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

(Reuters) – 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. The U.S. sanctions have disrupted plans for the country’s refiners to unload their cargoes at the port of … Read more