Unipec Replaces Ship Charters After U.S. Sanctions COSCO Tanker Units

Maritime Activity Reports, Inc.

September 26, 2019

© Carabay / Adobe Stock

© Carabay / Adobe Stock

China's Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China's COSCO, three shipping sources said on Thursday.

The sources said Unipec, the trading arm of Asia's top oil refiner Sinopec, had switched to other tanker owners including China Merchants-owned AMCL after the designation by Washington on Wednesday of two of state-owned COSCO's subsidiaries.

Sinopec declined to comment. AMCL's Hong Kong office could not be reached for comment after office hours. An AMCL executive reached by Reuters declined to comment. 

(Reporting by Jonathan Saul and Aizhu Chen; Editing by Jan Harvey)

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News