies to wind down transactions with a Chinese tanker company it sanctioned last month for allegedly transporting Iranian oil.
The waiver, good through Dec. 20, allows maintenance or wind down of transactions including offloading non-Iranian crude oil involving ...
Bourse and Bazaar | Esfandyar Batmanghelidj: New data from Chinas customs administration show a significant drop in purchases of Iranian oil. The declared value of September imports was just USD 254 million, down 34 percent from August and down 80 percent from the same month last year.
The September data appears to end a period of relative stability ...
Reuters - A supertanker owned by COSCO Shipping Tankers (Dalian) has received a temporary waiver from U.S. sanctions that has allowed the ship to discharge crude oil cargoes, a source with direct knowledge of the matter said on Wednesday.
The Very large crude carrier (VLCC) Coswisdom Lake, which discharged some crude in Singapore last week, offloaded ...
Reuters - The White House is warning Chinese shipping companies against turning off their ships transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.
Weve been messaging very heavily to the shipping companies, you dont want to do this, its not worth it, said one official, who spoke to ...
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