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2019-10-02 12:05:00

U.S. RUSSIA, CHINA SANCTIONS

U.S. RUSSIA, CHINA SANCTIONS

REUTERS - U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG (TGP.N) said its shipping joint venture in Russia had been "blocked" because of its ties to COSCO.

The United States imposed sanctions on COSCO Shipping Tanker (Dalian) Co and subsidiary COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co for allegedly carrying Iranian crude oil.

Teekay LNG said on Monday that its 50-50 Yamal…

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