More Supertankers Divert After U.S. Sanctions Hit Chinese Oil Port

US sanctions on Chinese terminal force crude oil tankers to divert

More Supertankers Divert After U.S. Sanctions Hit Chinese Oil Port

Three very large crude carriers have diverted from their original destination of the port of Rizhao in China, following the U.S. Treasury’s announcement of sanctions on the facility due to its handling of Iranian crude, Bloomberg has reported, citing shipping data. Per the data, two of the VLCCs are now en route to the port of Ningbo Zhoushan on the East China Sea, and the third is heading for the northern port of Tianjin. The vessels are carryi…

Oil Tankers Divert From China’s Rizhao Port After US Sanctions

Three supertankers that were headed for Rizhao port are now looking for alternative berths, following US sanctions on the terminal that handles around a 10th of China’s oil imports.

U.S. Sanctions on China Port Over Iranian Oil Disrupt Crude Flows - KAYHAN LIFE

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Tanker Diversions From Sanctioned Chinese Terminal May Cause Congestion at Other Ports

Trading firms have diverted at least five more crude oil tankers from a major port in eastern China after the U.S. imposed sanctions on an import terminal there, according to trading sources and shipping data.

Supertanker Freight Rates Up Sharply as US-China Trade War Envelops Ports - Energy News, Top Headlines, Commentaries, Features & Events

Summary MidEast to Asia VLCC rate hit 2-week high on Monday China to charge about $15 million in port fees for US-linked VLCC, trader says Ships divert to Zhoushan after US sanctions Rizhao port (Reuters) – Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees ...