By Humeyra Pamuk and Timothy Gardner WASHINGTON, Jan 31 (Reuters) – The United States on Friday lifted sanctions on one of two units of the giant Chinese tanker company COSCO,...

WASHINGTON, Dec 19 (Reuters) – The Trump administration on Thursday renewed a waiver for companies to wind down transactions with the Dalian unit of a Chinese tanker company on which...

By Bloomberg News (Bloomberg) — The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates. The...

LONDON, Nov 7 (Reuters) – The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world’s biggest dry bulk shipper BHP ,...

By Jonathan Saul LONDON, Nov 6 (Reuters) – The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe to clamp...

By Noah Browning LONDON, Oct 29 (Reuters) – U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result — less burning of the dirtiest...

By Jonathan Saul and Collin Eaton LONDON/HOUSTON, Oct 25 (Reuters) – At least three tankers are on their way to Asia with U.S. oil cargoes after Washington gave temporary approval...

WASHINGTON, Oct 24 (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...

BEIJING, Oct 24 (Reuters) – CNOOC, China’s largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there...

By Firat Kayakiran and Olivia Konotey-Ahulu (Bloomberg) –China’s demand for crude oil shows no signs of abating. There are currently more supertankers bound for the Asian nation than at any...

The joint venture operating icebreaking LNG carriers for Yamal LNG have been exempted from U.S. sanctions against COSCO tanker units, Russian natural gas producer Novatek said Tuesday. Novatek, which operates...

SINGAPORE, Oct 16 (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...

By Timothy Gardner and Arshad Mohammed WASHINGTON, Oct 16 (Reuters) – The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments...

NEW YORK, Oct 10 (Reuters) – Phillips 66 tentatively chartered a supertanker to ship U.S. crude from the U.S. Gulf Coast to South Korea for a record $14 million this...

By Florence Tan and Shu Zhang SINGAPORE, Oct 10 (Reuters) – A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil,...

By Shu Zhang and Roslan Khasawneh SINGAPORE, Oct 9 (Reuters) – About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since...

By Firat Kayakiran and John Deane (Bloomberg) –Oil-tanker earnings surged above the $100,000-a-day marker on the benchmark route as a looming ship-fuel revolution combined with U.S. sanctions to supercharge rates....

HOUSTON/NEW YORK, Oct 7 (Reuters) – Occidental Petroleum Corp provisionally chartered a supertanker to ship U.S. crude to South Korea for a new record of $13.25 million in November, three...

NEW YORK, Oct 4 (Reuters) – Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on...

By Collin Eaton and Devika Krishna Kumar HOUSTON/NEW YORK, Oct 2 (Reuters) – Freight rates for U.S. crude tankers bound for Asia hit an all-time high on Wednesday as U.S....