![]() "China's COSCO Container Lines is studying the possibility of resuming operation at Iranian ports. “While NITC continues to be the market leader in terms of the number of ships deployed for loading crude from Iran, other companies with ships loading from the country include Dynacom, Delta Tankers, Euronav, Polembros, COSCO, Avin International, Olympic Shipping and Management, New Shipping and Thenamaris, it said.” ( Platts, " Tankers: Sharp Rise in Iran's Crude Oil Shipments to Europe," March 2017). 'deeply concerned' about untrackable China ships carrying Iran oil: officials," ).Īccording to publicly available shipping information, LPG Tankers SEA DOLPHIN (IMO: 9195494) and SEA GLORIA (IMO: 9005053), technically managed by COSCO Shipping Seaman, have called at an Iranian port on two occasions, most recently in January 2019.Īs of August 27, 2019, COSCO is listed on the Illinois Investment Policy Board list of Iran restricted companies.Īccording to publicly accessible ship-monitoring data, since January 1, 2016, vessels for which COSCO Shanghai is the Operator have called at Iranian ports. According to publicly accessible ship-monitoring data, since January 1, 2016, vessels for which COSCO Shipping Specialized is the Operator have called at Iranian ports. ![]() 7, ship tracking data on Refinitiv Eikon showed." (Reuters, " U.S. Days later, 14 COSCO Shipping Tanker (Dalian) vessels, about one-third of its fleet, stopped sending location data from their automatic identification system (AIS) between Sept. imposed sanctions on five Chinese individuals and two Chinese COSCO Shipping Corp subsidiaries, saying they had shipped Iranian crude oil in violation of the sanctions. According to the PCC website, PCC offers tracking of COSCO containers (PCC, “ Tracking”). pressure on Iran to continue despite lifting sanctions on China's COSCO unit, official says," ).ĬOSCO’ has apparent business ties to the sanctioned Iranian entity, Petrochemical Commercial Company (“PCC”). "The Treasury said it deleted COSCO Shipping Tanker (Dalian) Co from its sanctions list but continues to blacklist a second unit - COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co Ltd." (Reuters, " U.S. CalSTRS subsequently removed the “Divested and Restricted” status." In 2020, OFAC lifted the sanctions on the COSCO Shipping Energy Transportation. In 2019, CalSTRS designated COSCO Shipping Energy Transportation as “Divested and Restricted” after OFAC added one of its subsidiaries to the list of Specially Designated Nationals. is a wholly-owned subsidiary of COSCO Shipping Energy Transportation. to the list of Specially Designated Nationals (“SDN”) relating to Iran. "On September 25, 2019, OFAC added COSCO Shipping Tanker (DALIAN) Co., Ltd. CalPERS has commenced the review process to determine whether the company meets the threshold criteria for consideration under the Act." "A subsidiary of the company has been identified as potentially providing shipping services for Iranian oil. CalPERS continues to monitor the company for possible changes in status relevant to the Act." In 2020 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. In 2019 CalPERS designated the company as under review.
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