The U.S. Treasury Department provided COSCO companies with time until December 20 to terminate their contracts.
Since September, COSCO Shipping Tanker has been on the US sanctions list for alleged violation of the ban on the transportation of Iranian oil.
The US Treasury said the temporary suspension of sanctions does not apply to the COSCO Shipping Tanker (Dalian) Seaman and Ship Management Co., Ltd, which is also banned.
Increased activity in a number of core areas in 2017 has seen the shipping market temperature rise a little, according to Clarksons Research. The shipping…
Daitoh Trading has been linked to orders for five chemical/product tankers with compatriot builders. According to data provided by Intermodal, the company has placed an…
German shipbuilder Meyer Werft has cut the first steel for the next cruise ship for AIDA Cruises. The steel cutting ceremony was held in Papenburg…
