Tag: COSCO
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Chinese Supertanker Routes Saudi Crude via Red Sea, Bypassing Hormuz
The Kai Jing, a Very Large Crude Carrier operated by China Merchants Energy Shipping, passed through the Red Sea's Bab el-Mandeb Strait on March 16 carrying 2.2 million barrels of Saudi crude—the first Chinese supertanker to bypass the Strait of Hormuz since its de facto closure on March ...
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Panama Asks Chinese Shipping Giant Cosco to Return to Canal
Panama's government on Friday asked Chinese shipping giant Cosco to reconsider its suspension of operations at a Panama Canal port, the latest fallout from an ongoing disagreement between the United States and China over the waterway's oversight. Earlier this week, state-owned ...
WEEK IN REVIEW: China Increased Oil Imports in January and February Amid Middle East Tensions
Singapore appointed DBS Bank as its second RMB clearing facility, and is facilitating the secondary listing of Chinese companies, reforms aimed at boosting trade and investment with China. The changes will make it easier for Chinese firms to raise capital, settle RMB transactions, and list shares in Singapore.
China’s COSCO Shipping Suspends Operations at Panama’s Balboa Port, La Prensa Says
China's COSCO Shipping has suspended operations at Balboa port, which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate. Balboa is one of the ...
China Evacuates 3,000 Nationals From Iran as Beijing Condemns U.S. and Israeli Strikes as Violation of International Law
At least 3,000 Chinese nationals have been evacuated from Iran over the past 72 hours, according to Chinese Foreign Ministry Spokesperson Mao Ning. The exodus follows calls for Chinese nationals across the Persian Gulf and the Mideast to leave, if possible, or shelter in place if not. ...
