Cosco Dalian tankers trading in international pools remain in legal limbo despite last week’s news of a limited two-month waiver on US legal sanctions.
Legal sources said pool operators are still struggling to grasp last week’s announcement by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) relating to Cosco Shipping Tanker (Dalian) and sister company Cosco Shipping Tanker (Dalian) Seaman & Ship Management — two subsidiaries of the China Cosco Shipping group that are collectively referred to as Cosco Dalian.
