Cosco Shipping Tanker (Dalian), previously sanctioned by the US between September and January for transporting Iranian oil, has launched sales of CNY 402m ($56.8m) worth of assets to a group affiliate.
The wholly owned subsidiary of Shanghai- and Hong Kong-listed Cosco Shipping Energy Transportation (CSET) will sell its 70% stake in Shenzhen Cosco Lpg Shipping, 57.5% in Haven Automation, and 15% in DA-IN Ferry for a total of CNY 88.8m,
