A Chinese Cosco container ship unloads at the port of Hamburg in Germany in July 2018. Photo: Reuters

US lifts Iran sanctions on one unit of Chinese shipping giant Cosco

  • Treasury partially reverses punishment to company for transporting Iranian oil after China raised issue in trade talks with Washington
  • US had blacklisted two Cosco subsidiaries in September, sending worldwide freight costs to record highs and disrupting global shipping market
Topic |   US-China trade war
A Chinese Cosco container ship unloads at the port of Hamburg in Germany in July 2018. Photo: Reuters
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