U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural g...
LONDON - U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas tanker industry on Monday as U.S.-listed Teekay LNG said its joint venture in Russia had been “blocked” for its ties to COSCO.
The United States imposed sanctions on the two units - COSCO Shipping Tanker Co, Ltd and its subsidiary COSCO Shipping Tanker Seaman & Ship Management Co, Ltd - for allegedly carrying Iranian crude oil.
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