


| Oil shipping rates soar as U.S. sanctions on Chinese supertankers rattle trade Subscriber content |
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Key oil freight rates from the Middle East to Asia rocketed as much as 28 per cent on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran. In what the State Department called “one of the largest sanctions actions the U.
Posted: 2019-09-27 14:41:00
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