The US imposed sanctions on the company for allegedly shipping Iranian crude. Photo: Reuters

Cosco Dalian’s oil tankers switch off tracers after US sanctions imposed, data shows

  • Fourteen of the Chinese company’s 43 vessels turned off ship-tracking transponders from September 30 to October 7
  • Analyst calls it ‘a tried and tested tactic that the Iranians have used before, creating a fleet of ghost ships that cannot be tracked’
Topic |   US-China relations

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The US imposed sanctions on the company for allegedly shipping Iranian crude. Photo: Reuters
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The US has been seeking to cut off investment in Iran’s energy sector as part of an economic pressure campaign that China has criticised. Photo: Reuters

Chinese oil giant CNPC may be latest to bow to US sanctions on Iran

  • Iranian minister on Sunday said the state-owned company had pulled out of US$5 billion South Pars field deal
  • It comes after six Chinese companies and five executives were sanctioned by the US for transporting oil out of Iran
Topic |   US-China relations

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The US has been seeking to cut off investment in Iran’s energy sector as part of an economic pressure campaign that China has criticised. Photo: Reuters
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